Critical Elements Announces the Appointment of Mrs . Ani Markova as Director and the Results from the Annual Shareholders Meeting
PRESS RELEASE
CRITICAL ELEMENTS ANNOUNCES THE APPOINTMENT OF MRS . ANI MARKOVA AS
DIRECTOR AND THE RESULTS FROM THE ANNUAL SHAREHOLDERS MEETING
SEPTEMBER 17, 2021 – MONTREAL , QUEBEC – CRITICAL ELEMENTS LITHIUM CORPORATION (the
“Corporation ” or “ Critical Elements ”) (TSX.V: CRE) (US OTCQX: CRECF) (FSE: F12) is pleased
to announce that at its Annual shareholders meeting (the “ Meeting ”) held on September 16, 2021,
shareholders of the Corporation approved all the resolutions, as follows:
Election of Eric Zaunscherb, Jean-Sébastien Lavall ée, Steffen Haber, Marc Simpson,
Matthew Lauriston Starnes, Marcus Brune, Ani Markova as directors; and
Appointment of KPMG LLP as auditors.
The Board of Directors of the Corporation is please d to announce the appointment of Mrs. Ani
Markova, MBA, CFA, CDI.D as an Independent Director.
Mrs. Markova is a senior executive and an award-win ning portfolio manager with more than 15
years of experience investing in the mining and met als industry. She is currently a corporate
director with Golden Star Resources and SilverCrest Mining. She is the Chair of the Safety,
Environmental and Social Sustainability Committee at SilverCrest and a member of the Corporate
Responsibility Committee at Golden Star. She also s its on their Audit and Governance and
Compensation committees. She is the Founder and CEO of Investor View Advisory, which is
engaged with public companies on Environmental, Soc ial and Governance (ESG) reporting and
integration. Mrs. Markova holds an MBA from George Washington University in Washington DC,
Chartered Financial Analyst (CFA), Canadian Investm ent Management (CIM), and Corporate
Board International (CDI.D) designations.
In connection with this appointment, Mrs. Markova has been awarded 200,000 stock options of the
Corporation at an exercise price of $1.35 per share for a term of five years.
“We are pleased to appoint Mrs. Ani Markova to the Critical Elements Board of Directors,” stated
Jean-Sébastien Lavallée, CEO of Critical Elements. “Her governance, advisory, investor,
professional and executive experience strengthens a nd complements the experiences of our
incumbent Board of Directors.”
Mr. Charles B. Main and Mr. Jean-Raymond Lavallée w ere not standing for re-election at the
Meeting held on September 16, 2021. "The Board of Directors thanks both Mr. Main and Mr.
Lavallée for their contributions during their tenur es, " said Eric Zaunscherb, Chairman of the
Corporation.
ABOUT CRITICAL ELEMENTS LITHIUM CORPORATION
Critical Elements Lithium Corporation aspires to become a large, responsible supplier of lithium to
the flourishing electric vehicle and energy storage system industries. To this end, Critical Elements
Lithium is advancing the wholly owned, high purity Rose lithium project in Quebec. Rose is the
Company’s first lithium project to be advanced within a highly prospective land portfolio of over 700
square kilometers. In 2017, the Company completed a robust feasibility study on Rose Phase 1 for
the production of high quality 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. Capital cost parameters were confirmed in 201 9 by Primero Group in the context of a
Guaranteed Maximum Price under an Early Contractor Involvement agreement, as a prelude to an
Engineering, Procurement and Construction process. Detailed engineering for Phase I is expected
to conclude this year as the Company plans to deliver technical studies for Phase II; the conversion
of spodumene concentrate to high quality lithium hy droxide. In the Company’s view, Quebec is
strategically well-positioned for US and EU markets and boasts exceptional infrastructure including
a low-cost, low-carbon power grid featuring 93% hyd roelectricity. The project has received
approval from the Federal Minister of Environment and Climate Change on the recommendation of
the Joint Assessment Committee, comprised of repres entatives from the Impact Assessment
Agency of Canada and the Cree Nation Government; we await similar approval under the Quebec
environmental assessment process near-term. The Com pany also has a strong, 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 Company’s products, 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 relationships wi th local communities and stakeholders. Forward-look ing
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 actual results and future
events could differ materially from those anticipated in such statements. Accordingly, 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 Company’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 Proje ct, as well as those risk factors set out in the Co mpany’s
year-end Management Discussion and Analysis dated A ugust 31, 2020, the Company’s Annual Information
Form dated August 3, 2021, and other disclosure documents available under the Company’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.