Critical Elements Grants Stock Options, RSUs and DSUs

Critical Elements Grants Stock Options, RSUs and DSUs

Critical Elements Lithium Corporation (TSXV:CRE)(OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation")is announcing the grant of stock options and restricted share units ("RSUs") to management as part of a short and long-term incentive program as determined by the Board, and deferred share units ("DSUs") to the independent directors in accordance with the Corporation's Omnibus Equity Incentive Plan adopted at the last annual and special meeting of shareholders

The Board has approved the grant of an aggregate of 279,475 RSUs, 78,603 DSUs, and 504,332 stock options to the independent directors and management of the Corporation. The Omnibus Equity Incentive Plan's objective is to create an incentive compensation program that is aligned with the Corporation's long-term objectives.

Each vested RSU and DSU can be redeemed for one fully paid and non-assessable common share of Critical Elements issued from treasury. The number of RSUs and DSUs granted was calculated based on the compensation that is to be paid to the management or directors, as determined by the Board, by dividing (i) the amount of any compensation that is to be paid in RSUs/DSUs by (ii) the closing market price of Critical Elements' common shares on the TSX Venture Exchange as at November 7, 2022.

For management, 104,803 RSUs granted will vest one year following their date of grant in common shares of the Corporation and 174,672 RSUs will vest in four equal tranches starting one year from their date of grant.

Stock options to independent directors and management were granted with a 5-year term with an exercise price of $2.29 per common share, which represents the closing market price of Critical Elements' common shares on the TSX Venture Exchange as at November 7, 2022.

In accordance with the Omnibus Equity Incentive Plan, where a participant's employment, consulting agreement or arrangement is terminated or the participant ceases to hold office or his or her position (the "Termination Date"), as applicable, then any stock option, RSUs or DSUs held by the participant that has not been exercised as of the Termination Date shall be immediately forfeited and cancelled as of the Termination Date.

About Critical Elements Lithium Corporation

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 700 square kilometers. On June 13th, 2022, the Corporation announced results of a feasibility study on Rose for the production of spodumene concentrate. The after-tax internal rate of return for the Project is estimated at 82.4%, with an estimated after-tax net present value of US$1.9 B at an 8% discount rate. In the Corporation's view, Québec is strategically well-positioned for US and EU markets and boasts good infrastructure including a low-cost, low-carbon power grid featuring 93% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government and also received the Certificate of Authorization pursuant to section 164 of Quebec's Environment Quality Act from the Quebec Minister of the Environment, the Fight against Climate Change, Wildlife and Parcs.

For further information, please contact:

Patrick Laperrière
Director of Investor Relations and Corporate Development
514-817-1119
plaperriere@cecorp.ca
www.cecorp.ca

Jean-Sébastien Lavallée, P. Géo.
Chief Executive Officer
819-354-5146
jslavallee@cecorp.ca
www.cecorp.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is described in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary statement concerning forward-looking statements

This news release contains "forward-looking information" within the meaning of Canadian Securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "scheduled", "anticipates", "expects" or "does not expect", "is expected", "scheduled", "targeted", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Although Critical Elements has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking information include, but are not limited to: Critical Elements' ability to secure sufficient financing to advance and complete the Rose Project, uncertainties associated with the Corporation's resource and reserve estimates, uncertainties regarding global supply and demand for lithium and tantalum and market and sales prices, uncertainties associated with securing off-take agreements and customer contracts, uncertainties with respect to social, community and environmental impacts, uncertainties with respect to optimization opportunities for the Rose Project, as well as those risk factors set out in the Corporation's Management Discussion and Analysis for its most recent quarter ended May 31, 2022 and other disclosure documents available under the Corporation's SEDAR profile. Forward-looking information contained herein is made as of the date of this news release and Critical Elements disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

SOURCE: Critical Elements Lithium Corporation



View source version on accesswire.com:
https://www.accesswire.com/724637/Critical-Elements-Grants-Stock-Options-RSUs-and-DSUs

News Provided by ACCESSWIRE via QuoteMedia

CRE:CA
The Conversation (0)
Critical Elements Lithium Obtains Transport Canada Dewatering Exemption Necessary for The Development of The Rose Lithium-Tantalum Project

Critical Elements Lithium Obtains Transport Canada Dewatering Exemption Necessary for The Development of The Rose Lithium-Tantalum Project

Critical Elements Lithium Corporation (TSX-V:CRE)(OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to announce having obtained an order from the Minister of Transport of Canada (the "Order") exempting the Corporation from the prohibition to dewater navigable waters under the Canadian Navigable Waters Act ("CNWA") impacting 28 navigable waters located either on top of or around the perimeter of the future open pit mine site for the Rose Lithium-Tantalum project

Indeed, Subsection 23(1) of the CNWA prohibits taking any action, such as dewatering, that lowers the water level of a navigable water or any part of a navigable water to a level that extinguishes navigation for vessels, unless the Minister of Transport receives an application for an exemption and the Governor in Council is satisfied that it would be in the public interest to permit the dewatering that extinguishes navigation. Following a detailed review and analysis of the Corporation's request, Transport Canada concluded that it would be in the public interest to permit the dewatering, thereby reducing water levels in the 28 navigable waters and making navigation impracticable. As a result, an exemption was granted to the Corporation pursuant to subsection 24(1) of the CNWA.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Critical Elements Lithium Announces New High-grade Discovery within the Rose Project with Promising Grades of up to 5.62% Li2O

Critical Elements Lithium Announces New High-grade Discovery within the Rose Project with Promising Grades of up to 5.62% Li2O

Critical Elements Lithium Corporation (TSX-V:CRE)(OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to announce the first grab sample results from the newly discovered spodumene-bearing pegmatite located approximately 8 km west of the Rose deposit (Figure 1

The Rose Lithium-Tantalum project ("Rose or the "Project") is situated within the Rose and Rose South property blocks (Figure 1), which constitute 395 km2, or only 38% of the 1,050 km2 in the Corporation's highly prospective exploration portfolio in Québec.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Critical Elements Lithium Orders First Long Lead Equipment for the Rose Lithium-Tantalum Project

Critical Elements Lithium Orders First Long Lead Equipment for the Rose Lithium-Tantalum Project

Critical Elements Lithium Corporation (TSX-V:CRE)(US OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to announce that it has ordered the equipment with the longest lead time to manufacture, namely transformers (315 kV to 25kV) for the main power station of the Rose Lithium-Tantalum project (the "Project"). The order was concluded with one of the leaders in the design and construction of industrial transformers, the Italian company Tamini Trasformatori Srl

In order to meet the electrical energy needs of the Project, the Corporation will install two electrical transformers with a ventilation stage during the construction period. The two transformers will operate simultaneously to supply the site and the operating processing plant. A single transformer will be able to support all loads in the event of failure of one of the two transformers.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Critical Elements Lithium Obtain Its Mining Lease for The Rose Lithium-Tantalum Project

Critical Elements Lithium Obtain Its Mining Lease for The Rose Lithium-Tantalum Project

Critical Elements Lithium Corporation (TSX-V:CRE)(OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to announce that it has entered into a mining lease with the Québec Minister of Natural Resources and Forests for the Rose Lithium-Tantalum project. The mining lease is granted under the Québec Mining Act and gives the holder the right to mine mineral substances for the Rose Lithium-Tantalum project. The mining lease is granted for a period of 20 years

Jean-Sébastien Lavallée, Corporation's CEO commented: "Today's news represents one of the final steps towards the development of the Rose Lithium-Tantalum project. As of today, we can say that the regulatory process is for the most part behind us."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Critical Elements Lithium increases its confidence in Rose Project Growth as New Discoveries Expand Known Pegmatite Swarm

Critical Elements Lithium increases its confidence in Rose Project Growth as New Discoveries Expand Known Pegmatite Swarm

Critical Elements Lithium Corporation (TSXV:CRE) (US OTCQX:CRECF) (FSE:F12) ("Critical Elements" or the "Corporation") is pleased to announce that, since the restart of exploration work on the Rose Lithium-Tantalum Project ("Rose" or "Project"), located in the Eeyou Istchee-James Bay region of Quebec, field crews have successfully discovered several new spodumene-bearing pegmatite outcrops

As outlined in the news release dated September 5, 2023, Critical Elements has recommenced ground exploration focused on defining drill targets for a significant fall and winter drill program. Multiple rigs will be deployed to drill-test new targets. The Rose project is situated within the Rose and Rose South claim blocks (Figure 1), which constitute 395 km2, or only 38 % of the 1,050 km2 in the Corporation's highly prospective exploration portfolio in Québec. It is important to note that the Rose project mineral resource estimate is based largely on drilling that concluded in 2016 as management focused on delivering technical studies and advancing permitting at that time.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
E-Power Resources Inc. Announces Flow-Through and Hard Dollar Private Placements to Fund Summer Work Program

E-Power Resources Inc. Announces Flow-Through and Hard Dollar Private Placements to Fund Summer Work Program

E-Power Resources Inc (CSE: EPR) (FSE: 8RO) ("E-Power" or the "Company") announces its intention to complete a flow-through non-brokered private placement to raise gross proceeds of up to $150,000 (the "FT Offering"). The Company will also complete a Hard Dollar Private Placement to raise gross proceeds of up to $50,000 (the "Hard Dollar Offering").

Securities to be issued pursuant to the FT Offering shall consist of an amount of up to 3,000,000 units of the Company (the "FT Units") issued at a price of $0.05 per FT Unit, each FT Unit being comprised of one common share in the capital of the Company (each a "FT Share") that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)), and one-half Warrant, each Warrant entitling its holder thereof to acquire one Share at a price of $0.10 per Share for a period of 5 years from the closing date of the FT Offering.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
E-Power Starts the 2025 Exploration Campaign at Tetepisca

E-Power Starts the 2025 Exploration Campaign at Tetepisca

E-Power Resources Inc. (CSE: EPR) (FSE: 8RO) ("E-Power" or the "Company") is pleased to announce the start of the 2025 exploration program on the Tetepisca Flake Graphite Property located approximately 220 kilometres north of the Port of Baie Comeau in the North Shore Region of Quebec.

Phase 1 of the 2025 exploration program will focus on Graphi-Centre, the highest priority target area on the Tetepisca Property and on the northern claims where prospecting and sampling during the 2024 exploration program resulted in several high grade graphite discoveries.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Western Uranium & Vanadium Announces CAD $5,000,000 Bought Deal Financing

Western Uranium & Vanadium Announces CAD $5,000,000 Bought Deal Financing

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (" Western " or the " Company ") is pleased to announce that it plans to enter into an agreement with A.G.P. Canada Investments ULC (" A.G.P. Canada ") to act as sole underwriter and bookrunner for the Company in connection with a bought deal private placement financing of 5,882,374 units (each, a " Unit ") at a price of CAD $0.85 per Unit for aggregate gross proceeds of approximately CAD $5,000,000(the " Offering ").  Each Unit to be placed in the Offering is expected to be comprised of one common share and one common share purchase warrant, with each warrant being exercisable into one common share of the Company at a price of CAD $1.05 per share for a period of four (4) years from the date of issuance. A.G.P.Alliance Global Partners plans to act as sole U.S. placement agent for the Offering. It is currently anticipated that the Offering will close on or about Friday, June 13, 2025, or such other date as agreed to by the Company and A.G.P. Canada.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Brunswick Exploration Once More Outlines a New, Major Dyke at Mirage

Brunswick Exploration Once More Outlines a New, Major Dyke at Mirage

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to report a further six drill results from the Winter 2025 program at its Mirage Project. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec, approximately 40 kilometres south of the Trans-Taïga Road. This press release focuses primarily on drilling completed north and east of the MR-6 dyke and, in the neighboring, "Stacked Dyke" area, where BRW continues to intersect dozens of well-mineralized spodumene-bearing pegmatites.

Highlights include:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Ucore Announces Books Closed on C$15.5 Million LIFE Offering and Full Exercise of Agents' Option

Ucore Announces Books Closed on C$15.5 Million LIFE Offering and Full Exercise of Agents' Option

Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that, further to its news release dated June 9, 2025, the order book for the Company's previously announced upsized private placement (the "Offering"), is closed with orders totaling C$15.5 million. The Offering is over-subscribed and includes the full exercise of the agents' option. Although orders in excess of C$15.5 million were received in connection with the Offering, in keeping with the previously announced upsize, the Company and agents have elected to limit the order book to a total amount of C$15.5 million.

Red Cloud Securities Inc., as lead agent and sole bookrunner, together with Raymond James Ltd., are acting as agents in connection with the Offering, which was originally announced for aggregate gross proceeds of up to C$10.0 million on June 3, 2025 and then subsequently upsized due to strong investor demand.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Ucore Announces Upsize to the Brokered LIFE Offering for Gross Proceeds of up to C$14.0 Million

Ucore Announces Upsize to the Brokered LIFE Offering for Gross Proceeds of up to C$14.0 Million

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES /

Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (" Ucore " or the " Company ") is pleased to announce that, as a result of strong investor demand, the Company has increased the size of its previously announced "best efforts" private placement (the " Marketed Offering ") from aggregate gross proceeds of up to C$10.0 million to aggregate gross proceeds of up to C$14.0 million . The upsized Marketed Offering is comprised of the sale of up to 11,666,667 units of the Company (the " Units ") at a price of C$1.20 per Unit (the " Offering Price "). Each Unit will consist of one common share in the capital of the Company (a " Common Share ") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a " Warrant "). Each Warrant will entitle the holder thereof to purchase one Common Share (a " Warrant Share ") at any time on or before the date which is 36 months following the Closing Date (as herein defined) at an exercise price of C$1.75 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×