Lavallée on Critical Elements’ “game-changing” strategic partner — a global chemical company
September 29, 2015 — Tracy Weslosky, Publisher of InvestorIntel interviews Jean-Sébastien Lavallée, President and CEO of Critical Elements Corporation (TSXV: CRE | OTCQX: CRECF) to discuss the company’s excellent stock performance as a result of recently signing with a new strategic partner and why this is a “game changer” for the company. They also discuss the Rose lithium-tantalum project and what makes it so competitive, the timeline for completion on the Feasibility Study and the recent positive optimization metallurgical test results from its flagship Rose property.
Tracy Weslosky: I’d like to start by congratulating you. Your stock is literally flying ever since you announced the news of this new strategic partner. Can you tell our audience more about this?
Jean-Sébastien Lavallée: So this agreement with the strategic partner is a game changer for Critical Elements because we have three main points in this agreement. First is technical support where the partner will help us to develop all the facilities, study and the project from beginning to the production. This is very important in that chemical area because you need this expertise. The second point, we have an agreement that included a take or pay off-take agreement for all the material produced by the mine. No other lithium or other rare earth or graphite company have this kind of strong agreement. It just shows how strong is our partner because a take or pay deal is a guarantee that they will pay for the material if they don’t take it so they will take it or they will pay for it. It’s very important. The third point and major point of the agreement, they have an option to participate for the project financing. The investor is always asking how you will finance this project. We now have a partner that can help to finance the project.
Tracy Weslosky: Okay. If I understand correctly, this is quite large news and helps support why your stock is moving so rapidly? You have a partner that is basically an end-user for you as well. Of course, anyone who’s read the news release knows that you have not revealed who that partner is yet. It must be a large partner because they can help you with the financing or participate. Is that correct?
Jean-Sébastien Lavallée: Yeah. The agreement shows how large the partner is. We can’t say who the partner is, but it is a leading chemical company that is based all around the world with strong financial. Yes, it’s a major step for us.
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Tracy Weslosky: Okay. For those of you out there going, ‘wow, this sounds very interesting?’ — I’m going to back you up a bit, and can you give our audience an overview on who is Critical Elements Corporation?
Jean-Sébastien Lavallée: Critical Elements is an emerging company. We are developing a lithium-tantalum deposit based north of Québec in James Bay. We will produce different product. This is something that attracted our partner because we will produce lithium spodumine for glass industry. We will produce lithium carbonate for the battery market and we will produce tantalum for the capacitor market…to access the complete interview, click here
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