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Critical Elements Lithium Corporation (CRECF) is a leading supplier of lithium to the electric vehicle and energy storage industries. Their flagship project, the Rose Lithium-Tantalum project in Quebec, has shown promising results with high-grade lithium mineralization. The company aims to secure project financing for further development while maintaining shareholder value. With strategic partnerships and a focus on sustainable practices, Critical Elements is poised for growth in the global lithium market.
Critical Elements Lithium Corporation has received approval from the Québec Minister of the Environment for Hydro-Québec's connection and powerline relocation project, advancing the Rose Lithium-Tantalum Project. This decision, following prior approvals, enables Hydro-Québec to relocate a segment of the Eastmain-1-Nemiscau line to connect the mine to the powerline. The project aims to harness Québec's clean electricity resources, with 94% derived from hydropower. With a projected after-tax net present value of US$1.9 billion and an internal rate of return of 82.4%, Critical Elements is closer to making a final investment decision.
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