Latest news with #CriticalElementsLithiumCorporation
Associated Press
26-02-2025
- Business
- Associated Press
Critical Elements Lithium Obtains Its First Environmental Authorization to Prepare Rose Lithium-Tantalum Site for Construction
MONTRÉAL, QC / ACCESS Newswire / February 26, 2025 / Critical Elements Lithium Corporation (TSX-V:CRE)(US OTCQX:CRECF)(FSE:F12) ('Critical Elements' or the 'Corporation') is pleased to announce the receipt of the first environmental authorization required for the construction and implementation of its Rose Lithium-Tantalum project ('Rose' or 'Project'), in accordance with section 22 of the Environment Quality Act (Québec). This environmental authorization is the next essential step for site preparation leading to construction of the Project and permits Critical Elements to carry out the activities described below: stripping of an equipment and materials storage area (in the area of the future pit); stripping and developing part of the future overburden pile; stacking of organic matter and overburden on the overburden pile; and building temporary water management infrastructure. In accordance with the terms of the environmental authorization received by the Corporation, wetland site preparation activities must begin within two years of the date of issue of the authorization. Furthermore, the Corporation expects to be in a position to commence the activities subject to this authorization once all the conditions mentioned in the Federal and Provincial Project approvals have been met (see news releases of the Corporation dated August 11, 2021, November 2, 2022 and August 14, 2024 for more information relating to these project approvals), the required Project financing has been obtained and a Final Investment Decision is made. Yves Perron, Vice President of Engineering, Construction and Operations said: 'Today's news represents one of the important steps to allow construction to begin at our Rose Lithium-Tantalum site. To date, we can say that the application process for authorization is well underway. This work will be carried out in compliance with current environmental standards, thus guaranteeing responsible and sustainable management of the Rose Lithium-Tantalum site.' Qualified Person Yves Perron, is the Qualified Person who has reviewed and approved the technical content of this press release on behalf of the Corporation. About Critical Elements Lithium Corporation Critical 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 Lithium-Tantalum 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 infrastructure including a low-cost, low-carbon power grid featuring 94% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government, received the Certificate of Authorization pursuant to section 164 of Québec's Environment Quality Act from the Québec Minister of the Environment, the Fight against Climate Change, Wildlife and Parks, and the project mining lease from the Québec Minister of Natural Resources and Forests under the Québec Mining Act. For further information, please contact: Jean-Sébastien Lavallée Chief Executive Officer 819-354-5146 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is described in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary statement concerning forward-looking statements This news release contains 'forward-looking information' within the meaning of Canadian Securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'scheduled', 'anticipates', 'expects' or 'does not expect', 'is expected', 'scheduled', 'targeted', or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking information contained herein include, without limitation, statements relating to expectations regarding Rose project-level activities, notably, (i) completion of the permitting and authorization process, and completion of the work related thereto (ii) securing a strategic partnership and project financing leading to a Final Investment Decision and (iii) respecting the Rose project ramp up and commissioning timeline, expectations regarding potential value creation from ongoing and future exploration activities on the Corporation's projects, and the Corporation's ongoing business plan. Such forward-looking information and statements are based on numerous assumptions, including that general business and economic conditions will not change in a material adverse manner, that fundamentals of lithium / spodumene demand and EV market growth and capacity will continue to be strong, that project financing will be available on reasonable terms, and that governmental and other approvals required to conduct the Company's development activities and planned exploration will be available on reasonable terms and in a timely manner. Although the assumptions made by the Corporation in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. Although Critical Elements has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking information include, but are not limited to: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, reliance on key management and other personnel, potential downturns in (i) general economic conditions, (ii) demand for lithium / spodumene and (iii) EV market growth, capacity and demand, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, risks generally associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals, as well as those risk factors set out in the Corporation's Management Discussion and Analysis for its most recent quarter ended November 30, 2024 and other disclosure documents available under the Corporation's SEDAR+ profile ( Forward-looking information contained herein is made as of the date of this news release. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
Yahoo
07-02-2025
- Business
- Yahoo
Critical Elements Lithium Leads 3 Promising Penny Stocks On TSX
The Canadian market has been navigating a period of uncertainty, with the Bank of Canada cutting rates amid concerns over potential U.S. tariffs, while the economy showed signs of contraction in November. Despite these challenges, opportunities remain for investors seeking growth potential in smaller or newer companies. Penny stocks, a term that may seem outdated but still relevant, can offer surprising value when backed by strong financial health and stability. Name Share Price Market Cap Financial Health Rating Alvopetro Energy (TSXV:ALV) CA$5.00 CA$180.96M ★★★★★★ Silvercorp Metals (TSX:SVM) CA$4.73 CA$1.03B ★★★★★★ Mandalay Resources (TSX:MND) CA$4.68 CA$439.49M ★★★★★★ Pulse Seismic (TSX:PSD) CA$2.38 CA$120.49M ★★★★★★ Foraco International (TSX:FAR) CA$2.36 CA$236.24M ★★★★★☆ Findev (TSXV:FDI) CA$0.50 CA$14.9M ★★★★★★ PetroTal (TSX:TAL) CA$0.70 CA$628.96M ★★★★★★ NamSys (TSXV:CTZ) CA$1.00 CA$26.06M ★★★★★★ East West Petroleum (TSXV:EW) CA$0.04 CA$3.62M ★★★★★★ DIRTT Environmental Solutions (TSX:DRT) CA$1.14 CA$226.29M ★★★★☆☆ Click here to see the full list of 934 stocks from our TSX Penny Stocks screener. We'll examine a selection from our screener results. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Critical Elements Lithium Corporation focuses on acquiring, exploring, and developing mining properties in Canada with a market cap of CA$82.21 million. Operations: Currently, there are no reported revenue segments for the company. Market Cap: CA$82.21M Critical Elements Lithium Corporation, with a market cap of CA$82.21 million, has recently transitioned to profitability, reporting a net income of CA$1.01 million for the first quarter ending November 2024. The company is pre-revenue with less than US$1m in revenue but has shown significant improvement from a net loss position in previous periods. Its short-term assets significantly exceed both short and long-term liabilities, and it operates debt-free, reducing financial risk. Despite trading at 89.7% below estimated fair value and having stable weekly volatility over the past year, its return on equity remains low at 2.1%. Click to explore a detailed breakdown of our findings in Critical Elements Lithium's financial health report. Explore Critical Elements Lithium's analyst forecasts in our growth report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Gatekeeper Systems Inc. designs, manufactures, markets, and sells video security solutions for mobile and transportation environments focused on children, passengers, and public safety in Canada and the United States with a market cap of CA$49.67 million. Operations: The company generates CA$35.27 million in revenue from its electronic security devices segment. Market Cap: CA$49.67M Gatekeeper Systems Inc., with a market cap of CA$49.67 million, reported Q1 2025 sales of CA$7.28 million, down from CA$9.82 million the previous year, and net income of CA$0.36 million compared to CA$2.39 million a year ago, reflecting its ongoing unprofitability despite reducing losses over five years by 16.5% annually. The company stands out for its debt-free status and robust short-term assets (CA$19.7M) exceeding both long-term liabilities (CA$625K) and short-term liabilities (CA$2.5M). Recent contract completions bolster its position in the electronic security devices sector amidst stable weekly volatility. Jump into the full analysis health report here for a deeper understanding of Gatekeeper Systems. Explore historical data to track Gatekeeper Systems' performance over time in our past results report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: High Tide Inc. operates in the cannabis retail sector across Canada, the United States, and internationally, with a market cap of CA$326.83 million. Operations: The company's revenue is primarily derived from its Bricks and Mortar segment, contributing CA$484.44 million, while the E-commerce segment accounts for CA$37.86 million. Market Cap: CA$326.83M High Tide Inc., with a market cap of CA$326.83 million, has shown revenue growth in its recent earnings report, achieving CA$522.31 million for the full year ending October 2024, up from CA$487.67 million the previous year. Despite being unprofitable with a net loss of CA$4.34 million, this is a significant improvement from the prior year's loss of CA$39.31 million. The company maintains over three years' cash runway due to positive free cash flow and reduced debt levels over five years from 255.1% to 23.6%. High Tide's expansion strategy includes opening new retail locations under its Canna Cabana brand across Canada. Click here and access our complete financial health analysis report to understand the dynamics of High Tide. Assess High Tide's future earnings estimates with our detailed growth reports. Unlock our comprehensive list of 934 TSX Penny Stocks by clicking here. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Jump on the AI train with fast growing tech companies forging a new era of innovation. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSXV:CRE TSXV:GSI and TSXV:HITI. Have feedback on this article? 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Associated Press
06-02-2025
- Business
- Associated Press
Critical Elements Lithium Corporation Obtains Conditional $20 Million in Federal Funding for Critical Minerals Infrastructure Project
MONTRÉAL, QC / ACCESS Newswire / February 6, 2025 / Critical Elements Lithium Corporation (TSXV:CRE)(OTCQX:CRECF)(FSE:F12) ('Critical Elements' or the 'Corporation') is pleased to announce that it has been conditionally approved for up to $20 million funding from the Government of Canada to relocate 4.2 kilometres of power transmission line infrastructure and build a new electrical sub-station to supply Critical Elements' Rose Lithium-Tantalum Project in Eeyou Istchee James Bay, Québec (the 'Rose Lithium-Tantalum Project'). This funding comes from the Critical Minerals Infrastructure Fund (the 'CMIF'), Natural Resources Canada's flagship program under the Canadian Critical Minerals Strategy to support transportation and clean energy infrastructure projects needed to increase the supply of critical minerals in Canada, as well as the development of national and global value chains in support of a green and digital economy. Subject to final due diligence, settlement of definitive documentation, and other customary conditions, Natural Resources Canada has approved a conditionally repayable funding of up to $20 million under the CMIF for this infrastructure project that will support the development of Rose Lithium-Tantalum Project. Jean-Sébastien Lavallée, CEO of Critical Elements, expressed his excitement about this funding during this important phase of the Rose Lithium-Tantalum Project: 'On behalf of Critical Elements Lithium Corporation and its shareholders, I would like to thank Natural Resources Canada and Innovation, Science and Economic Development Canada, and Quebec's Ministry of Natural Resources and Forests for their support of the Rose Lithium-Tantalum Project. Critical Elements Lithium has been steadily advancing and derisking the Rose Lithium-Tantalum Project and the provision of these funds is an important step in this process. We would also like to note the importance of our strong relationship with our Cree neighbours, embodied by the Pihkuutaau Agreement of July 2019 and based on mutual trust and respect, resulting in a sustainable development approach. It is clear from our ongoing discussions with end-users of the high quality spodumene concentrate to be produced from the Rose Lithium-Tantalum Project, that a great value is placed on the demanding standards of sustainability and governance honed by the rigorous permitting processes at the Provincial and Federal levels, as well as our relationship with the Cree. We remain confident that our Nation's natural resource endowment, high standards of production, and proximity to two of the most important global markets, will support our drive to be an industry leader in the ongoing global energy transition.' 'This project, under the Canadian Critical Minerals Strategy, will help expand Quebec's sustainable critical minerals production, notably rare earths that are used in electronics, clean energy, aerospace, automotive and defence', said the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources Canada. 'Developments like this help mines get built faster, and they are a key element in seizing the generational opportunity before us. The Government of Canada is supporting projects that strengthen Canada's supply chains, enhance our ability to be a reliable supplier of the critical minerals the world is demanding and foster economic growth while creating good jobs.' This support and funding from the Government of Canada reflects the importance of Indigenous engagement and collaboration in developing key infrastructure in Northern Québec. It also recognizes the role this infrastructure project will play in supporting Critical Elements' vision to become a large-scale, sustainable and reliable supplier of lithium for the emerging electric vehicle and energy storage industries through valuable partnerships with the Corporation's stakeholders based on care, respect, accountability, integrity & collaboration to the growing EV and energy storage markets. About Critical Elements Lithium Corporation Critical 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 Lithium-Tantalum 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 infrastructure including a low-cost, low-carbon power grid featuring 94% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government, received the Certificate of Authorization pursuant to section 164 of Québec's Environment Quality Act from the Québec Minister of the Environment, the Fight against Climate Change, Wildlife and Parks, and the project mining lease from the Québec Minister of Natural Resources and Forests under the Québec Mining Act. For further information, please contact: Jean-Sébastien Lavallée, P. Géo. Chief Executive Officer 819-354-5146 [email protected] Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is described in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary statement concerning forward-looking statements This news release contains 'forward-looking information' within the meaning of Canadian Securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'scheduled', 'anticipates', 'expects' or 'does not expect', 'is expected', 'scheduled', 'targeted', or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking information contained herein should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future events or performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including, if CMIF and Natural Resources Canada will be satisfied with their final due diligence on the Corporation's Rose Lithium-Tantalum Project and the two infrastructure projects that will be subject to the funding (the 'Infrastructure Projects'), if the Corporation will enter into a written funding agreement with Natural Resources Canada (the 'Funding Agreement') on terms acceptable to it, as well as the timing to enter into such Funding Agreement, if the Corporation will incur eligible expenditures in connection with the Infrastructure Projects and if the Corporation will receive any funds under the CMIF and timing to receive them, if any. Such forward-looking information and statements are based on numerous assumptions, including that general business and economic conditions will not change in a material adverse manner, that fundamentals of lithium / spodumene demand and EV market growth and capacity will continue to be strong, that project financing will be available on reasonable terms, and that governmental and other approvals required to conduct the Corporation's development activities and planned exploration will be available on reasonable terms and in a timely manner. Although the assumptions made by the Corporation in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. Although Critical Elements has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking information include, but are not limited to: changes to the Infrastructure Projects or to the development plans of the Corporation's Rose Lithium-Tantalum Project,negative operating cash flow and dependence on third party financing, uncertainty of additional financing, reliance on key management and other personnel, potential downturns in (i) general economic conditions, (ii) demand for lithium / spodumene and (iii) EV market growth, capacity and demand, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, risks generally associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals, as well as those risk factors set out in the Corporation's Management Discussion and Analysis for its most recent quarter ended November 30, 2024 and other disclosure documents available under the Corporation's SEDAR+ profile at Forward-looking information contained herein is made as of the date of this news release. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Corporation undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
