Critical Elements: The Rose Deposit is One of the Largest Resources of “Conflict Free” Tantalum, With a New Indicated Resource of 26,500,000 Tonnes at 1.30% Li2O Eq or 0.98% Li2O, 163 ppm Ta2O5

Critical Elements Corporation (TSXV:CRE)  reports an update to the independent resource estimate for its Rose deposit, James Bay, Quebec.

The press release is quoted as saying:

The Rose deposit now consists of 26,500,000 tonnes of indicated resources containing 1.30% Li₂O Equivalent (Eq) or 0.98% Li₂O (259,700 tonnes of Li₂O or 642,238 tonnes of Li₂CO₃ Eq), 163 ppm of Ta₂O₅ (9,514,317 pounds of Ta₂O₅) and 10,700,000 tonnes of inferred resources containing 1.14% Li₂O Equivalent (Eq) or 0.86% Li₂O (92,020 tonnes of Li₂O or 227,565 tonnes of Li₂CO₃ Eq), 145 ppm Ta₂O₅ (3,417,400 pounds of Ta₂O₅). The resource was compiled using a cut-off grade of 41$/t for the open pit model and 66$/t for the underground model (taking Li and Ta recovery into consideration) based on the current estimation of the resource and market conditions. The NI-43-101 compliant technical report will be available on SEDAR within the next 45 calendar days.

Critical Elements’ President and CEO, Jean- Sébastien Lavallée says:

“With an indicated resource of 642,238 tonnes of lithium carbonate and 9,514,317 pounds “Conflict Free” of Ta₂O₅, Critical Elements have now the potential to become a major player at the global scale of supply of strategic elements. There is an excellent potential to increase the size of the deposit at Rose itself and at the nearby additional showings on the Rose property, considerably and quickly”

Click here to access the entire news release.

Click here to access Critical Elements’ company profile.(TSXV:CRE)