Critical Elements Lithium Corp V.CRE

PMET PEA pricing

[Wasisname]

On August 21, Patriot released results of a PEA on their flagship Shaakichiuwaanaan project, formerly known as Corvette, in Quebec using an assumed average lithium price of US$1,375 per tonne (SC5.5, FOB Bcancour basis) or US$1,500 per tonne (SC6, FOB Bcancour basis). That’s well above current prices but well below CRE’s LOM assumptions.

[Bobbyjohnson]

At the time the lithium prices were sky high, people were complaining a lot about how low what the price deck used by management.  The management modified their price deck to put it a bit higher than they used to. Today as the price collapsed, I believe this is quite normal that our price deck seems a bit high. Sure thing, management seems generally optimistic about the future price