Critical Elements Lithium chair highlights huge potential of Rose Project in Quebec - PDAC 2024
March 18, 2024 at 10:27 pm IST
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Critical Elements Lithium Corp (TSX-V:CRE, OTCQX:CRECF) chair Eric Zaunscherb joins Proactive's Angela Harmantas at PDAC 2024 to discuss the company's advanced Rose Lithium Tantalum Project in Quebec.
Zaunscherb said the North American hardrock lithium project stands out with a robust feasibility study revealing a $2.2 billion NPV and a 66% IRR after tax. Despite current market challenges, the project maintains its vigor with strategic exploration updates and a significant focus on project financing, aiming to raise $600 million Canadian.
Zaunscherb highlighted the experienced management team's expertise in navigating the lithium market, positioning the Rose Project as a cornerstone in the evolving EV market landscape.
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Critical Elements Lithium Corp is a Canada-based mining exploration company. The Company is engaged in the acquisition, exploration, development and processing of critical minerals mining properties in Canada. Its projects include Rose Lithium-Tantalum, Rose North, Rose South, Arques, Bourier, Dumulon, Duval, Nisk, Lemare, Caumont, and Valiquette. The Rose Lithium-Tantalum property consists of over 473 claims covering a total area of over 246.55 square kilometers (km2). It lies in the northeastern part of Superior Province, within the Eastmain greenstone belt. The Rose North property consists of about 31 claims covering a total area of over 16.14 km2. The Arques Property is composed of one block totaling around 136 claims covering an area of 6,840.93 hectares (ha) over 18 kilometers (kms) in length in a Southwest-Northeast direction. The Bourier Property is comprised of over 304 claims with an area of 15,616.47 ha for over 30 kms. The Rose South property consists of over 280 claims.