Business
Critical Elements Announces Closing of C$7.0 Million Bought Deal Life Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN...
About this update from Critical Elements Lithium Corporation
[{"type":"text","content":"NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.","length":190,"tagName":"p"},{"type":"text","content":"MONTRÉAL, QC / ACCESS Newswire / December 5, 2025 / Critical Elements Lithium Corporation (TSX-V:CRE)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to announce the closing of its previously announced "bought deal" private placement (the "Offering") for aggregate gross proceeds of C$7,000,000.20, which includes the full exercise of the underwriter's option. Pursuant to the Offering, the Corporation sold (i) 7,500,000 common shares of the Corporation (the "HD Shares") at a price of C$0.40 per HD Share (the "HD Share Price") and (ii) 6,666,667 common shares of the Corporation that were sold to charitable purchasers and issued as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "FT Shares", and collectively with the HD Shares, the "Offered Shares") at a price of C$0.60 per FT Share. Red Cloud Securities Inc. ("Red Cloud") acted as sole underwriter and bookrunner in connection with the Offering.","length":1073,"tagName":"p"},{"type":"text","content":"The Corporation intends to use the net proceeds of the Offering to fund exploration programs at the Corporation's Rose West block forming part of the Rose Lithium-Tantalum Property and Nemaska Belt properties in Québec, as well as for general working capital and corporate purposes.","length":286,"tagName":"p"},{"type":"text","content":"The gross proceeds from the sale of FT Shares will be used by the Corporation to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" as both terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Corporation's Rose West block forming part of the Rose Lithium-Tantalum Property and Nemaska Belt properties in Québec on or before December 31, 2026. All Qualifying Expenditures will be renounced in favour of the subscribers of FT Shares effective December 31, 2025.","length":601,"tagName":"p"},{"type":"text","conte...