Slide 1: Investor Presentation
INVESTOR PRESENTATION High Purity Lithium Spodumene Project November 23rd, 2023 -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: Disclaimers
DISCLAIMERS MARKET AND INDUSTRY DATA: Market and industry data presented throughout this presentation was obtained from third party sources and industry reports, publications, websites and other publicly available information. The Company believes that the market and industry data presented througho
Slide 4: Critical Elements Lithium Corporation
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 5: Corporate Snapshot
CORPORATE SNAPSHOT Critical Elements Lithium’s capital structure Exchange: Trading Symbol TSX-V: CRE Basic Shares 217.8M Frankfurt: F12 Options 3.3M (C$0.24 - C$2.29) Warrants 9.5M (C$1.75 - C$2.50) OTCQX: CRECF FD Shares 230.6M Research Coverage Share Price C$1.31 Basic Market Cap C$285M Management
Slide 6: Investment Highlights
INVESTMENT HIGHLIGHTS Permitted, construction-ready North American source of lithium and tantalum 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 cont
Slide 7: Selected Key Milestones
SELECTED KEY MILESTONES Mining License (September 18, 2023) – entered into a mining lease with the Québec Minister of Natural Resources and Forests for the Rose project. The mining lease is granted under the Québec Mining Act and gives the holder the right to mine mineral substances for the Rose L
Slide 8: 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 9: 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 10: 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 11: The Rose Project
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 Hyd
Slide 12: 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% 2.7% PAK Ma
Slide 13: The Rose Project: Mine & Concentrator
THE ROSE PROJECT: MINE & CONCENTRATOR Mine and concentrator 2023 feasibility study results Financial Highlights(1) OPEX Details(2) (3) US$461M 17 Year US$617 / C$801 Average Annual Project Life Operating Cost ($/t Li2O Conc.) EBITDA US$652 / C$847 US$2.2B 65.7% Total Operating Cost ($/t Li2O Conc.)
Slide 14: Rose Project Feasibility Metrics
ROSE PROJECT FEASIBILITY METRICS Conservative price deck, robust EBITDA and After-Tax Cash Flow Sources: Critical Elements Lithium Corporation – NI 43-101 Technical Report on Rose Lithium-Tantalum project feasibility study dated July 26, 2022 TSX-V:CRE 14
Slide 15: The Rose Project: Mine & Concentrator
THE ROSE PROJECT: MINE & CONCENTRATOR Mine and concentrator 2023 feasibility study results (cont’d) LOM Average Annual Production Volumes Pilot Plant & Metallurgical Results Technical Grade Chemical Grade Tantalum Spodumene 6.16% Spodumene 5.56% Concentrate 20.0% 50 tonne pilot program confirmed f
Slide 16: CAPEX Details
THE ROSE PROJECT: MINE & CONCENTRATOR CAPEX details (1) Source Critical Elements Lithium Corporation –Rose Lithium-Tantalum project feasibility study press release August 29th, 2023 (1) Dollar figures in Canadian dollars unless otherwise stated TSX-V:CRE 16
Slide 17: OPEX Details
THE ROSE PROJECT: MINE & CONCENTRATOR OPEX details (1) Operating costs per tonne processed C$105.59 Mining ($4.23 per tonne) $35.13 Processing $27.00 G&A $20.70 Transportation (FOB Port) $22.76 C$/t Li2O US$/t Li2O Concentrate Concentrate Operating costs per tonne of concentrate 801 617 Mining 266 2
Slide 18: 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 construction Environmental Impact Study Filing Submitted the Rose EIS in August 2017, which was approved by the Feder
Slide 19: Illustrative Timeline to Production
ILLUSTRATIVE TIMELINE TO PRODUCTION (1) Project Schedule, clear path to construction and commissioning Last long lead Construction Detail Engineering equipment Completion 12-14 months delivered on site . . Tree clearing Construction Commissionning ± 20 months and Ramp-up site 6 months preparation (1
Slide 20: Project CAPEX Funding Solutions
PROJECT CAPEX FUNDING SOLUTIONS Targeting strategic partnerships and low-cost financing packages With the Rose Certificate of Authorization now in place, the Company’s near-term focus is on ordering long-lead items and securing financing with first production targeted for 2026 Critical Elements
Slide 21: Exploration
CriticalElements & ithium Corporation EXPLORATION T rskv: CRE
Slide 22: Exploration Objectives and New Discoveries
EXPLORATION OBJECTIVES AND NEW DISCOVERIES Management believes that the Rose Project and its exploration package have the potential to materially increase the company’s existing 30M tonnes indicated resources and 2M tonnes inferred resources It is important to note that the Rose project mineral
Slide 23: Extensive Portfolio of Targets
EXTENSIVE PORTFOLIO OF TARGETS Nemaska Belt Portfolio Sample Location Map with Sample Highlights Sources: Press release October 27th 2022 TSX-V:CRE 23
Slide 24: Rose Discovery and Expansion Potential
ROSE DISCOVERY AND EXPANSION POTENTIAL Source: Critical Elements Lithium Corporation –Rose Lithium-Tantalum project feasibility study press release August 29th, 2023 TSX-V:CRE 24
Slide 25: Rose Discovery and Expansion Potential
ROSE DISCOVERY AND EXPANSION POTENTIAL Source: Critical Elements Lithium Corporation –Rose Lithium-Tantalum project feasibility study press release August 29th, 2023 (1): Grab samples are selective by nature and may not to represent average grades of the pegmatite TSX-V:CRE 25
Slide 26: Extensive Portfolio of Targets: Duval Projects
EXTENSIVE PORTFOLIO OF TARGETS Duval Projects Sample location map Sources: TSX-V:CRE 26
Slide 27: Extensive Portfolio of Targets: Lemare Project
EXTENSIVE PORTFOLIO OF TARGETS Lemare Project Sample location map Sources: TSX-V:CRE 27
Slide 28: 2023 Drilling Program
2023 DRILLING PROGRAM Plan View – Project Scale Geology TSX-V:CRE 28
Slide 29: Appendix
CriticalElements & ithium Corporation APPENDIX T rskv: CRE
Slide 30: 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 30
Slide 31: Mineral Reserves and Resources
MINERAL RESERVES AND RESOURCES (1) Tonnage NSR Li2O_eq Li2O Ta2O5 Category (Mt) (CA $) (%) (%) (ppm) Probable 26.3 165.00 0.92 0.87 138 Total 26.3 165.00 0.92 0.87 138 NSR Li2O_eq Li2O Ta2O5 Category Tonnage (CA $) (%) (%) (ppm) Indicated Pit-constrained 29,922,000 185 1.03 0.93 145 Underground 624,
Slide 32: Mine Infrastructure Layout
MINE INFRASTRUCTURE LAYOUT TSX-V:CRE 32
Slide 33: Concentrator Detailed Flowsheet
CONCENTRATOR DETAILED FLOWSHEET Source: Critical Elements Lithium Corporation –Rose Lithium-Tantalum project feasibility study press release August 29th, 2023 TSX-V:CRE 33
Slide 34: 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 35: 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 36: 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 37: 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 38: 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 39: 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 40: Operations Team
OPERATIONS TEAM HUGHES PÉRIGNY, P.ENG Senior Project Director Mr. Hughes Périgny, P.Eng. has over 29 years of experience in engineering, construction and project management in the industrial and mining sectors. He has participated in several industrial and mining projects with IAMGOLD (Boto project,
Slide 41: 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 42: Corporate Contacts
CORPORATE CONTACTS North American sourced lithium and tantalum to power a clean energy future Critical Elements Lithium Corporation 80, boul. De la Seigneurie West Suite 201 Blainville, Québec J7C 5M3 Phone: +1 (514) 904-1496 www.cecorp.ca Jean-Sébastien Lavallée, CEO Phone: +1 (819) 354-5146 Patric