Critical Elements Lithium Announces the Continued Strengthening of its Board of Directors with Two New Appointments
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PRESS RELEASE
Critical Elements Lithium Announces the Continued Strengthening
of its Board of Directors with Two New Appointments
July 25, 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 appointments
of Ms. Maysa Habelrih and Ms. Vanessa Laplante to its Board of Directors.
Ms. Maysa Habelrih is a result-oriented executive a nd board director leveraging global experience and a
track record of delivering operational excellence a nd transforming business objectives into bottom lin e
growth within complex environments. She has experti se in international joint ventures management and
board oversight with solid knowledge of environmental, social, and corporate governance (ESG) business
practices. Over the past year, Maysa has been the C EO of Mouvement Québécois de la Qualité, a non-
profit focused on increasing the competitiveness an d productivity of Quebec organizations. From 1989 t o
2019, she worked for Alcan, which company became Ri o Tinto Aluminium in 2007. Maysa ending as
General Manager / Vice-President Joint Ventures with full governance and fiscal accountability for nine joint
venture operations globally, featuring $2 billion in revenues, $400 million in EBITDA and 1,900 direct and
indirect employees. This included the oversight of the successful design and implementation of an $850
million mine expansion project in Guinea. Maysa hol ds Bachelor and Master degrees in Chemical
Engineering from McGill University in Montréal, as well as an International Masters Program in Practic ing
Management (IMPM) which is offered in partnership b y INSEAD, McGill University, and 3 others
universities.
Ms. Vanessa Laplante has more than 30 years of experience in finance and taxation, including 16 years in
the mining industry. She is a leader in her field of specialization, mining taxation, which has allowed her to
be recognized as Chair of the Tax Committee of the Association Minière du Québec since 2011, and Chair
of the Board of Directors of the Association Minière du Québec since June 2021. Since 2014, Vanessa is
the Tax and Montreal office Director, as well as treasurer, for Canadian Malartic Partnership, a joint venture
between Agnico Eagle Mines Limited and Yamana Gold Inc., which operates Canada’s largest open pit
gold mine. From 2019 to 2020, she was a board membe r and Chair of the Audit and Risk Management
Committee of Nemaska Lithium Inc. As part of her fu nctions at Osisko Mining Corporation from 2010 to
2014 she was a member of the Audit Committee. From 2015 to 2019 Vanessa was a member of the
advisory committee on the simplification of the min ing royalty regime, formed by the Ministry of Natur al
Resources of Québec. Vanessa holds a Bachelor of Bu siness Administration from the University of
Sherbrooke (1991) and is a Member of the Order of Chartered Professional Accountants of Quebec (CPA).
In connection with their appointments, Ms. Habelrih and Ms. Laplante have each been awarded 200,000
stock options of the Corporation at an exercise price of $1.35 per share for a term of five years.
Eric Zaunscherb, Chair of the Board of Critical Ele ments commented: “It is a pleasure to welcome Maysa
and Vanessa to our board. Once we receive our Certificate of Authorization from the Province of Quebec,
we will be well-positioned to finance and advance t he high-purity Rose lithium-tantalum project into
production. This quality Board of Directors now has the requisite skill set to support management at t his
intense and exciting time, for the benefit of the Corporation’s stakeholders.”
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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
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 contained herein include, without limitation, statements
relating to the completion of the 2022 exploration program and its related objectives, the completion of the provincial
permitting process and its potential positive effects on the Corporation and the Project, the completion of engineering
study for a chemical plant to produce high quality lithium hydroxide monohydrate, the preparation of t he front-end
engineering design work for the process plant and related infrastructure, the announce, on June 13 th , 2022, of results
of a feasibility study on Rose for the production o f spodumene concentrate, off-take agreements and pu rchasers for
the Corporation’s products, securing sufficient financing on acceptable terms and continued positive discussions and
relationships with local communities and stakeholde rs. Forward-looking information is based on assumpt ions
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 ma y cause actual results to differ materially from ex pected results
described in forward-looking information include, b ut are not limited to: results of the Corporation’s 2022 exploration
program and effects on the Corporation’s stated obj ectives, results of the engineering study for a che mical plant to
produce high quality lithium hydroxide monohydrate, issues encountered in connection with the front-end engineering
work, impact of the Updated Feasibility Study on the Project, Critical Elements’ ability to secure sufficient financing to
advance and complete the Project, uncertainties ass ociated 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
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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 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.