A NNUAL M EETING A PRIL 21 , 201 7 – M ONTREAL , Q UE BEC – C ritical Elements C orporation (TSX - V : CRE) (US OTCQX : CRE CF) (FSE : F12) announce that, at its annual meeting held on
PRESS RELEASE
A NNUAL M EETING
A PRIL 21 , 201 7 – M ONTREAL , Q UE BEC – C ritical Elements C orporation (TSX - V : CRE) (US OTCQX :
CRE CF) (FSE : F12) announce that, at its annual meeting held on April 21 , 201 7 , shareholders of the
Company ap proved all the items, including:
Election of Jean - Sébastien Lavallée, Jean - Fran çois Meilleur, Richard Saint - Jean, Jean - Raymond
Lavallée, Marc Simpson and Matthew Starnes Lauriston as d irectors ;
The appointment of KPMG s.r.l./S.E.N.C.R.L. as auditors of the Corporation for the current financial
year.
The shareholders also proposed and approved the appointment of Dr. Steffen Haber as an additional
director of the Company, bringing the number of directors to seven.
D r. Haber was President and Chief Executive Officer of Rockwood Lithium GmbH when Chemetall GmbH
was legally split off in 2012. From 20 11 to 201 2 , he was Managing Director of Chemetall Gm bH and since
2007 President of Chemetall’s Lithium business. Prior to joining Chemetall GmbH, Dr. Haber worked in
different executive positions for Sanofi - Aventis SA and its predecessor companies , in France. Dr. Haber
completed his doctorate in organic che mistry at the University of Kaiserslautern, Germany, in 1991 and
added one year as a Post - Doc at Ecole Polytechnique in Paris. In 1997, D r. Haber earned his Bachelor of
Science in Management from the International School of Management in San Diego, in the United States.
Dr. Haber is a fellow of the International Directors Program of INSEAD.
A BOUT C RITICAL E LEMENTS C ORPORATION
A recent financial analysis (Technical Report and Preliminary Economic Assessment (PEA) on the Rose
lithium - tantalum Project, Geniv ar, December 2011) of the Rose project, 100% owned by Critical Elements,
based on price forecasts of US $260/kg ($118/lb) for Ta 2 O 5 contained in a tantalite concentrate and US
$6,000/t for lithium carbonate (Li 2 CO 3 ) showed an estimated after - tax Internal Rate of Return (IRR) of 25%
for the Rose project, with an estimated Net Present Value (NPV) of CA $279 million at an 8% discount rate.
The payback period is estimated at 4.1 years. The pre - tax IRR is estimated at 33 % and the NPV at CA
$488 million at a discount rate of 8%. (Mineral resources are not mineral reserves and do not have
demonstrated economic viability). (The preliminary economic assessment is preliminary in nature). (See
press release dated November 21, 2011.) The PEA includes inferred mineral resources that are considered
too speculative geologically to have economic considerations applied to them that would enable them to be
categorized as mineral reserves and there is no certainty that the preliminary economic assessment will be
realized.
The conclusions of the PEA indicate that the operation would support a production rate of 26,606 tons of
high purity (99.9% battery grade) Li 2 CO 3 and 206,670 pounds of Ta 2 O 5 per year over a 17 - year mine life.
The pro ject hosts a current Indicated resource of 26.5 million tonnes of 1.30% Li 2 O Eq. or 0.98% Li 2 O and
163 ppm Ta 2 O 5 and an Inferred resource of 10.7 million tonnes of 1.14% Li 2 O Eq. or 0.86% Li 2 O and 145
ppm Ta 2 O 5 .
FOR MORE INFORMATION:
Jean - Sébastien Lavallée, P.Geo.
Chairman and Chief Executive Officer
819 - 354 - 5146
jslavalle@ cecorp.ca
www.cecorp.ca
Investor Relations:
Paradox Public Relations
514 - 341 - 0408
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