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Critical Elements Lithium’s New Discovery
Critical Elements Lithium (CRE.V) has announced a high-grade discovery within the Rose Project. The new technical team, led by Yves Perron, brings extensive knowledge and expertise to the engineering process. This new study replaces the Feasibility Study announced on June 13, 2022. Notable changes include increased indexation of industrial construction prices, additional process equipment for operational reliability, and the construction of a 500-worker camp 4 km from the mine site.
Jean-Sébastien Lavallée, CEO of the Corporation, expressed satisfaction with the results of the new Definitive Feasibility Study at Rose. The study reaffirms the substantial value of Rose amidst higher input costs and the decision to build a 500-worker camp. Lavallée thanked the engineers, management team, local stakeholders, and shareholders for their continuous support.
The Rose Lithium-Tantalum Project is 100%-owned by Critical Elements. The Corporation aims to enter the lithium market with a low-risk approach. The completion of the Feasibility Study on the spodumene plant is the first step to establish the Corporation as a reliable high-quality lithium supplier. The low-risk approach is characterized by simple open-pit mining and conventional lithium processing technologies.
The Rose property is located in northern Québec’s administrative region, on the territory of Eeyou Istchee James Bay. It is located on Category III land, on the Traditional Lands of the Eastmain Community, approximately 40 km north of the Cree village of Nemaska.
The Project infrastructure includes site main access, services and haulage roads, explosive and detonator storage, a spodumene processing plant, a maintenance facility, a warehouse, diesel and gasoline storage, ore stockpile, waste rock and dry tailings co-disposal stockpile, overburden stockpile, main electrical substation and distribution, fresh and potable water supply, sewage, surface water management, final effluent treatment, communication system, gate house, and an administrative building. A camp complex will be built near the junction between the site access and Eastmain 1 road.
Critical Elements aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage system industries. To this end, Critical Elements is advancing the wholly-owned, high-purity Rose lithium project in Québec, the Corporation’s first lithium project to be advanced within a land portfolio of over 1,050 km.
Company Website: https://www.cecorp.ca
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