Critical Elements Announces the Appointment of Mr.patrick Laperrière
PRESS RELEASE
CRITICAL ELEMENTS ANNOUNCES THE APPOINTMENT OF MR.PATRICK LAPERRIÈRE
NOVEMBER 17, 2021 – MONTREAL , QUEBEC – CRITICAL ELEMENTS LITHIUM CORPORATION (the
“Corporation ” or “ Critical Elements ”) (TSX.V: CRE) (FSE: F12) is pleased to announce t he
appointment of Patrick Laperrière, CFA, as Director of Investor Relations and Corporate
Development.
Patrick is an investment professional with over twenty years of experience in portfolio management
and capital markets. Prior to joining Critical Elements Lithium Corporation, he was responsible for
portfolios specializing in natural resources as wel l as Canadian and American small-cap public
shares at la Caisse de dépôt et placement du Québec from 1998 to 2003. He then held roles at
major brokerage firms, such as Canaccord, RBC, Indu strial Alliance and Macquarie, where he
developed close relationships with institutional asset managers. These experiences allowed him to
acquire excellent knowledge of company analysis and investment portfolio structure. He graduated
from the University of Montreal with a Bachelor's d egree in Mathematics and a Certificate in
Economics. He is also a CFA charter holder (Chartered Financial Analyst) from the CFA Institute.
In connection with this appointment, Patrick has be en awarded 200,000 stock options of the
Corporation at an exercise price of $1.74 per share for a term of five years. These options will vest
over a 12-month period at a rate of 25% per quarter . The options are granted in accordance with
the Policy 4.4 of the TSX Venture Exchange and the terms and conditions of the Company’s Stock
Option Plan .
“We are very proud to have Patrick join our team. Critical Elements expects to benefit from his many
years of experience and relationships”, declared Jean-Sébastien Lavallée, Chief Executive Officer of the
Company.
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 squ are kilometers. In 2017, the Corporation
completed a feasibility study on Rose for the produ ction of spodumene concentrate. The internal
rate of return for the Project is estimated at 34.9% after tax, with a net present value estimated at
C$726 million at an 8% discount rate. In the Corpor ation’s view, Quebec is strategically well-
positioned for US and EU markets and boasts good infrastructure including a low-cost, low-carbon
power grid featuring 93% hydroelectricity. The proj ect has received approval from the Federal
Minister of Environment and Climate Change on the r ecommendation 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.Geo.
Chief Executive Officer
819-354-5146
www.cecorp.ca
Cautionary statement concerning forward-looking statements
This news release contains “forward-looking informa tion” within the meaning of Canadian Securities
legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology
such as “scheduled”, “anticipates”, “expects” or “d oes not expect”, “is expected”, “scheduled”, “targe ted”, or
“believes”, or variations of such words and phrases or statements that certain actions, events or results “may”,
“could”, “would”, “might” or “will be taken”, “occu r” or “be achieved”. Forward-looking information co ntained
herein include, without limitation, statements rela ting to the completion of the Project’s approval, t he
completion of the provincial permitting process, mi neral reserve estimates, mineral resource estimates ,
realization of mineral reserve and resource estimates, capital and operating costs estimates, the timi ng and
amount of future production, costs of production, s uccess of mining operations, the ranking of the pro ject in
terms of cash cost and production, permitting, economic return estimates, power and storage facilities, life of
mine, social, community and environmental impacts, lithium and tantalum markets and sales prices, off-take
agreements and purchasers for the Corporation’s pro ducts, environmental assessment and permitting,
securing sufficient financing on acceptable terms, opportunities for short and long term optimization of the
Project, and continued positive discussions and rel ationships with local communities and stakeholders.
Forward-looking information is based on assumptions management believes to be reasonable at the time such
statements are made. There can be no assurance that such statements will prove to be accurate, as actu al
results and future events could differ materially f rom those anticipated in such statements. According ly,
readers should not place undue reliance on forward-looking information.
Although Critical Elements has attempted to identify important factors that could cause actual results to differ
materially from those contained in forward-looking information, there may be other factors that cause results
not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from
expected results described in forward-looking information include, but are not limited to: the completion of the
Project’s approval, the completion of the provincia l permitting process, Critical Elements’ ability to secure
sufficient financing to advance and complete the Pr oject, uncertainties associated with the Corporatio n’s
resource and reserve estimates, uncertainties regarding global supply and demand for lithium and tanta lum
and market and sales prices, uncertainties associat ed with securing off-take agreements and customer
contracts, uncertainties with respect to social, co mmunity and environmental impacts, uncertainties wi th
respect to optimization opportunities for the Project, as well as those risk factors set out in the Co rporation’s
year-end Management Discussion and Analysis dated August 31, 2020, the Corporation’s Annual Information
Form dated August 3, 2021, and other disclosure documents available under the Corporation’s SEDAR profile.
Forward-looking information contained herein is made as of the date of this news release and Critical Elements
disclaims any obligation to update any forward-look ing information, whether as a result of new informa tion,
future events or results or otherwise, except as required by applicable securities laws.
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.