Critical Elements Lithium

Critical Elements Lithium is developing its high purity Rose spodumene lithium project in Quebec, Canada. A feasibility study outlines a 17 year mine life with average annual production of 173,000 tonnes lithium concentrate. Rose features a low strip ratio, simple conventional processing and excellent infrastructure. The project has received federal and provincial approval and is now moving into detailed engineering and financing, with a target for first production in 2025.

The Rose feasibility study estimates an after-tax NPV of $1.9 billion at an 8% discount rate and IRR of 82.4%, with initial capex of $357 million. The company is considering strategic partnerships and financing options to fund construction. Critical Elements recently launched a 25,000 metre drill program to expand resources at Rose and advance other regional targets within its extensive claims.

Critical Elements Lithium is led by a team with extensive expertise in lithium, including the former CEO and CFO of Rockwood Lithium. The company has signed an impact benefits agreement with the local Cree Nation community. With strong project fundamentals and progress towards development, Critical Elements aims to be a large, responsible lithium supplier supporting the EV revolution and energy transition.

The company is listed on the TSX Venture Exchange and has a tight capital structure. Upcoming catalysts include feasibility study updates, exploration results, project financing and the start of detailed engineering. Critical Elements provides exposure to an advanced lithium project in a top mining jurisdiction.