Critical Elements is Ul Ecologo® Certified FOR Mineral Exploration
1
PRESS RELEASE
CRITICAL ELEMENTS IS UL ECOLOGO® CERTIFIED
FOR MINERAL EXPLORATION
June 2 th , 2021 - M ONTRÉAL , QUÉBEC – Critical Elements Lithium Corporation (TSX-V: CRE ) (US OTCQX:
CRECF) (FSE: F12) (" Critical Elements " or the " Company ") is very proud to announce that it has
received UL 2723 ECOLOGO® Certification for Mineral Exploration Companies. The Company has
successfully completed the final stage of the certi fication process, which includes audit results, use of the
UL ECOLOGO® mark, and registration in UL’s SPOT sus tainable product database. The Company is
very proud of this accomplishment and intend to con tinue working to promote this certification and its
advantages, helping to make it a key objective in the mineral exploration sector.
A plan for the future
The responsible development of mineral resources is a necessity. It is a factor in all parts of societ y, and
every project needs to be designed and executed wit h it in mind. For mineral exploration companies and
their service providers, that entails applying the best social, environmental, and economic practices. For
Critical Elements, the UL ECOLOGO® Certification fo r Mineral Exploration promotes a better work
environment, motivates our employees, improves our appeal as an employer, strengthens strategic
planning, and aids in risk management. Being certif ied means the Company will be better prepared for
changes to legislation and will have better relatio nships with stakeholders, which will contribute to the
social acceptability of the Company’s projects and help improve completion times.
The certification process
The Company successfully completed the accreditatio n process on May 25, 2021. In completing the
process, the Company showed that it has met all of the responsible development indicators required to
obtain UL ECOLOGO® Certification for Mineral Explor ation. Companies are required to meet standards
in terms of legal requirements, compliance with sus tainable design principles along the value chain,
environmental quality, quality of life, local inves tment, work environment, business ethics, transpare ncy
and reporting, innovation, and economic efficiency.
“Critical Elements is on a journey, aspiring to be one of the most responsible suppliers of lithium to the emerging
electric vehicle and energy storage industries. We recognize that we are closer to the beginning of that journey,
and we will strive to consistently improve. Achieving UL ECOLOGO® Certification for Mineral Exploration is an
important early step as we move toward the anticipa ted receipt of environmental authorizations, detailed
engineering, financing and a final investment decis ion for Phase I of the Rose Lithium-Tantalum Projec t”,
declared Eric Zaunscherb, Chairman of the Company.
A team effort
The Company would like to thank the Quebec Mineral Exploration Association (QMEA) and their
coaching program for their collaboration. Their sup port and guidance is greatly appreciated, and the
Company is grateful for their contribution to the success of our efforts.
2
About Critical Elements Lithium Corporation
Critical Elements Lithium Corporation aspires to be come a large, responsible supplier of lithium to th e
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 our first lithium project to
be advanced within a highly prospective land portfo lio of over 700 square kilometers. In 2017, the
Company completed a robust feasibility study on Ros e 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, wi th a
net present value estimated at C$726 million at an 8% discount rate. Capital and operating cost
parameters were confirmed in 2019 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 Phas e I is expected to conclude this year as we also
deliver technical studies for Phase II, the convers ion of spodumene concentrate to high quality lithiu m
hydroxide. In our view, Quebec is strategically wel l-positioned for US and EU markets and boasts
exceptional infrastructure including a low-cost, lo w-carbon power grid featuring 93% hydroelectricity. We
have a strong, 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
Sources:
UL ECOLOGO® Certification for Mineral Exploration
https://canada.ul.com/ulcprograms/explore/
https://spot.ul.com/
QMEA’s coaching program:
https://aemq.org/en/certification-about/
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 ident ified by the use of forward-looking terminology suc h 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 actions, events or results “may”, “cou ld”, “would”,
“might” or “will be taken”, “occur” or “be achieved ”. Forward-looking information contained herein inc lude, without
limitation, statements relating to the intended use of proceeds of the Offering, receipt of final acce ptance of the TSX
Venture Exchange, mineral reserve estimates, minera l resource estimates, realization of mineral reserv e and
resource estimates, capital and operating costs est imates, the timing and amount of future production, costs of
production, success of mining operations, the ranking of the project in terms of cash cost and product ion, permitting,
economic return estimates, power and storage facili ties, life of mine, social, community and environme ntal impacts,
lithium and tantalum markets and sales prices, off- take agreements and purchasers for the Corporation’ s products,
environmental assessment and permitting, securing s ufficient financing on acceptable terms, opportunit ies for short
and long term optimization of the Project, and continued positive discussions and relationships with local communities
and stakeholders. Forward-looking information is ba sed on assumptions management believes to be reason able at
the time such statements are made. There can be no assurance that such statements will prove to be acc urate, as
actual results and future events could differ mater ially from those anticipated in such statements. Ac cordingly,
readers should not place undue reliance on forward-looking information.
Although Critical Elements has attempted to identif y 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, b ut are not limited to: Critical Elements’ ability t o secure sufficient
financing to advance and complete the Project, uncertainties associated with the Corporation’s resource and reserve
estimates, uncertainties regarding global supply an d demand for lithium and tantalum and market and sa les prices,
uncertainties associated with securing off-take agr eements and customer contracts, uncertainties with respect to
social, community and environmental impacts, uncertainties with respect to optimization opportunities for the Project,
as well as those risk factors set out in the Corpor ation’s year-end Management Discussion and Analysis dated
2
August 31, 2020 and other disclosure documents avai lable under the Corporation’s SEDAR profile. Forward-looking
information contained herein is made as of the date of this news release and Critical Elements disclai ms any
obligation to update any forward-looking information, whether as a result of new information, future e vents 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.