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Critical Elements Lithium Corporation's Rose Lithium-Tantalum Project: Project Update
MONTREAL, QC / ACCESSWIRE / May 11, 2020 / Critical Elements Lithium Corporation (the "C...
About this update from Critical Elements Lithium Corporation
[{"type":"text","content":"Critical Elements Lithium Corporation's Rose Lithium-Tantalum Project: Project UpdateMONTREAL, QC / ACCESSWIRE / May 11, 2020 / Critical Elements Lithium Corporation (the \"Corporation\" or \"Critical Elements\") (TSXV:CRE)(OTCQX:CRECF)(FSE:F12) is pleased to provide an update on recent developments affecting operations on its wholly-owned Rose Lithium-Tantalum project (\"Rose\" or the \"Project\") as a result of the COVID-19 global pandemic.Annual MeetingCritical Elements has elected to defer its 2020 Annual General Meeting of Shareholders, which is normally held in early June, due to COVID-19 concerns and plans to hold the meeting later in the year. This decision was made at a time when orders from the Government of Québec forbid public gatherings.Corporate updateThe Rose property is located in northern Québec's administrative region, on the territory of Eeyou Istchee James Bay. It is located on Category III land, on the Traditional Lands of the Cree Nation of Eastmain.The Project proposes the operation of an open pit mine to extract technical grade lithium and tantalum found in the Rose deposit. Lithium and tantalum are used globally in the manufacturing and automotive industrial sectors, including, among others, the market for hybrid and electric vehicles, which is expected to see significant growth in the coming years due to the increasing focus on energy transition. Rose, as one of the only new sources of technical grade lithium globally, has the potential to play a significant role in the greening of our future economy.Critical Elements is currently engaged in the environmental impact assessment process for Rose. The Environmental Impact Statement for the Project was deemed complete by the Canadian Environmental Assessment Agency (now the Impact Assessment Agency of Canada) (the \"CEAA\") in March 2019. Consultations and assessments by governmental authorities including the Environmental and Social Impact Review Committee (the \"COMEX\") are underway.Critical Elements recently received the second information request from the CEAA and is working diligently towards providing the information to the Agency in the near-term. The Corporation currently awaits a response from the Québec's Ministère de l'Environnement et de la Lutte contre les changements climatiques (the \"MELCC\") and the COMEX.Critical Eleme...