Critical Elements aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage system industries
Critical Elements Lithium is advancing the wholly owned, high-purity Rose Lithium-Tantalum project in Québec , the Corporation’s first lithium project to be advanced within a land portfolio of over 1,050 km2. Rose is also most advanced hard rock lithium projects and only North American lithium projects with environmental authorization.
Environmental Authorization
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.
Critical Elements Lithium 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, and the project mining lease from the Québec Minister of Natural Resources and Forests under the Québec Mining Act.
Feasibility Study on Rose for the production of spodumene concentrate
On August 29, 2023, the Corporation announced results of a new Feasibility Study on Rose for the production of spodumene concentrate. The after-tax internal rate of return for the Project is estimated at 65.7%, with an estimated after-tax net present value of US$2.2B 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.
Sustainable Green Energy Solutions
Our Mission
Be a large-scale, sustainable and reliable vertically integrated supplier of lithium for the emerging electric vehicle and energy storage industries through valuable partnerships with our stakeholders based on care, respect, accountability, integrity & collaboration.
OUR VISION
To be a global leading low-cost lithium producer aiming to positively contribute to global decarbonization and an employer of choice, trusted partner for the communities and governments where we operate, as well as investors, customers, and suppliers.
Our Strategy
- Successfully permit, develop and operate the Rose Lithium-Tantalum Project, high purity spodumene deposit located in Eeyou Istchee, Quebec, Canada.
- Continue to unlock value through active exploration of a land package of over 1,050 square kilometers.
- Achieve this vision with minimal environmental impact, including leveraging low carbon electricity available through Québec’s established power grid, and in cooperation with the Cree Nation of Eastmain and other local Cree Nations communities, with whom relationships have been formalized.