Download PDF VersionJune 17, 2024 – Montreal, Quebec – Critical Elements Lithium Corporation (the “Corporation” or “Critical Elements”) (TSX.V: CRE) (US OTCQX: CRECF) (FSE: F12) is pleased to announce that at its Annual shareholders meeting (the “Meeting”) held on June 17, 2024, shareholders of the Corporation approved all the resolutions, as follows:
- Election of Jean-Sébastien Lavallée, Steffen Haber, Eric Zaunscherb, Marc Simpson, Matthew Lauriston Starnes, Marcus Brune, Ani Markova, Maysa Habelrih and Vanessa Laplante as directors;
- Appointment of KPMG LLP as auditors;
- Adoption of the Corporation’s equity incentive compensation plan (the “Omnibus Plan”).
The total number of common shares represented by shareholders in person and by proxy at the Meeting was 56,999,688, representing 26.17% of the Corporation’s outstanding common shares.
Detailed results of the vote on the election of directors of Meeting are given below:
| Votes for | % for | Votes against | % against | |
|---|---|---|---|---|
| Jean-Sébastien Lavallée | 53,309,611 | 99,25 % | 403 370 | 0,75 % |
| Steffen Haber | 53,309,908 | 99,25 % | 403 073 | 0,75 % |
| Eric Zaunscherb | 49,626,023 | 92,39 % | 4 086 958 | 7,61 % |
| Marc Simpson | 53,298,308 | 99,23 % | 414 673 | 0,77 % |
| Matthew Lauriston Starnes | 53,212,948 | 99,07 % | 500 033 | 0,93 % |
| Marcus Brune | 53,309,298 | 99,25 % | 403 683 | 0,75 % |
| Ani Markova | 53,238,491 | 99,12 % | 474 490 | 0,88 % |
| Maysa Habelrih | 53,290,235 | 99,21 % | 422 746 | 0,79 % |
| Vanessa Laplante | 53,241,857 | 99,12 % | 471 123 | 0,88 % |
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-Tantalum project in Québec, the Corporation’s first lithium project to be advanced within a land portfolio of over 1,050 km2. 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. 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, 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.
For further information, please contact:
Jean-Sébastien Lavallée, P. Géo.
Chief Executive Officer
819-354-5146
www.cecorp.ca
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