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Critical Elements Announces The Results From the Annual Meeting of Shareholders
MONTRÉAL, QC / ACCESSWIRE / June 17, 2024 / Critical Elements Lithium Corporation (the " ...
About this update from Critical Elements Lithium Corporation
[{"type":"text","content":"Critical Elements Announces The Results From the Annual Meeting of ShareholdersMONTRÉAL, QC / ACCESSWIRE / June 17, 2024 / Critical Elements Lithium Corporation (the \"Corporation\" or \"Critical Elements\") (TSX.V:CRE)(US OTCQX:CRECF)(FSE:F12) is pleased to announce that at its Annual shareholders meeting (the \"Meeting\") held on June 17, 2024, shareholders of the Corporation approved all the resolutions, as follows:Election of Jean-Sébastien Lavallée, Steffen Haber, Eric Zaunscherb, Marc Simpson, Matthew Lauriston Starnes, Marcus Brune, Ani Markova, Maysa Habelrih and Vanessa Laplante as directors;Appointment of KPMG LLP as auditors;Adoption of the Corporation's equity incentive compensation plan (the \"Omnibus Plan\").The total number of common shares represented by shareholders in person and by proxy at the Meeting was 56,999,688, representing 26,17% of the Corporation's outstanding common shares.Detailed results of the vote on the election of directors of Meeting are given below: Votes for% forVotes against% againstJean-Sébastien Lavallée53,309,61199.25%403,3700.75%Steffen Haber53,309,90899.25%403,0730.75%Eric Zaunscherb49,626,02392.39%4,086,9587.61%Marc Simpson53,298,30899.23%414,6730.77%Matthew Lauriston Starnes53,212,94899.07%500,0330.93%Marcus Brune53,309,29899.25%403,6830.75%Ani Markova53,238,49199.12%474,4900.88%Maysa Habelrih53,290,23599.21%422,7460.79%Vanessa Laplante53,241,85799.12%471,1230.88%About Critical Elements Lithium CorporationCritical 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 65.7%, with an estimated after-tax net present value of US$2.2B at an 8% discount rate. In the Corporation's view, Québec is strategically well-positioned for US and EU markets and boasts good infrastructure including a low-cost, low-carbon power grid featuring 94% hydroelectricity. The proj...