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Critical Elements Lithium Corporation Advances Project

Critical Elements Lithium Corporation (TSX-V:CRE)(US OTCQX:CRECF)(FSE:F12) (CRE.V) has announced its order for long lead equipment for the Rose Lithium-Tantalum project. The order includes transformers (315 kV to 25kV) for the main power station. The Italian company Tamini Trasformatori Srl, a leader in industrial transformers, will fulfill the order.

Project’s Electrical Energy Needs

To meet the project’s energy needs, the Corporation will install two electrical transformers during construction. These transformers will supply the site and the operating processing plant. In case of a transformer failure, a single transformer can support all loads.

Reducing Greenhouse Gases

In a bid to reduce greenhouse gases and diesel generator use, the sub-station will support electrical energy with only one transformer at the end of construction.

CEO’s Statement

Jean-Sébastien Lavallée, CEO of the Corporation, sees this as a step towards reducing project schedule risks and advancing the Rose Lithium-Tantalum Project. The Corporation aims to make a final investment decision, commence construction, and achieve initial production in 2026.

About Critical Elements Lithium Corporation

Critical Elements aims to become a major lithium supplier for the growing electric vehicle and energy storage industries. The Corporation is advancing the Rose Lithium-Tantalum project in Québec, its first lithium project within a land portfolio of over 1,050 km. The project has received approval from various environmental and mining authorities.

Company Website: https://www.cecorp.ca

Source

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