Critical Elements Grants Stock Options, RSUs and DSUs
1
PRESS RELEASE
Critical Elements Grants Stock Options, RSUs and DSUs
November 8 th , 2022 - MONTRÉAL, QUÉBEC – Critical Elements Lithium Corporation (TSX-V: CRE) (US
OTCQX: CRECF) (FSE: F12) ( "Critical Elements" or the "Corporation" ) is announcing the grant of stock
options and restricted share units (“ RSUs ”) to management as part of a short and long-term i ncentive
program as determined by the Board, and deferred sh are units (“ DSUs ”) to the independent directors in
accordance with the Corporation’s Omnibus Equity In centive Plan adopted at the last annual and special
meeting of shareholders.
The Board has approved the grant of an aggregate of 279,475 RSUs, 78,603 DSUs, and 504,332 stock
options to the independent directors and management of the Corporation. The Omnibus Equity Incentive
Plan’s objective is to create an incentive compensation program that is aligned with the Corporation’s long-
term objectives.
Each vested RSU and DSU can be redeemed for one ful ly paid and non-assessable common share of
Critical Elements issued from treasury. The number of RSUs and DSUs granted was calculated based on
the compensation that is to be paid to the management or directors, as determined by the Board, by dividing
(i) the amount of any compensation that is to be pa id in RSUs/DSUs by (ii) the closing market price of
Critical Elements’ common shares on the TSX Venture Exchange as at November 7, 2022.
For management, 104,803 RSUs granted will vest one year following their date of grant in common shares
of the Corporation and 174,672 RSUs will vest in fo ur equal tranches starting one year from their date of
grant.
Stock options to independent directors and management were granted with a 5-year term with an exercise
price of $2.29 per common share, which represents the closing market price of Critical Elements’ common
shares on the TSX Venture Exchange as at November 7, 2022.
In accordance with the Omnibus Equity Incentive Pla n, where a participant’s employment, consulting
agreement or arrangement is terminated or the participant ceases to hold office or his or her position (the
“Termination Date ”), as applicable, then any stock option, RSUs or DSUs held by the participant that has
not been exercised as of the Termination Date shall be immediately forfeited and cancelled as of the
Termination Date.
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 Québec, the Corporat ion’s first lithium project to be advanced within a land
portfolio of over 700 square kilometers. On June 13 th , 2022, the Corporation announced results of a
feasibility study on Rose for the production of spodumene concentrate. The after-tax internal rate of return
for the Project is estimated at 82.4%, with an esti mated after-tax net present value of US$1.9 B at an 8%
discount rate. In the Corporation’s view, Québec 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
project has received approval from the Federal Mini ster of Environment and Climate Change on the
recommendation of the Joint Assessment Committee, c omprised of representatives from the Impact
Assessment Agency of Canada and the Cree Nation Gov ernment and also received the Certificate of
2
Authorization pursuant to section 164 of Quebec's Environment Quality Act from the Quebec Minister of the
Environment, the Fight against Climate Change, Wildlife and Parcs.
For further information, please contact:
Patrick Laperrière
Director of Investor Relations and Corporate Development
514-817-1119
www.cecorp.ca
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 news release contains “forward-looking informa tion” within the meaning of Canadian Securities leg islation.
Generally, forward-looking information can be identified by the use of forward-looking terminology such as “scheduled”,
“anticipates”, “expects” or “does not expect”, “is expected”, “scheduled”, “targeted”, or “believes”, or variations of such
words and phrases or statements that certain action s, events or results “may”, “could”, “would”, “migh t” or “will be
taken”, “occur” or “be achieved”. Forward-looking i nformation is based on assumptions management belie ves to be
reasonable at the time such statements are made. Th ere can be no assurance that such statements will p rove to be
accurate, as actual results and future events could differ materially from those anticipated in such s tatements.
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 ma y cause actual results to differ materially from ex pected results
described in forward-looking information include, b ut are not limited to: Critical Elements’ ability t o secure sufficient
financing to advance and complete the Rose Project, uncertainties associated with the Corporation’s re source and
reserve estimates, uncertainties regarding global s upply and demand for lithium and tantalum and marke t and sales
prices, uncertainties associated with securing off-take agreements and customer contracts, uncertainties with respect
to social, community and environmental impacts, unc ertainties with respect to optimization opportuniti es for the Rose
Project, as well as those risk factors set out in t he Corporation’s Management Discussion and Analysis for its most
recent quarter ended May 31, 2022 and other disclosure documents available under the Corporation’s SEDAR profile.
Forward-looking information contained herein is mad e as of the date of this news release and Critical Elements
disclaims any obligation to update any forward-looking information, whether as a result of new information, future events
or results or otherwise, except as required by applicable securities laws.