Critical Elements Lithium Corporation Announces Receipt of Support Letter FOR up to US$115 Million from Leading Financial Institution
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PRESS RELEASE
CRITICAL ELEMENTS LITHIUM CORPORATION ANNOUNCES RECEIPT OF SUPPORT
LETTER FOR UP TO US$115 MILLION FROM LEADING FINANCIAL INSTITUTION
February 10, 2025 - MONTRÉAL, QUÉBEC – Critical Elements Lithium Corporation (TSX-V CRE) (US
OTCQX: CRECF) (FSE: F12) (" Critical Elements" or the " Corporation") today announced receipt of a
support letter from a leading Canadian financial institution stating its interest in providing long term debt
financing of up to US$115 million (approximately C$150 million) of project debt, for the development of the
Rose Lithium-Tantalum project in Québec. Terms and conditions (including pricing) will be subject to further
due diligence and discussions with lenders, lenders advisors, Critical Elements and its financial advisors.
Jean-Sébastien Lavallée, Chief Executive Officer of Critical Elements, said, “We are very pleased with this
additional indication of interest as it marks an important step towards advancing our financing package for
the Rose Project. Management remains committed to securing an optimal outcome for the Rose Project's
financing and development. Investors can be assured of a c ontinued interest from potential partners, and
that the Corporation believes that the process is progressing positively. We will update the market with new
information, including potential additional financing indications of interest and other developments , and
appreciate your continued support and patience as we work towards a mutually beneficial financing package
and partnership.”
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-Tantalum project in Québec, the Corporation’s first lithium project to be advanced within
a land portfolio of over 1,050 km 2. On August 29, 2023, the Corporation announced results of a new
Feasibility Study on Rose for the production of spodumene concentrate. The after -tax internal rate of return
for the Project is estimated at 65.7%, with an estimated after -tax net present value of US$2.2B 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 94% hy droelectricity. The
project has received approval from the Federal Minister of Environment and Climate Change on the
recommendation of the Joint Assessment Committee, comprised of representatives from the Impact
Assessment Agency of Canada and the Cree Nat ion Government. It has also received both 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 Parks, and the project mining lease from
the Québec Minister of Natural Resources and Forests under the Québec Mining Act.
For further information, please contact:
Jean-Sébastien Lavallée
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 information
This press release contains certain information that may constitute "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 b e taken”, “occur” or “be
achieved”. Forward looking information includes, without limitation , statements relating to the ability to
secure project financing, the timing and receipt of construction permits, the ability to commence construction
at the Rose Lithium-Tantalum project, and timing and availability of other project funding.
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, estimat ed 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: the
terms on which the Corporation is able to secure debt financing (if at all), negative operating cash flow and
dependence on third party financing, uncertainty of additional financing, reliance on key management and
other personnel, potential downturns in (i) general economic conditions, (ii) demand for lithium / spodumene
and (iii) EV market growth, capacity and demand, actual results of exploration activities being different than
anticipated, changes in exploration programs based upon results, risks generally associated with the
mineral exploration industry, environmental risks, change s in laws and regulations, community relations
and delays in obtaining governmental or other approvals, as well as those risk factors set out in the
Corporation’s Management Discussion and Analysis for its recent quarter ended November 30, 2024 and
other disclosure documents available under the Corporation’s SEDAR+ profile (www.sedarplus.ca).
Forward-looking information contained herein is made as of the date of this news release. Although the
Corporation has attempted to identify important factors that could cause actual results to differ materially
from those contained in the forward -looking information or implied by forward -looking information, there
may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers
should not place undue reliance on forward -looking statements or information. The Com pany undertakes
no obligation to update or reissue forward -looking information as a result of new information or events
except as required by applicable securities laws.