Critical Elements Lithium Announces appointment of Mr. Andy Fortin as Senior Process and Commissioning Director
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PRESS RELEASE
Critical Elements Lithium Announces appointment of
Mr. Andy Fortin as Senior Process and Commissioning Director
December 8, 2022 - M ONTRÉAL , QUÉBEC – Critical Elements Lithium Corporation (TSX-V: CRE ) (US
OTCQX: CRECF) (FSE: F12) (" Critical Elements " or the " Corporation ") is pleased to announce the
appointment of Mr. Andy Fortin, Metallurgical Engineer, as Senior Process and Commissioning Manager.
Mr. Andy Fortin holds a bachelor’s degree in Metall urgical Engineering from Laval University in Québec
City. Mr. Fortin brings to the Company a solid oper ational experience acquired in Northern Québec and
Nunavut. He has over 25 years of experience in lead ing continuous improvement of metallurgical
processes, asset management, health and safety cult ure and risk management. He has been involved in
numerous projects in process design, commissioning to achieve production capacity and operational
improvement, notably with Québec Iron Ore, Newmont / Goldcorp, Agnico-Eagle Mines and Inmet Mining
Corporation.
Yves Perron, Vice President Engineering, Construction and Reliability, declared: "I am proud to announce
this new addition to the Critical Elements’ team. We welcome Mr. Andy Fortin, as Senior Director of Process
and Commissioning. Andy will be part of our enginee ring, construction, and commissioning team for the
Rose Lithium-Tantalum project. He will solidify the process design team already in place and will be one of
the leaders in driving our company to operational excellence, making this project a success."
“As one of the few lithium projects in North America with key environmental authorization in place,” added
Chief Executive Officer Jean-Sébastien Lavallée, “Critical Elements is assembling its owners’ team at the
right pace to be ready to build on making a Final I nvestment Decision. The current market for top mini ng
and processing specialists in Québec is extremely tight and competitive; we are extremely pleased to attract
quality members like Andy, Hughes and Yves to our team at this time.”
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 850 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
Authorization pursuant to section 164 of Québec's Environment Quality Act from the Québec Minister of the
Environment, the Fight against Climate Change, Wildlife and Parcs.
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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, uncertainties with respect to optimization opportunities for the Rose
Project, as well as those risk factors set out in the Corporation’s year-end Management Discussion and Analysis dated
August 31, 2022 and other disclosure documents avai lable under the Corporation’s SEDAR profile. Forwar d-looking
information contained herein is made 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.