Critical Elements Lithium Corporation Provides Summer Exploration Plans

Published: 2025-05-12 07:55:00 ET CRE.V

Published on 05/12/2025 at 07:55, updated on 05/12/2025 at 09:06

Critical Elements Lithium Corporation announced the recommencement of active exploration on its highly prospective, 1,050 square kilometre land portfolio, including the 100% owned Nemaska Belt properties. An important helicopter-borne electromagnetic VTEM plus time-domain system ("VTEM") survey covering the Nemaska Belt group of properties in the Eeyou Istchee region of Quebec has been completed. The 2,701-line kilometre VTEM survey executed by Geotech Airborne Geophysical Survey covers the entire ty of Critical Elements' 100%-owned Nemaska Belt properties with flight lines at a 200-metre spacing.

The objective of the survey was to identify conductors that could correlate with high-grade Nickel-Copper-PGE mineralization and define high-priority drill targets. The Corporation plans to begin a surface exploration program on the Nemaska Belt portion of the portfolio and the Rose blocks at the end of May and intends to pursue a prospecting, mapping, and sampling program until late August. Dahrouge Geological Consulting Ltd. ("Dahrouge") has been mandated to perform the summer exploration program targeting potentially economic mineralization including high-grade Nickel-Co Copper-PGE as well as lithium-bearing spodumene.

Management continues to be engaged in assembling the funding required to make a final investment decision on the Corporation's Rose Lithium -Tantalum project. These efforts build on the $20 million conditional funding from Natural Resources Canada's Critical Minerals Infrastructure Fund and the support letter from a leading Canadian financial institution stating its interest in providing long term debt financing of up to USD 115 million (approximately CAD 150 million) of project debt.