Slide 1: Investor Presentation
INVESTOR PRESENTATION High Purity Lithium Spodumene Project November 14, 2022 -V:CRE
Slide 2: Disclaimers
DISCLAIMERS Forward-Looking Information: This presentation contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Forward-looking information i
Slide 3: Our Vision
CRITICAL ELEMENTS LITHIUM CORPORATION Our Vision Our Vision ▪ It is Critical Elements Lithium Corporation’s vision to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage systems industries The Opportunity ▪ Our first project, Rose, features high pur
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Critical Elements Lithium’s capital structure Exchange: Trading Symbol Basic Shares 212.0M TSX-V: CRE Options 2.9M (C$0.24 - C$1.74) Frankfurt: F12 Warrants 16.9M (C$1.10 - C$2.50) OTCQX: CRECF FD Shares 230.0M Research Coverage Share Price C$2.31 Basic Market Cap C$489.8M Managem
Slide 5: Investment Highlights
INVESTMENT HIGHLIGHTS North American sourced lithium and tantalum to power a clean energy future High Purity Spodumene Hard Rock Project ▪ Lithium hydroxide demand is expected to dominate the lithium market ▪ Rose is one of the highest purity hard rock spodumene deposits with low iron and mica conte
Slide 6: Experienced Leadership Team
EXPERIENCED LEADERSHIP TEAM Proven track record in successfully executing value-added growth opportunities Former Rockwood Lithium CEO and CFO possess strong lithium development and operational knowledge ▪ Steffen Haber, President ̶ Former CEO and President of Rockwood Lithium ̶ Instrumental in the
Slide 7: Extensive Portfolio of Targets
EXTENSIVE PORTFOLIO OF TARGETS A dominant land package with exploration upside ▪ Located in a premier mining jurisdiction in Québec, Canada ▪ Excellent access to infrastructure including roads, low-cost power and skilled labor ̶ Camp, Airport ̶ Power line on site tapping into Quebec’s low carbon (93
Slide 8: Good Relations with First Nations
GOOD RELATIONS WITH FIRST NATIONS Mining in Québec Map of Québec and Plan du Nord ▪ The Pikhuutaau Agreement, signed July 2019, formalized the relationship between the Cree Nation of Eastmain, the Grand Council of the Crees (Eeyou Istchee) and the Cree Nation Government, and Critical Elements Lithiu
Slide 9: The Rose Project: A phased approach to supplying the EV market
THE ROSE PROJECT: A phased approach to supplying the EV market Technical Grade Glass & Spodumene 6.0% Ceramics Industries Chemical Grade Spodumene Global Markets The Rose Spodumene +5.5% Starter material to be Project Mine converted to Lithium Hydroxide Battery Grade Lithium (1) Lithium Hydroxide Hy
Slide 10: Hard Rock Benchmarking
HARD ROCK BENCHMARKING The Rose Project is notable for its low iron oxide and mica contents Iron Oxide Content (%) – Ore Mica Content (%) – Ore 2,0% Rose ore has a 10,0% Rose has low mica content low iron oxide content 1,2% 1,0% 0,9% 0,9% 7,2% 0,8% 0,8% 0,5% 0,5% 6,5% 0,4% 4,5% 4,0% 3,1% Pilbara Wha
Slide 11: The Rose Project: Mine and Concentrator
THE ROSE PROJECT: MINE AND CONCENTRATOR Mine and concentrator feasibility study results Financial Highlights(1) OPEX Details(2) (3) US$379M 17 Year US$540 / C$701 Average Annual Project Life Operating Cost ($/t LiO2 Conc.) EBITDA US$590 / C$766 US$1.915B 82.4% Total Operating Cost ($/t LiO2 Conc.) A
Slide 12: The Rose Project: Mine and Concentrator (cont'd)
THE ROSE PROJECT: MINE AND CONCENTRATOR Mine and concentrator feasibility study results (cont’d) Production Volumes Pilot Plant & Metallurgical Results Technical Grade Chemical Grade Tantalum Spodumene 6.0% Spodumene 5.5% Concentrate 20.0% ▪ 50 tonne pilot program confirmed feasibility recoverie rat
Slide 13: The Rose Project: OPEX details
THE ROSE PROJECT: MINE AND CONCENTRATOR OPEX details (1) Operating costs per tonne processed C$96.73 Mining ($4.56 per tonne) $37.89 Processing $19.88 G&A $20.30 Transportation (FOB Port) $18.66 C$/t Li2O US$/t Li2O Concentrate Concentrate Operating costs per tonne of concentrate 701 540 Mining 274
Slide 14: Upcoming Catalysts
UPCOMING CATALYSTS Gaining project momentum to drive shareholder value Experienced Operational Team ▪ Expanded operational team with talented members that will advance Rose through permitting and construction Environmental Impact Study Filing ▪ Submitted the Rose EIS in August 2017, which was approv
Slide 15: Development Timeline
DEVELOPMENT TIMELINE(1) Approaching next steps… Clear Path to Construction and Commissioning ▪ The Company’s near-term focus is on securing final permits and project financing with first production targeted for 2024 2022-2023 Start of Engineering Detailed Detailed Mine and engineering Project constr
Slide 16: Project Capex Funding Solutions
PROJECT CAPEX FUNDING SOLUTIONS Targeting strategic partnerships and low-cost financing packages ▪ The Company’s near-term focus is on securing final permits and project financing with first production targeted for 2024 ▪ Critical Elements Lithium is contemplating various project capex funding solut
Slide 17: Appendix
CriticalElements @ ithium Corporation APPENDIX T rs2kv:cRe
Slide 18: Project Logistics
PROJECT LOGISTICS Transportation of Spodumene by 90 tonnes truck 12 trucks per day 370Km to Matagami railway Available Skilled Mining Workers Railway to Montreal or Quebec Ports Sea way to customers TSX-V:CRE 18
Slide 19: District Scale Potential
DISTRICT SCALE POTENTIAL Camp Girard HYDRO POWER LINE Helico South 2,45% Li2O and 92 ppm Ta2O5 PIVERT 1,46% Li2O and 118 ppm Ta2O5 3,04% Li2O and 173 ppm Ta2O5 OPEN Pivert Middle OPEN Rose Deposit Probable Reserves : 26.3 M tonnes: 0.87% Li2O and 138 ppm Ta2O5 Indicated Resources : 31.47 M tonnes; 0
Slide 20: Mineral Reserves and Resources
MINERAL RESERVES AND RESOURCES (1) Tonnage NSR Li2O_eq Li2O Ta2O5 Category (Mt) ($) (%) (%) (ppm) Probable 26.3 204.00 0.92 0.87 138 Total 26.3 204.00 0.92 0.87 138 Tonnage NSR Li2O_eq Li2O Ta2O5 Category (Mt) ($) (%) (%) (ppm) Indicated Pit-constrained 30.38 216 0.99 0.91 150 Underground 1.09 200 0
Slide 21: Mine Infrastructure Layout
MINE INFRASTRUCTURE LAYOUT TSX-V:CRE 21
Slide 22: Concentrator Detailed Flowsheet
CONCENTRATOR DETAILED FLOWSHEET Source: Critical Elements Lithium Corporation – NI 43-101 Technical Report on Rose Lithium-Tantalum project feasibility study dated July 26, 2022 TSX-V:CRE 22
Slide 23: Lithium Hydroxide Pilot Plant Flowsheet
LITHIUM HYDROXIDE PILOT PLANT FLOWSHEET(1) About Metso Outotec ▪ Metso Outotec is a leading technology company in multiple mining and extraction industries, including the lithium industry, with a global presence and owned R&D facilities in in Frankfurt, Germany and Pori, Finland, as well as other lo
Slide 24: Simplified Metso Outotec Process
SIMPLIFIED METSO OUTOTEC PROCESS(1) Spodumene Na2CO3 Leach liquid recycling The Metso Outotec alkaline leach process(1) benefits from: Pressure ▪ Acid and sulphate-free process Leaching ▪ Inert and neutral mineral residue ▪ Produces battery-grade lithium hydroxide Ca(OH)2 Condensates and process sol
Slide 25: Management & Board of Directors
MANAGEMENT & BOARD OF DIRECTORS JEAN-SÉBASTIEN LAVALLÉE CEO and Director Jean-Sébastien Lavallée, P. Geo, has been the Chief Executive Officer of the Company since 2009. From 2009 to 2017, he also served as President. Mr. Lavallée was President and Chief Executive Officer of Quebec Precious Metals C
Slide 26: Management
MANAGEMENT NATHALIE LAURIN Secretary & CFO Nathalie Laurin has over 30 years of experience in administration and accounting. The experience gained through working in various roles with increasing responsibilities, primarily in the natural resources sector, has given her a solid mastery of finance an
Slide 27: Board of Directors
BOARD OF DIRECTORS ERIC ZAUNSCHERB Chairman Mr. Zaunscherb is a Canadian mining executive focused on building strong management teams for the responsible exploration and development of quality mineral assets. He is the Chair of the Board of Directors of Critical Elements Lithium Corp. since 2020 and
Slide 28: Board of Directors
BOARD OF DIRECTORS ANI MARKOVA Director Mrs. Markova is an award-winning portfolio manager with more than 15 years of experience investing in the mining and metals sector, currently an officer and director of SilverCrest Mining. She is Chair of the Safety, Social and Environmental Responsibility Com
Slide 29: Operations Team
OPERATIONS TEAM PAUL BONNEVILLE Project Manager Mr. Bonneville has over 30 years of experience in the mining industry in Canada. He is a graduate of Queen’s University in Mining Engineering. He was Vice President Operations for Scorpio Mining and Vice President Mines for Cadiscor Resources. He worke
Slide 30: Corporate Contacts
CORPORATE CONTACTS North American sourced lithium and tantalum to power a clean energy future Critical Elements Lithium Corporation 1080, Côte du Beaver Hall Bureau 2101 Montréal, Québec H2Z 1S8 Phone: +1 (514) 904-1496 Fax: +1 (514) 904-1597 www.cecorp.ca Jean-Sébastien Lavallée, CEO Phone: +1 (819