Critical Elements’ Rose Lithium Tantalum Project at advanced state — plus 8.
Historically lithium as a product never really inspired investor’s imagination as maybe it was linked to psychiatric drug medication. Now its real attraction is in applications linked to lithium-ion batteries. Lithium has long been used for various applications, primarily in the glass and ceramics industries. The metal has now moved to a new level of interest in recent times with the demand for lightweight batteries in portable and mobile devices and even more recently the massive upsurge in the electric vehicle industry. Emerging as a critically important resource, lithium is expected to see unprecedented demand in the near future.
Critical Elements Corp. (TSXV: CRE | OTCQX: CRECF) is a Canadian junior mining company currently developing its flagship project, the Rose Lithium-Tantalum Project located in James Bay, Northern Quebec, Canada. The 100% owned lithium spodumene project is planned to be a conventional truck and shovel open pit operation with a conventional mill operation. The mill will process 1.61 m tonnes of ore per year to produce an annual average of 236,532 tonnes of technical and chemical grade spodumene concentrates and 429 tonnes of tantalite concentrate. The average operating cost per tonne milled will be C$66.56 per tonne (US$344 per tonne of spodumene concentrate) with a mine life expected to be 17 years with a possibility of future underground operations. The September 2017 Feasibility Study resulted in a post-tax NPV8% of C$726 million, and a post-tax IRR of 34.9%, and an estimated CapEx of C$341.2 million.
The Rose Project is at quite an advanced stage and is seeking project and funding partners.
Critical Elements 8 other projects
The Nisk Property is composed of one block totaling 105 claims covering an area of 5,380.62 hectares and a length of over 20 km. The Nisk project offers strong lithium potential in a well-established area. The property is also currently known for its magmatic nickel-copper sulfide deposits associated with ultramafic intrusion potential. Nisk has the Nisk-1 Ni-Cu-PGE deposit.
The Arques Project offers strong lithium potential in a well-established area. Composed of one block totaling 127 claims it covers an area of 6,362 hectares. There is also potential for rare earth elements (REE) such as niobium (Nb) and tantalum (Ta).
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The Bourier Property covers a large part of the regional volcano-sedimentary unit. It covers an area of 11,579 ha for some 30 km in length with a total of 228 claims with strong lithium potential in a well-established area. Soil samples taken over an 8 km strike length of this horizon returned anomalous values for Ni, Cu, Zn and Pb.
The Caumont Property is made of four non-adjacent claim blocks totaling 105 claims spread over 42 km, covering an area of 5,610.70 ha. The Caumont project also offers strong lithium potential, with the property also being recognized for its magmatic nickel (Ni), copper (Cu) and platinum group elements (PGE) potential. Some areas of the property show potential for gold mineralization – with findings of 4.34 g/t Au.
The Dumulon Property consists of 49 contiguous cells, covering a total area of 2,579.57 ha. Also offering strong lithium potential, and potential for zinc, lead and gold. Three grab samples have returned gold values of 0.19 g/t, 0.25 g/t and 0.29 g/t Au.
The Duval Property is currently recognized for its magmatic nickel (Ni), copper (Cu) and platinum group elements (PGE) potential and covers a total area of 2,458.92 hectares consisting of 46 claims.
The Lemare Property is composed of one block totaling 165 claims covering an area of 7,806.82 ha for over 20 km in length. Several areas of the property show potential for gold, copper, nickel, and PGE mineralization. It is contiguous to the Nisk property on its North West border. The Company holds a 25% interest, as the balance is optioned to Lepidico.
The Valiquette Property also has strong lithium potential in an area covering 5,563.07 ha with 104 claims. Also recognized for its magmatic nickel (Ni), copper (Cu), platinum group elements (PGE), and gold potential. Historical results of surface sampling returned up to 1.75% Ni and 1.42% Cu (grab samples).
Critical Elements has a target price of CAD $1.75 indicating plenty of upside if they can continue to progress.
Critical Elements shows so much potential in not only its flagship project, the Rose Lithium-Tantalum Project, but also in 8 other early stage projects, in the mining friendly jurisdiction of James Bay, Northern Quebec, Canada. Keep a watch on Critical as with so much happening they are going to be kept busy keeping up with the demand in the lithium-ion battery space. The demand for “critical elements” only gets stronger each year.
Critical Elements Corp. is a Canadian based junior mining company and is headquartered in Montreal, Canada. Critical Elements has a market cap of CAD$111M.
Matthew Bohlsen holds a Graduate Diploma in Applied Finance and Investment (similar to CFA), and a Graduate Diploma in Financial Planning. He has 30 years ... <Read more about Matthew Bohlsen>