C RITICAL E LEMENTS SUBMITS AN E NVIRONMENTAL IMPACT STUDY FOR ITS R OSE L ITHIUM - T ANTALUM P ROJECT A UGUST 2 ND , 2017 - M ONTREAL , Q UEBEC – Critical Elements Corporation (the “Corporation” or “Critical Elements”) (TSX - V: CRE) (US OTCQX: CRECF) (FSE: F12) has announced that its environmental
PRESS RELEASE
C RITICAL E LEMENTS SUBMITS AN E NVIRONMENTAL IMPACT STUDY
FOR ITS R OSE L ITHIUM - T ANTALUM P ROJECT
A UGUST 2 ND , 2017 - M ONTREAL , Q UEBEC – Critical Elements Corporation (the “Corporation” or “Critical
Elements”) (TSX - V: CRE) (US OTCQX: CRECF) (FSE: F12) has announced that its environmental
impact study ( “ EI S ” ) for the Rose L ithium - T antal um P roject was officially submitted to the Environmental
and Social Impact Review Committee ( “Committee” or “COMEX” ) and the Canadian Environmental
Assessment A gency ( “ C EAA ” ).
S ubmission of the EIS, which was developed by WSP, is an important step in the process of obtaining
authorization for the project. The EIS was submitted to COMEX in accordance with Chapter II of the
Quebec Environment Quality Act and to t he CEAA in accordance with the Canadian Environmental
Assessment Act ( 2012).
The environmental impact study conducted as part of the potential startup of the Rose Project sets out
the environmental footprint of the project, the methods for identifying po tential social and territorial
impacts, and the various initiatives proposed .
“The EIS is a recognized tool for ensuring better integration of projects in the community and contributing
to sustainable development," said Jean - Sébastien Lavallée, Chairman a nd CEO of the Company .
“Submitting this study is very important to us and it represents a major step in the process to bring about
the Rose L ithium - T antalum P roject . We believe it’s critical to carefully analyze the impacts, both
environmental and social, and we will improve each and every aspect that we can. The study is now in
the hands of competent authorities and we are open to discussing findings and next steps with them.”
Jean - Sébastien Lavallée (OGQ # 773), geologist, shareholder, Chairman and CEO of the Corporation,
and “Qualified Person” under Regulation 43 - 101, revised and approved the technical content of this press
release .
A BOUT C RITICAL E LEMENTS C ORPORATION
A recent financial analysis (Technical Report and Preliminary Economic Assessment (PE A) on the Rose
lithium - tantalum Project, Genivar, 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 a t 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 prelimin ary
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 project 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 .
INFORMATION
Investor r elations:
Jean - Sébastien Lavallée, P. Geo.
Chairman and CEO
819 - 354 - 5146
www.cecorp.ca
Paradox Public Relations
514 - 341 - 0408
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(as that term is described in the policies of the TS X Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.