Critical Elements Lithium Announces appointment of Mr. Hughes Périgny as Senior Project Manager
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PRESS RELEASE
Critical Elements Lithium Announces appointment of
Mr. Hughes Périgny as Senior Project Manager
October 24, 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. Hughes Périgny as Senior Project Manager.
Mr. Hughes Périgny, P.Eng. brings to the Corporatio n a vast experience in engineering and construction
acquired in Quebec and internationally. Mr. Pérign y has over 29 years of experience in engineering,
construction and project management in the industri al and mining sectors. He has participated in sever al
industrial and mining projects with IAMGOLD (Boto p roject, Senegal), Mason Graphite (Lac Guéret,
Quebec) as well as several projects with the Rio Ti nto group (QMM Madagascar, QMP Metal Powders
Suzhou, China and QMP, Sorel-Tracy). He also partic ipated in the construction of the Renard mine with
Stornoway from 2014 to 2019. He held the position of France & Asia Project Director for Loop Industri es
from 2021 to present. Mr. Périgny holds a Bachelor 's degree in Mechanical Engineering from École
Polytechnique de Montréal.
Jean-Sébastien Lavallée, Chief Executive Officer of Critical Elements commented: "We are very pleased
to welcome Hughes Périgny as Senior Project Manager in our Corporation. Hughes will be part of the team
of Yves Perron, our Vice President Engineering, Construction and Reliability. Both have been key players
in the success of several projects, including the c onstruction of the Renard mine, a project in the Ja mes
Bay territory. We are confident that we will make the most of his experience in the mining industry to make
our project a success."
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. Rose is the Corporation’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; The Corporation is working to obtain
similar approval under the Québec environmental assessment process. The Corporation also has a good,
formalized relationship with the Cree Nation.
For further information, please contact:
Patrick Laperrière
Director of Investor Relations and Corporate Development
514-817-1119
www.cecorp.ca
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Jean-Sébastien Lavallée, P. Géo.
Chief Executive Officer
819-354-5146
www.cecorp.ca
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the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.