Critical Elements Lithium Corp V.CRE

Somting to watch

[monkeyhere171]

Green Technology Metals has initiated a trading halt pending strategic partnership and placement announcements. Why you should follow it:

 - The company lost 80% of its value since January 2024 (same as CRE).

 - Raising funds at its lowest share price (Like CRE) in the current market environment 

 - Has two deposits and planning spodumene production in 2026 all in Ontario (not in Quebec, but close so similar costs/economics)

 - Smaller size but a bit better grade so probably similar

 

CRE is more advanced, however, we can see how the market is pricing the project/deposit and see the current market assumptions to apply to CRE. This will provide some guidance to what kind of deal CRE might get or make, what dilution, etc.

 

This is what matters, what the market thinks/is willing to pay, not some clowns adding useless posts, but it's your money, not mine :)

 

[Bobbyjohnson]

Thanks Monkey for this post. Until the last sentences, it was relevant and useful.  Most of us rather read these kind of posts instead of the "I told you so" ones. Thanks for figuring this out.  Good luck to all,  -Bobbyjohnson

[Margin321]

Certainly the lithium space has been hit hard and it is proving very difficult for CRE to put together $600 million in financing to fund the mine. That is why the shares are trading where they are. But the project is truly ready to go, more advanced than other similar projects in Canada.  And they have no debt and $25 million in cash (raised in 2021 at $1.75 a share equity offer).  And

[monkeyhere171]

Last I checked they have $14M (not $25) cash and that's as of May 2024, with an ongoing burn rate of $1M every 3 months - just ongoing expenses with no engineering, drilling, etc included. The other $9M noted to probably make your number are marketable securities - a.k.a the shares/ownership and mostly the PNPN shares. They need to sell them which I don't think they will do.  

[Margin321]

Good points for sure monkeyhere 171. The 13 million PNPN shares are not frozen for the next year. And PNPN share price does not depend on a turnaround in the lithium market.  And those shares are not the main PNPN asset that CRE holds.  They have 20% of NISK whick includes the Nickel operation that is advancing. And 20% of the polymetallic deposit which is truly exciting. And they are

[Bismuth08]

Difficile de prdire l'avenir mais quand je regarde le present pour le secteur du lithium ce n'est pas beau. Pourront -ils tenir plusieurs annes avec 15 ou 25 millions sans avoir a dilluer encore plus l'actionnariat de la CRE? Comme ca risque d'etre difficile pour encore quelques mois ou quelques annes ( 2030 ) on espre qu'ils seront raisonnables dans leurs difficiles prises de