Critical Elements Lithium Corporation Announces Receipt of Support Letter for up to US$115 Million From Leading Financial Institution
Critical Elements Lithium has received a support letter from a leading Canadian financial institution expressing interest in providing up to US$115 million (approximately C$150 million) in long-term project debt financing for the development of the Rose Lithium-Tantalum project in Québec.
The final terms and conditions, including pricing, will be subject to further due diligence and discussions between lenders, their advisors, and Critical Elements and its financial advisors. The company's CEO, Jean-Sébastien Lavallée, stated this marks an important step in advancing the project's financing package and confirmed continued interest from potential partners.
Critical Elements Lithium ha ricevuto una lettera di sostegno da un'importante istituzione finanziaria canadese che esprime interesse a fornire fino a 115 milioni di dollari USA (circa 150 milioni di dollari canadesi) in finanziamento a lungo termine per lo sviluppo del progetto Rose Lithium-Tantalum in Québec.
I termini e le condizioni finali, compreso il prezzo, saranno soggetti a ulteriori approfondimenti e discussioni tra i finanziatori, i loro consulenti, e Critical Elements e i suoi consulenti finanziari. Il CEO dell'azienda, Jean-Sébastien Lavallée, ha dichiarato che questo segna un passo importante nell'avanzamento del pacchetto di finanziamento del progetto e ha confermato il continuo interesse da parte di potenziali partner.
Critical Elements Lithium ha recibido una carta de apoyo de una importante institución financiera canadiense que expresa interés en proporcionar hasta 115 millones de dólares estadounidenses (aproximadamente 150 millones de dólares canadienses) en financiación a largo plazo para el desarrollo del proyecto Rose Lithium-Tantalum en Quebec.
Los términos y condiciones finales, incluido el precio, estarán sujetos a una mayor diligencia debida y discusiones entre los prestamistas, sus asesores y Critical Elements y sus asesores financieros. El CEO de la empresa, Jean-Sébastien Lavallée, declaró que este es un paso importante en el avance del paquete de financiación del proyecto y confirmó el interés continuo de posibles socios.
크리티컬 엘리먼츠 리튬은 캐나다의 주요 금융 기관으로부터 1억 1500만 달러(약 1억 5000만 캐나다 달러)의 장기 프로젝트 부채 금융을 제공하겠다는 의사를 나타내는 지원 서신을 받았습니다. 이는 로즈 리튬-탄탈럼 프로젝트의 개발을 위한 것입니다.
최종 조건과 조항, 가격을 포함한 모든 사항은 대출기관, 그들의 고문, 그리고 크리티컬 엘리먼츠 및 그 재정 고문 간의 추가 실사와 논의의 대상이 될 것입니다. 회사의 CEO인 장 세바스티앙 라발레는 이것이 프로젝트 금융 패키지를 진행하는 데 있어 중요한 단계라고 밝히며, 잠재적 파트너로부터의 지속적인 관심을 확인했습니다.
Critical Elements Lithium a reçu une lettre de soutien d'une importante institution financière canadienne exprimant son intérêt à fournir jusqu'à 115 millions de dollars US (environ 150 millions de dollars canadiens) en financement par emprunt à long terme pour le développement du projet Rose Lithium-Tantalum au Québec.
Les conditions et termes finaux, y compris le prix, seront soumis à des due diligences supplémentaires et à des discussions entre les prêteurs, leurs conseillers et Critical Elements ainsi que ses conseillers financiers. Le PDG de la société, Jean-Sébastien Lavallée, a déclaré que cela constitue une étape importante dans l'avancement du paquet de financement du projet et a confirmé l'intérêt continu de partenaires potentiels.
Critical Elements Lithium hat ein Unterstützungsschreiben von einer führenden kanadischen Finanzinstitution erhalten, die Interesse an der Bereitstellung von bis zu 115 Millionen US-Dollar (ca. 150 Millionen kanadische Dollar) an langfristigen Projektkrediten für die Entwicklung des Rose Lithium-Tantalum-Projekts in Québec geäußert hat.
Die endgültigen Bedingungen, einschließlich der Preisgestaltung, unterliegen weiteren Due-Diligence-Prüfungen und Gesprächen zwischen den Kreditgebern, deren Beratern sowie Critical Elements und seinen Finanzberatern. Der CEO des Unternehmens, Jean-Sébastien Lavallée, erklärte, dass dies einen wichtigen Schritt zur Fortschritt des Finanzierungspakets des Projekts darstellt und das fortdauernde Interesse potenzieller Partner bestätigt.
- Potential access to significant project financing of US$115 million
- Support from a major Canadian financial institution
- Progress in securing funding for Rose Lithium-Tantalum project development
- Financing terms and conditions not yet finalized
- Deal subject to further due diligence
MONTRÉAL, QC / ACCESS Newswire / February 10, 2025 / Critical Elements Lithium Corporation (TSX-V:CRE)(US OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") today announced receipt of a support letter from a leading Canadian financial institution stating its interest in providing long term debt financing of up to US
Jean-Sébastien Lavallée, Chief Executive Officer of Critical Elements, said, "We are very pleased with this additional indication of interest as it marks an important step towards advancing our financing package for the Rose Project. Management remains committed to securing an optimal outcome for the Rose Project's financing and development. Investors can be assured of a continued interest from potential partners, and that the Corporation believes that the process is progressing positively. We will update the market with new information, including potential additional financing indications of interest and other developments, and appreciate your continued support and patience as we work towards a mutually beneficial financing package and partnership."
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
For further information, please contact:
Jean-Sébastien Lavallée
Chief Executive Officer
819-354-5146
jslavallee@cecorp.ca
www.cecorp.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is described in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary statement concerning forward-looking information
This press release contains certain information that may constitute "forward-looking information" within the meaning of Canadian Securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "scheduled", "anticipates", "expects" or "does not expect", "is expected", "scheduled", "targeted", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward looking information includes, without limitation, statements relating to the ability to secure project financing, the timing and receipt of construction permits, the ability to commence construction at the Rose Lithium-Tantalum project, and timing and availability of other project funding.
Although Critical Elements has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking information include, but are not limited to: the terms on which the Corporation is able to secure debt financing (if at all), negative operating cash flow and dependence on third party financing, uncertainty of additional financing, reliance on key management and other personnel, potential downturns in (i) general economic conditions, (ii) demand for lithium / spodumene and (iii) EV market growth, capacity and demand, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, risks generally associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals, as well as those risk factors set out in the Corporation's Management Discussion and Analysis for its recent quarter ended November 30, 2024 and other disclosure documents available under the Corporation's SEDAR+ profile (www.sedarplus.ca).
Forward-looking information contained herein is made as of the date of this news release. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
SOURCE: Critical Elements Lithium Corp.
View the original press release on ACCESS Newswire
FAQ
How much financing has been offered to Critical Elements Lithium (CRECF) in the support letter?
What is the purpose of the US$115 million financing for Critical Elements Lithium (CRECF)?
Is the US$115 million financing for Critical Elements Lithium (CRECF) finalized?
What stage is Critical Elements Lithium's (CRECF) Rose project financing process at?
