Critical Elements Lithium Announces appointment of Mr. Yves Perron as Vice-President Engineering, Construction, and Reliability
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PRESS RELEASE
Critical Elements Lithium Announces appointment of Mr. Yves Perron as
Vice-President Engineering, Construction, and Reliability
August 2nd, 2022 - MONTRÉAL, 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. Yves Perron as Vice-President Engineering, Construction and Reliability.
Mr. Yves Perron, Eng., MBA brings extensive experience in mining sector, engineering and construction in
Québec to the Corporation. He was appointed Vice-President, Engineering and Construction by Stornoway
Diamond in June 2012 and Vice-President, Engineering and Construction for Mason Graphite in August
2018. Mr. Perron served as Vice-President Engineering and Construction for Loop Industries since January
2021. Mr. Perron has over 2 5 years of experience in project management in the industrial sector within
major international firms. Prior to joining Stornoway, Mr. Perron was Vice-President, Business Development
and Project Manager at De lsaer and Seneca. He also held several management positions in areas of
production, operation start-ups, maintenance, engineering and project management with ArcelorMittal and
Xstrata. Mr. Perron holds a Bachelor Degree in Mechanical Engineering from Université du Québec – École
de Technologie Supérieure in Montréal and a DEC in Civil Engineering Technology. In addition, he holds
an MBA from Université du Québec in Montréal as well as an Executive MBA from Université Paris
Dauphine.
In connection with this appointment, Mr. Perron has been awarded 300,000 stock options of the Corporation
at an exercise price of $ 1.53 per share for a term of five years. These options will vest over a 12 -month
period at a rate of 25% per quarter, subject to terms and conditions of the Company’s Stock Option Plan.
Jean-Sébastien Lavallée, CEO of Critical Elements commented: “We are very pleased to welcome Yves to
our team. Yves was central to the success of the construction of Renard, a diamond project of nearly $1
billion of construction capital. He and his team were able to execute on the construction of this large mine
project in Eeyou I stchee territory, Qu ébec ahead of schedule and under budget. We are sure to benefit
from his background and experience in delivering one of the most recent major operations successfully built
in the Province.”
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 13th, 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 estimated 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 Minister of Environme nt and Climate Change on the
recommendation of the Joint Assessment Committee, comprised of representatives from the Impact
Assessment Agency of Canada and the Cree Nation Government; 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.
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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.
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Cautionary statement concerning forward-looking statements
This news release contains “forward -looking information” 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 “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”, “could”, “would”, “might” or “will be
taken”, “occur” or “be achieved”. Forwa rd-looking information contained herein include, without limitation, statements
relating to mineral reserve estimates, mineral resource estimates, realization of mineral reserve and resource
estimates, capital and operating costs estimates, 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 production, permitting, economic
return estimates, power and storage facilities, life of mine, social, community and enviro nmental impacts, lithium and
tantalum markets and sales prices, off-take agreements and purchasers for the Corporation’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 with local communities and
stakeholders. Forward-looking 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: Critical Elements’ ability to secure sufficient
financing to advance and comple te the Project, uncertainties associated with the Corporation’s resource and reserve
estimates, uncertainties regarding global supply and demand for lithium and tantalum and market 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 Project , as well
as those risk factors set out in the Corporation’s year-end Management Discussion and Analysis dated August 31, 2021
and other disclosure documents available under the Corporation’s SEDAR profile. Forward -looking information
contained herein is made as of the date of this news release and Critical Elements disclaims any obligat ion 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.