CRITICAL ELEMENTS LITHIUM - CRECF STOCK NEWS

Critical Elements Lithium Corporation has appointed Patrick Laperrière, CFA, as the new Director of Investor Relations and Corporate Development. Laperrière brings over 20 years of investment experience, having previously worked at la Caisse de dépôt et placement du Québec and major brokerage firms. He has been granted 200,000 stock options at an exercise price of $1.74 per share. Critical Elements is advancing its Rose lithium project in Quebec, which has a significant internal rate of return of 34.9% and a net present value of C$726 million.

Critical Elements Lithium Corporation has announced a bought deal public offering with Cantor Fitzgerald Canada, aiming to raise C$26,101,250 through the sale of 14,915,000 units priced at C$1.75 each. Each unit includes one common share and a half warrant, with warrants exercisable at C$2.50 for 24 months. The offering's proceeds will primarily fund the Rose lithium project in Quebec and general working capital. The closing date is anticipated on November 25, 2021, pending regulatory approvals.

Critical Elements Lithium Corporation announced the successful resolutions from its Annual Shareholders Meeting held on September 16, 2021. Shareholders approved the election of new directors, including Ani Markova as an Independent Director, who brings over 15 years of experience in the mining sector. Markova has been awarded 200,000 stock options at an exercise price of $1.35 per share. The appointment aims to enhance the Board's governance and sustainability oversight. The company continues its focus on advancing the Rose lithium project in Quebec, aiming to supply lithium for electric vehicles and energy storage.

Critical Elements Lithium Corporation has reported significant advancements in its Bourier project following a collaboration with GoldSpot Discoveries Corp.. Utilizing artificial intelligence and geological interpretation, the team identified 15 lithium targets in the Nemiscau greenstone belt. Key findings include five new sectors of spodumene-rich pegmatites, enhancing the project's potential. With an effective AI model achieving 75% precision, the exploration strategy demonstrates promise for future development.

Critical Elements Lithium Corporation has engaged GoldSpot Discoveries Corp. to identify lithium-tantalum, nickel-copper, and gold potential at its New Block 1-6 and 7 claims in the Nemiscau greenstone belt. Utilizing advanced AI technology, 19 lithium-tantalum targets were identified along with 5 copper-nickel and 7 gold targets. This study refines geological maps and enhances outcrop predictions to optimize exploration efficiency. The findings support Critical Elements' objective to advance the Rose lithium project while ensuring responsible supply for the burgeoning EV market.

Critical Elements has engaged Gerrit Fuelling as a lithium market and contract expert for its engineering study focused on high-quality lithium hydroxide production. This follows the announcement of Phase II of the engineering study aimed at enhancing its lithium project in Quebec. Fuelling’s extensive experience in the lithium industry, including past leadership roles at Rockwood Lithium, is expected to guide Critical Elements in minimizing capital costs and optimizing financial structure for shareholders. The company aims to establish itself as a major supplier for the growing electric vehicle and energy storage industries.

Critical Elements Lithium Corporation has engaged lithium expert Gerrit Fuelling for its Phase II engineering study aimed at producing high-quality lithium hydroxide. This strategic move follows the commencement of the study on June 7, 2021, to support the electric vehicle and energy storage industries. Fuelling, known for his extensive industry experience with Rockwood Lithium, will provide crucial market insights to mitigate lithium price volatility risks. The company's Rose lithium project in Quebec aims to enhance its footprint in the growing lithium market, ensuring a strong position as a supplier.

Critical Elements Lithium Corporation has partnered with GoldSpot Discoveries to leverage machine learning for mineral exploration at its projects in Quebec. The collaboration aims to enhance the identification of lithium, nickel, copper, and gold resources using AI technology. Critical Elements is focused on advancing its Rose Lithium-Tantalum Project, covering over 700 km². The project, under environmental review, shows potential with a 34.9% internal rate of return and an estimated net present value of C$726 million.