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Critical Elements Receives Amended Decision Statement Issued by the Minister of Environment and Climate Change of Canada for the Rose Lithium-Tantalum Project in Quebec
MONTREAL, QC / ACCESS Newswire / May 27, 2025 / Critical Elements Lithium Corporation (the "...
About this update from Critical Elements Lithium Corporation
[{"type":"text","content":"Critical Elements Receives Amended Decision Statement Issued by the Minister of Environment and Climate Change of Canada for the Rose Lithium-Tantalum Project in QuebecMONTREAL, QC / ACCESS Newswire / May 27, 2025 / Critical Elements Lithium Corporation (the \"Corporation\" or \"Critical Elements\") (TSXV:CRE)(OTCQX:CRECF)(FSE:F12) is pleased to announce that it has received an amended decision statement (\"Decision Statement\") for its Rose Lithium-Tantalum project (the \"Rose Project\") from the Minister of Environment and Climate Change of Canada. The amendments to the original Decision Statement issued on August 11th, 2021 (press release dated August 11, 2021), include the addition of the following points:- The construction and development of a permanent workers' camp; and- The use of two borrow pits.The Decision Statement obtained today adds to the authorization certificate for the Rose Project from the Ministry of the Environment, Fight Against Climate Change, Wildlife and Parks of Québec received by the Corporation in October 2022, amended in August 2024 (press release dated August 14, 2024) and the receipt of the occupancy lease for its worker camp granted by the Ministry of Natural Resources and Forestry under the Act respecting lands in the domain of the State (Québec) (press release dated October 16, 2024).Qualified personsYves Perron, Eng. MBA, Vice-President Engineering, Construction and Operations is the qualified persons that has reviewed and approved the technical contents of this news release on behalf of the Corporation.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 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...