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Critical Elements Lithium Recognized as a Top 10 Ranked Company in the Mining Sector by TSX Venture 50 for 2023
MONTREAL, QC / ACCESSWIRE / February 21, 2023 / Critical Elements Lithium Corporation (TSXV:CRE)...
About this update from Critical Elements Lithium Corporation
[{"type":"text","content":"Critical Elements Lithium Recognized as a Top 10 Ranked Company in the Mining Sector by TSX Venture 50 for 2023MONTREAL, QC / ACCESSWIRE / February 21, 2023 / Critical Elements Lithium Corporation (TSXV:CRE)(OTCQX:CRECF)(FSE: F12) (\"Critical Elements\" or the \"Corporation\") is pleased to announce it has ranked in the top 10 performing mining stocks in the 2023 TSX Venture 50™, which is comprised of the top 50 from over 1,713 companies on the TSX Venture Exchange.\"it's a great honor to be included in the Venture 50 ranking. It's a great testament to the progress being made over the year on the Rose Lithium-Tantalum project as it accelerates toward a Final Investment Decision\" says CEO, Jean-Sebastien Lavallée. \"2023 should be an exciting year as we advance detailed engineering toward construction and continue an active drilling campaign on the Corporation's prospective 1,050 square kilometer exploration portfolio,\" he concluded.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 project in Québec, the Corporation's first lithium project to be advanced within a land portfolio of over 1,050 square kilometers. On June 13th, 2022, the Corporation announced results of a feasibility study on Rose for the production of spodumene concentrate. The after-tax internal rate of return for the Project is estimated at 82.4%, with an estimated after-tax net present value of US$1.9 B 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 93% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government and also received the Certificate of Authorization pursuant to section 164 of Québec's Environment Quality Act from the Québec Minister of the Environment, the Fight against Climate Change, Wildlife and Parks.For further information, plea...