Critical Elements Lithium Announces Appointment of Mr. Sébastien Perreault as Senior Director Mines, Storage Facilities and Camp

Critical Elements Lithium Announces Appointment of Mr. Sébastien Perreault as Senior Director Mines, Storage Facilities and Camp

Critical Elements Lithium Corporation (TSX-V:CRE)(OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to announce the appointment of Mr. Sébastien Perreault to the position of Senior Director Mines, Storage facilities and Camp

Mr. Sébastien Perreault holds a bachelor's and a master's degree in mining engineering from Université Laval in Quebec City. Mr. Perreault brings to the Company more than 25 years of experience in open-pit mining operations and mining project management both in Quebec and abroad. He has contributed to the successful start-up of several mining projects along with the establishment of operational teams at several mining companies, including Barrick, High River Gold, Sherritt, SEMAFO Inc. and IAMGOLD Corporation.

Jean-Sébastien Lavallée, P.Geo. the Company's Chief Executive Officer, said: "We are very pleased to welcome Sébastien Perreault to the position of Senior Director Mines, Storage facilities and Camp in our Rose lithium-tantalum project mine operation. Sébastien will be part of our growing project team. Sébastien has been a key player in the success of several mining projects. We are confident that his solid experience in the start-up and operation of open-pit mining projects will help us achieve our objectives and make our lithium-tantalum project a success."

It is important to note that Critical Elements' Rose project is one of the most advanced hard-rock lithium projects in North America. It has in place:

  • The Pikhuutaau Agreement, a complete Impact and Benefits Agreement for development, signed with the Cree governments in July 2019;
  • The favourable decision of the Federal Minister of Environment and Climate Change rendered in August 2021;
  • The approval by the Québec Minister of Natural Resources and Forests of the rehabilitation and restoration plan concerning the Project in May 2022; and
  • The receipt of the Certificate of Authorization pursuant to section 164 of Québec's Environment Quality Act from the Minister in November 2022.

The Corporation anticipates receipt of the Project's Mining Lease in the near future, which will be another important step closer to making a final investment decision for the Project.

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 1,050 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 94% 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 Québec's Environment Quality Act from the Québec Minister of the Environment, the Fight against Climate Change, Wildlife and Parks.

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 contained herein include, without limitation, statements relating to the permitting process. 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: the final outcome of the permitting process and the Corporation's ability to meet all conditions imposed thereunder, 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 most recent quarter ended Management Discussion and Analysis dated May 31, 2023 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/770129/Critical-Elements-Lithium-Announces-Appointment-of-Mr-Sbastien-Perreault-as-Senior-Director-Mines-Storage-Facilities-and-Camp

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
Albemarle Corporation to Release First Quarter 2025 Earnings Results on Wednesday, April 30, 2025

Albemarle Corporation to Release First Quarter 2025 Earnings Results on Wednesday, April 30, 2025

Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its first quarter 2025 earnings after the NYSE closes on Wednesday, April 30, 2025 .

Albemarle Corp. Logo. (PRNewsFoto/Albemarle Corporation)

The company will hold a conference call to discuss its first quarter 2025 results on Thursday, May 1 , at 8 a.m. ET . Access to the call is available via webcast or direct dial. A link to the webcast can be found through Albemarle Corporation's website at http://investors.albemarle.com . Direct dial numbers are provided below:

Participant Dial-in Numbers:  
U.S. & Canada Toll-Free: 1 (800) 590-8290
International: 1-240-690-8800
Conference ID: ALBQ1

Webcast Details:  
Event Title: Albemarle Q1 2025 Earnings Call
Event Date: May 1, 2025
Start Time: 8 a.m. ET

Attendee URL:
https://albemarle-q1-2025-earnings-call.open-exchange.net/

Replay Information:
A webcast replay will be available following the conclusion of the event through the News and Events page on Albemarle's website, http://investors.albemarle.com .

About Albemarle  
Albemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at Albemarle.com , LinkedIn and on X (formerly known as Twitter) @AlbemarleCorp .

Albemarle regularly posts information to www.albemarle.com , including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves.

Investor Relations Contact: +1 (980) 299-5700, invest@albemarle.com

Media Contact: Peter Smolowitz , +1 (980) 308-6310, media@albemarle.com

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/albemarle-corporation-to-release-first-quarter-2025-earnings-results-on-wednesday-april-30-2025-302418964.html

SOURCE Albemarle Corporation

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
ION Announces US$13.5M Joint Venture on Urgakh Naran, Corporate Updates and Update on Rare Earths Transaction

ION Announces US$13.5M Joint Venture on Urgakh Naran, Corporate Updates and Update on Rare Earths Transaction

Lithium ION Energy Limited (TSXV: ION) (FSE: ZA4) ("ION" or the "Company") is pleased to share that it has entered into a binding Joint Venture Agreement with SureFQ Ltd. ("SureFQ") for the advancement of the Urgakh Naran project in Mongolia, in which ION will continue to hold a 20% free carried interest through to commercial production.

Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×