Since returning from a trip to Japan last June, Critical Elements’ senior management have been very busy with numerous initiatives to de-risk and bring added value to their Rose Lithium-Tantalum project in Quebec. Last week, the company strengthened its board of directors by adding Mr. Matthew Lauriston Starnes, an individual with an impressive background and experience in contract negotiations, legal and corporate governance. Also that week, CRE announced that it achieved a 99.98% battery grade lithium carbonate purity, which bodes well for potential buyers that are desperately searching for a long term supplier to meet the growing global lithium demand. Both pieces of news were well received by the markets and rewarded the company with a 52 week high of $0.31 on its stock price.
Management continues to deliver good news to investors. Today the company announced that its low-iron lithium concentrate has been successfully tested by ceramic and glass manufacturers overseas. This key news allows for a third revenue stream to stem from its commercialization plans.
A point worth mentioning to investors is that in just a few years, and on a thrifty ~$6 million budget, Critical Elements discovered, drilled, initiated environmental work, and signed a pre-development agreement with the Cree community of Eastmain, completed metallurgy work, and a Preliminary Economic Assessment (PEA). For a TSX Venture junior in the resource sector, this is a very rare and impressive feat.
With the latest positive results and de-risking initiatives, it’s no surprise Critical Elements continues to be invited back to Japan to meet with various end users that management expect will be key in funding the Company into production.
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- Arial Cobangbang
- Jeff Walker