Yahoo Finance will soon be upgrading our Conversations message board platform to provide a better experience for our users. Only comments published since April 21, 2021 will be visible on Yahoo Finance after the upgrade. If you wish to download and save any of your older comments, please submit a request via the Privacy Dashboard by no later than Aug. 15, 2022.
https://www.theassay.com/articles/in-discussion/canada-truly-a-land-of-opportunity/
July 27, 2022 - MONTRÉAL, QUÉBEC – Critical Elements Lithium Corporation (TSX-V: CRE) (US OTCQX:
CRECF) (FSE: F12) ("Critical Elements" or the "Corporation") is pleased to announce the filing on
SEDAR of a National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”)
compliant technical report representing the qualifying report for the recently-announced Feasibility Study
at the Rose Lithium-Tantalum Project located in James Bay, Québec. For more information, please refer
to Critical Elements’ press release dated June 13, 2022. Highlights of the Feasibility Study are as follows:
Highlights
sAverage production, Year 2 to Year 16 of 173,317 tonnes of chemical grade 5.5% spodumene
concentrate;
Average production, Year 2 to Year 16 of 51,369 tonnes of technical grade 6.0% spodumene
concentrate;
Average production, Year 2 to Year 16 of 441 tonnes of tantalum concentrate
Expected life of mine of 17 years;
Average operating costs of US$74.48 per tonne milled, US$540 per tonne of concentrate (all
concentrate production combined);
Estimated initial capital cost US$357 million before working capital;
100% equity basis for project;
Average gross margin of 68.3%;
After-tax NPV of US$1,915 million (at 8% discount rate), after-tax IRR of 82.4% and average
price assumptions of US$4,039 per tonne technical grade lithium concentrate, US$1,852 per
tonne chemical grade lithium concentrate, US$130 per kg tantalum pentoxide (Ta2O5); and
Anticipated construction time to start of production of 21 months.
The last document on file for HQ's project was their answers to questions, filed on 16 May 2019. The last document on file for CRE's mine is 20 Dec 2021, and again this is their answers to questions. Hopefully like you say we'll have positive decisions flow out of the July meeting.
https://comexqc.ca/en/
https://www.reuters.com/technology/belgiums-umicore-plans-c15-bln-battery-materials-plant-canadas-ontario-2022-07-13/
https://www.batterymaterialsreview.com/ourblogs/what-is-the-equity-market-getting-wrong-about-lithium/
-- valuations don't include further potential upside of Phase 2, conversion plant
-- Unlike most companies, CRE reports "recovered grade", so as Rodney Hooper says "....92% LiO2 is comparable to 1.04% of head grade reported by peers."
-- current stock (market cap of 305 Million) value is only 16% of the company's Net Present Value of $1.9 Billion