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Critical Elements Corp.
Summary
| Project: | Rose | |
|---|---|---|
| Deposit: | Rose | |
| Location: | Canada | |
| Commodities: | Lithium-Tantalum | |
| Date: | 9/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-9-2017: Critical Elements Corp. announces a Feasibility Study report for its Rose deposit at the Rose project. Feasibility study results incl. pre-tax NPV (8%) of $1.257B, IRR of 48.2%. SEPTEMBER 6, 2017 - MONTREAL, QUEBEC – Critical Elements Corporatio | |
| Resources: | (Reserve, Prob.): 26.8Mt @ 0.85% Li2O, 133pm Ta2O5 | |
| CP/QP: | [Resources]: Pierre-Luc Richard (InnovExplo Inc.) | |
| ABSTRACT: | SEPTEMBER 6, 2017 - MONTREAL, QUEBEC – Critical Elements Corporation (the “Company” or “Critical Elements”) (TSX-V: CRE) (US OTCQX: CRECF) (FSE: F12) is pleased to announce results of a Feasibility Study on the Rose Lithium-Tantalum project (“Rose” or the “Project”) in James Bay, Québec. Unless otherwise stated, all figures are quoted in Canadian dollars (“$”) and are reported on a 100% equity project basis. "The feasibility study is a major milestone for Critical Elements, which explains our superior competitive situation. The excellent gross margin is a key indicator for the quality of this project," said Dr. Steffen Haber, President of Critical Elements Corporation. "I’m very pleased with the delivery and the results of the most important milestone of Critical Elements to date," said Jean-Sébastien Lavallée, CEO and Chairman of the Board. "I would like to thank the joint effort of our team to deliver a very strong feasibility study that shows a very solid project." The Rose Lithium-Tantalum Project is 100% owned by Critical Elements. The company’s market strategy is to enter the lithium market with a low-risk approach. The completion of the feasibility on the spodumene plant is the first step to enter the market and establish the company as a reliable high quality lithium supplier. The low-risk approach is characterised by simple open-pit mining and conventional lithium processing technologies. | |
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