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Critical Elements Lithium Summer Exploration Plans
MONTRÉAL, QC / ACCESS Newswire / May 12, 2025 / Critical Elements Lithium Corporation (TS...
About this update from Critical Elements Lithium Corporation
[{"type":"text","content":"Critical Elements Lithium Summer Exploration Plans MONTRÉAL, QC / ACCESS Newswire / May 12, 2025 / Critical Elements Lithium Corporation (TSX-V:CRE)(US OTCQX:CRECF)(FSE:F12) (\"Critical Elements\" or the \"Corporation\") is pleased to announce the recommencement of active exploration on its highly prospective, 1,050 square kilometre land portfolio, including the 100% owned Nemaska Belt properties.An important helicopter-borne electromagnetic VTEM plus time-domain system (\"VTEM\") survey covering the Nemaska Belt group of properties in the Eeyou Istchee region of Québec has been completed (Figure 1). The 2,701-line kilometre VTEM survey executed by Geotech Airborne Geophysical Survey covers the entirety of Critical Elements' 100%-owned Nemaska Belt properties with flight lines at a 200-metre spacing. The objective of the survey was to identify conductors that could correlate with high-grade Nickel-Copper-PGE mineralization and define high-priority drill targets.Figure 1: VTEM survey map Nemaska Belt properties The Corporation plans to begin a surface exploration program on the Nemaska Belt portion of the portfolio and the Rose blocks at the end of May and intends to pursue a prospecting, mapping, and sampling program until late August. Dahrouge Geological Consulting Ltd. (\"Dahrouge\") has been mandated to perform the summer exploration program targeting potentially economic mineralization including high-grade Nickel-Copper-PGE as well as lithium-bearing spodumene.Management continues to be engaged in assembling the funding required to make a final investment decision on the Corporation's flagship Rose Lithium-Tantalum project. These efforts build on the $20 million conditional funding from Natural Resources Canada's Critical Minerals Infrastructure Fund (see press release dated February 6, 2025) and the support letter from a leading Canadian financial institution stating its interest in providing long term debt financing of up to US$115 million (approximately C$150 million) of project debt (see press release dated February 10, 2025).Qualified PersonFrançois Gagnon, P. Geo, Operations Director - Québec for Dahrouge Geological Consulting Ltd., is the Qualified Person who has reviewed and approved the technical content of this press release on behalf of the Corporation.About Critical Elements Lithium Corporatio...