Slide 1: Lithium Charged High Purity Spodumene Project
LITHIUM CHARGED HIGH PURITY SPODUMENE PROJECT INVESTOR PRESENTATION May 14th, 2025 TSX.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 (Cont'd)
Disclaimers (Cont’d) 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
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 Basic Shares Outstanding 217.8M Options 3.2M (C$0.24 - C$2.29) TSX-V: CRE Fully-Diluted Shares Outstanding 221.0M Frankfurt: F12 Share Price C$0.40 OTCQX: CRECF Basic Market Capitalization C$87.1M Research Cove
Slide 6: Company Highlights
Company Highlights Permitted, Construction-Ready North American Source of Lithium and Tantalum High Purity Spodumene Hard Rock Project 1 ▪ 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 7: Selected Key Milestones
Selected Key Milestones ▪ US$115M/C$150M in Support Letter from Leading Financial Institution (February 10, 2025) – receipt of a support letter from a leading Canadian financial institution stating its interest in providing long-term debt financing up to US$115/C$150M for Rose’s development. ▪ C$20M
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 with excellent access to infrastructure including roads, airport and power lines on site tapping into Quebec’s low carbon (93% hydroelectricity), low-cost grid
Slide 10: Quebec is a Premier Mining Jurisdiction
Quebec is a Premier Mining Jurisdiction Map of Québec and Plan du Nord Mining in Québec ▪ Quebec is consistently ranked in the top quartile by the Fraser Institute for most attractive jurisdictions for mining investment ▪ Québec accounts for 20% of Canada’s total mining output and is a dominant prod
Slide 11: The Rose Project
The Rose Project Phased Approach to Supplying the EV Market Technical Grade Spodumene 6.0% Glass & Ceramics Industries Chemical Grade Spodumene +5.5% Global Markets The Rose Spodumene Starter Material to Project Mine be Converted to Lithium Hydroxide Battery Grade Lithium Products EV Market Conversi
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 1.9% Rose ore has a 8.1% Rose has low mica content iron oxide content below 1.0% 6.5% 6.2% 0.9% 0.8% 4.1% 4.0% 0.8% 0.5% 2.7% 0.4% Carolina Whabouchi Rose M
Slide 13: The Rose Project: Mine & Concentrator
The Rose Project: Mine & Concentrator Mine and Concentrator 2023 Feasibility Study Results(1)(2)(3) Financial Highlights OPEX Details 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.) A
Slide 14: Rose Project Feasibility Metrics
Rose Project Feasibility Metrics Conservative Price Deck, Robust EBITDA and After-Tax Cash Flow Source: Critical Elements Lithium Corporation: Rose Lithium-Tantalum Project Feasibility Study dated October 11, 2023.. TSX-V: CRE 14
Slide 15: The Rose Project: Mine & Concentrator
The Rose Project: Mine & Concentrator Mine and Concentrator 2023 Feasibility Study Results LOM Average Annual Production Volumes Pilot Plant & Metallurgical Results: Technical Grade Chemical Grade Tantalum Concentrate ▪ 50 tonne pilot program confirmed Spodumene 6.16% Spodumene 5.56% 20.0% feasibili
Slide 16: The Rose Project: Mine & Concentrator (Cont'd)
The Rose Project: Mine & Concentrator (Cont’d) CAPEX Details(1) – Cost Breakdown: Rose Lithium-Tantalum Project Initial Capital Sustaining Capital Initial Capital Sustaining Capital (C$M) (C$M) (US$M) (US$M) Direct Capital 365.4 254.0 281.4 195.6 Mine Open Pit 7.6 207.5 5.8 159.8 Stockpiles 7.0 19.2
Slide 17: The Rose Project: Mine & Concentrator (Cont'd)
The Rose Project: Mine & Concentrator (Cont’d) 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 Mini
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 Detailed Engineering Equipment Completion 12-14 months Delivered on Site . . Tree Clearing Construction Commissioning ± 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 2 years after FID ▪ Critical
Slide 21: Exploration
—“ CriticalE Lithium Corpo EXPLORATION TSX.V: 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 of indicated resources and 2M tonnes of inferred resources ▪ It is important to note that the Rose project mi
Slide 23: Extensive Portfolio of Targets: Nemaska Belt Portfolio
Extensive Portfolio of Targets Nemaska Belt Portfolio – Location Map with Selected Highlights 2.44% Li2O; 69.11 ppm Ta2O5 1.60% Li2O 20% interest in Nisk: ▪ Major new discovery from Power Metallic Mines Inc. (TSX-V: PNPN) 0.54% Li2O;43 ppm Ta2O5 1.54% Li2O; 67 ppm Ta2O5 2.22% Li2O; 70 ppm Ta2O5 Sour
Slide 24: Rose West Discovery and Expansion Potential
Rose West Discovery and Expansion Potential Source: Critical Elements Lithium Corporation: press release April 15, 2024. TSX-V: CRE 24
Slide 25: Rose West Discovery and Expansion Potential
Rose West Discovery and Expansion Potential UTM NAD 83 Zone 18 Source: Critical Elements Lithium Corporation: press release October 17, 2023. TSX-V: CRE Grab samples are selective by nature and may not to represent average grades of the pegmatite. 25
Slide 26: Completed Drilling On Rose West
Completed Drilling On Rose West Sources: TSX-V: CRE Critical Elements Lithium Corporation: press release March 13, 2024. Critical Elements Lithium Corporation: press release April 22, 2024. 26
Slide 27: Sections
Sections 5764200N Lithology Pegmatite Metasediments Granodiorite Gabbro Overburden Sources: TSX-V: CRE Critical Elements Lithium Corporation: press release March 13, 2024. Critical Elements Lithium Corporation: press release April 22, 2024. 27
Slide 28: Sections (Cont'd)
Sections (Cont’d) 5764100N Lithology Pegmatite etasediments ranodiorite abbro v erburden Sources: TSX-V: CRE Critical Elements Lithium Corporation: press release March 13, 2024. Critical Elements Lithium Corporation: press release April 22, 2024. 28
Slide 29: Sections (Cont'd)
Sections (Cont’d) 5764000N Lithology Pegmatite etasediments ranodiorite abbro v erburden Sources: TSX-V: CRE Critical Elements Lithium Corporation: press release March 13, 2024. Critical Elements Lithium Corporation: press release April 22, 2024. 29
Slide 30: Sections (Cont'd)
Sections (Cont’d) 5763900N Lithology Pegmatite etasediments ranodiorite abbro v erburden Sources: TSX-V: CRE Critical Elements Lithium Corporation: press release March 13, 2024. Critical Elements Lithium Corporation: press release April 22, 2024. 30
Slide 31: Sections (Cont'd)
Sections (Cont’d) 5763800N Lithology Pegmatite etasediments ranodiorite abbro v erburden Sources: TSX-V: CRE Critical Elements Lithium Corporation: press release March 13, 2024. Critical Elements Lithium Corporation: press release April 22, 2024. 31
Slide 32: Sections (Cont'd)
Sections (Cont’d) 5763700N Lithology Pegmatite etasediments ranodiorite abbro v erburden Sources: TSX-V: CRE Critical Elements Lithium Corporation: press release March 13, 2024. Critical Elements Lithium Corporation: press release April 22, 2024. 32
Slide 33: Geophysical Targets with Interpretation
Geophysical Targets with Interpretation Potential Targets / Potential Feeder Dike Red dots are mapped pegmatite outcrops in the SIGEOM database. No assay results. TSX-V: CRE 33
Slide 34: Appendix
—“ CriticalE Lithium Corpo APPENDIX TSX.V: CRE
Slide 35: Project Logistics
Project Logistics Transportation of Spodumene by 90 tonnes truck 12 trucks per day 370 km to Matagami railway Available Skilled Mining Workers Railway to Montreal or Quebec Ports Sea way to customers TSX-V: CRE 35
Slide 36: Mineral Reserves And Resources
Mineral Reserves And Resources(1) Tonnage NSR Li2O_eq Li2O Ta2O5 Category (Mt) (C$) (%) (%) (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 (C$) (%) (%) (ppm) Indicated Pit-constrained 29,922,000 185 1.03 0.93 145 Underground 624,000 1
Slide 37: Mine Infrastructure Layout
Mine Infrastructure Layout TSX-V: CRE 37
Slide 38: Concentrator Detailed Flowsheet
Concentrator Detailed Flowsheet Source: Critical Elements Lithium Corporation: Rose Lithium-Tantalum Project Feasibility Study dated October 11, 2023.. TSX-V: CRE 38
Slide 39: Lithium Hydroxide Pilot Plant Flowsheet
Lithium Hydroxide Pilot Plant Flowsheet (1)(2) 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 othe
Slide 40: Simplified Metso Outotec Process
Simplified Metso Outotec Process (1)(2) Spodumene Na2CO3 Leach liquid recycling The Metso Outotec alkaline leach process(1) benefits from: ▪ Acid and sulphate-free process Pressure ▪ Inert and neutral mineral residue Leaching ▪ Produces battery-grade lithium hydroxide monohydrate Ca(OH)2 Condensates
Slide 41: 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 42: 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 43: 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 44: Board of Directors (Cont'd)
Board of Directors (Cont’d) ANI MARKOVA Director Mrs. Markova has over 25 years of experience in global capital markets, including a successful investment career managing up to C$2B of mutual fund assets, she is an award-winning portfolio manager with a proven track record in integrating macroeconom
Slide 45: Operations Team
Operations Team SÉBASTIEN PERREAULT Senior Director of mining site operations Mr. Sébastien Perreault has over 25 years of experience in open-pit mining operations and mining project management both in Quebec and abroad. Mr. Perreault contributed to the successful start-up of several mining projects
Slide 46: 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 TSX.V: