- Rose is one of the highest purity hard rock spodumene deposits with low iron and mica content, and is expected to produce battery-quality lithium hydroxide
- The company received the Certificate of Authorization for the Rose Lithium-Tantalum project from the Quebec Minister of the Environment, the Fight against Climate Change, Wildlife and Parcs.
- The company also received an approval of rehabilitation and restoration plan for Rose from Quebec Minister of Energy and Natural Resources
- Critical Elements announced a positive feasibility study for the Rose Lithium Project Generating an after-tax NPV of US$1,915 million (at an 8 percent discount rate) and an after-tax IRR of 82.4 percent
- An aggressive exploration program of up to 25,000 meters consists of 10,000 meters for the expansion of the Rose Lithium-Tantalum deposit, a well-positioned, wholly owning over 850 km² of prospective lands hosting one of the highest purity spodumene deposits globally.
- The Rose Lithium Project is located in a premier mining jurisdiction in Quebec, with access to a power line on site tapping into the province’s low carbon – 93 percent hydroelectricity – and low-cost grid.
- Completion of an engineering study for a lithium hydroxide monohydrate plant based on a yearly production of 30,670 tonnes of high-quality battery grade lithium hydroxide monohydrate from 220,587 tonnes of spodumene concentrate.
Critical Elements Lithium Corporation's (TSXV:CRE,OTCQX:CRECF,FWB:F12) vision is to be a large, responsible supplier of lithium hydroxide to the emerging electric vehicle and energy storage industries. The company is well-positioned, wholly owning over 850 km² of prospective lands hosting one of the highest purity spodumene deposits globally. This deposit is in Quebec, one of the company's premier mining investment jurisdictions. The company aspires to achieve its goals with a minimal environmental footprint by drawing electricity from Quebec's established low-carbon power grid and in cooperation with the Cree Nation communities, with whom relationships have been formalized.
The Rose lithium-tantalum deposit, a high-purity lithium deposit, can supply multiple lithium markets because of its unique purity with low iron oxide and mica content. The Rose lithium-tantalum deposit has an updated NI 43-101 resource estimate that outlines an indicated resource of 31.9 million tonnes grading 1.04 percent lithium oxide equivalent or 0.93 percent lithium oxide and 148 ppm of tantalum pentoxide, with an inferred resource of 2.8 million tonnes grading 0.92 percent lithium oxide equivalent or 0.82 percent lithium oxide and 145 ppm of tantalum pentoxide. Positive feasibility study also showed 17 years of mine life with an average production of 173,317 tonnes of chemical grade 5.5 percent spodumene concentrate; 51,369 tonnes of technical grade 6.0 percent spodumene concentrate; and 441 tonnes of tantalum concentrate from year two up to year 16.