Slide 1: Investor Presentation
INVESTOR PRESENTATION High Purity Lithium Spodumene Project February 23, 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 217.7M Frankfurt: F12 Options 3.3M (C$0.24 - C$2.29) Warrants 9.5M (C$1.75 - C$2.50) OTCQX: CRECF FD Shares 230.5M Research Coverage Share Price C$2.60 Basic Market Cap C$565.9M Manageme
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: 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 8: 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 9: 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 10: 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 11: 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 12: The Rose Project: Mine & Concentrator
THE ROSE PROJECT: MINE & CONCENTRATOR Mine and concentrator 2022 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 Li2O Conc.) EBITDA US$590 / C$766 US$1.915B 82.4% Total Operating Cost ($/t Li2O Conc.
Slide 13: 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 13
Slide 14: The Rose Project: Mine & Concentrator
THE ROSE PROJECT: MINE & CONCENTRATOR Mine and concentrator 2022 feasibility study results (cont’d) LOM Average Annual 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 fea
Slide 15: The Rose Project: Mine & Concentrator – CAPEX details
THE ROSE PROJECT: MINE & CONCENTRATOR CAPEX details (1) Cost Breakdown - Rose Lithium - Tantalum Project Initial Capital Sustaining Capital Initial Capital Sustaining Capital Item M CA$ M CA$ M US$ M US$ Direct Capital Estimate 312.7 118.0 240.8 90.9 Mining 62.8 110.3 48.3 85.0 Power & Electrical 39
Slide 16: The Rose Project: Mine & Concentrator – OPEX details
THE ROSE PROJECT: MINE & 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 21
Slide 17: 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 18: Conservative Timeline to Production
CONSERVATIVE TIMELINE TO PRODUCTION (1) Project Schedule, clear path to construction and commissioning Assumption : Financing Completed by Sept. 2023 Value Eng. Study Last long lead Construction Detail Engineering equipment Completion 12-14 months delivered on site 2023 Sept. Dec. 2025 Sept. March 2
Slide 19: 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 2025 ▪ Critical Elements
Slide 20: Exploration
CriticalElements @ ithium Corporation EXPLORATION T rs2kv:cRe
Slide 21: 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 21
Slide 22: Extensive Portfolio of Targets
EXTENSIVE PORTFOLIO OF TARGETS Duval and Valiquette Projects Sample location map Sources: TSX-V:CRE 22
Slide 23: Extensive Portfolio of Targets
EXTENSIVE PORTFOLIO OF TARGETS Lemare Project Sample location map Sources: TSX-V:CRE 23
Slide 24: Goldspot Targeting
GOLDSPOT TARGETING Plan View – LCT Pegmatite ML Prediction (1) Grab samples results, Press release october 27th 2022 TSX-V:CRE 24
Slide 25: 2016 – 2017 Drilling Programs
2016 – 2017 DRILLING PROGRAMS Isometric View – Looking NNE – Geological Interpretation TSX-V:CRE 25
Slide 26: 2023 Drilling Program
2023 DRILLING PROGRAM Isometric View – Looking NNE – Pegmatite Zones Model TSX-V:CRE 26
Slide 27: 2023 Drilling Program
2023 DRILLING PROGRAM Plan View – Project Scale Geology TSX-V:CRE 27
Slide 28: 2023 Drilling Program
2023 DRILLING PROGRAM Isometric View – Looking NNE TSX-V:CRE 28
Slide 29: Rose Expansion Potential
ROSE EXPANSION 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 30: Appendix
CriticalElements @ ithium Corporation APPENDIX T rs2kv:cRe
Slide 31: 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 31
Slide 32: 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 33: Mine Infrastructure Layout
MINE INFRASTRUCTURE LAYOUT TSX-V:CRE 33
Slide 34: 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 34
Slide 35: 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 36: 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 37: 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 38: 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 39: 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 40: 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 41: 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 42: Operations Team
OPERATIONS TEAM LLOYD MAYAPPO Cree Relation Coordinator Mr. Lloyd Mayappo has more than 30 years of experience as a foreman, project manager and contact person within the Eastmain Cree Nation. He has served 12 years in the political field as Councillor and Chief for Cree Nation of Eastmain with an e
Slide 43: 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