Critical Elements Announces Receipt FOR Final Short -Form Prospectus
PRESS RELEASE
CRITICAL ELEMENTS ANNOUNCES RECEIPT FOR FINAL SHORT -FORM PROSPECTUS
December 1, 2021 – MONTRÉAL, QUÉBEC – Critical Elements Lithium Cor poration (TSX-V: CRE) (US
OTCQX: CRECF) (FSE: F12) (the “ Corporation ” or “ Critical Elements ”) announces that it has obtained a
receipt for the final short-form prospectus dated N ovember 29, 2021 in respect of its recently announc ed
“bought deal” underwritten offering (the “ Offering ”) (see the press release dated November 4, 2021 fo r
details of the Offering). The Corporation anticipates that the closing of the Offering will occur on December
3, 2021.
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 project in Quebec. Rose is the Corporation’s first lithium project to be advanced within
a land portfolio of over 700 square kilometers. In 2017, the Corporation completed a feasibility study on
Rose for the production of spodumene concentrate. The internal rate of return for the Project is estimated
at 34.9% after tax, with a net present value estima ted at C$726 million at an 8% discount rate. In the
Corporation’s view, Quebec is strategically well-po sitioned for US and EU markets and boasts good
infrastructure including a low-cost, low-carbon pow er grid featuring 93% 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; The Corporation is working to obtain similar approval under the
Quebec environmental assessment process. The Corporation also has a good, formalized relationship with
the Cree Nation.
For further information, please contact:
Jean-Sébastien Lavallée, P. Géo
Chief Executive Officer
819-354-5146
www.cecorp.ca
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 press release contains “forward-looking inform ation” within the meaning of applicable securities laws, including
statements with regard to the closing date of the Offering as well as our objectives and the strategies to achieve these
objectives. Forward-looking information involves kn own and unknown risks and uncertainties, many of wh ich are
beyond the Corporation’s control that could cause actual results to differ materially from those that are disclosed in or
implied by such forward-looking information. Forwar d-looking information is based on management’s beli efs and
assumptions and on information currently available to management. Although the forward-looking informa tion
contained in this press release is based upon what management believes are reasonable assumptions, you are
cautioned against placing undue reliance on this in formation since actual results may vary from the fo rward-looking
information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in
this press release is provided as of the date of this press release, and the Corporation does not undertake to update or
amend such forward-looking information whether as a result of new information, future events or otherwise, except as
may be required by applicable law.