Critical Elements Lithium Recognized as a Top 10 Ranked Company IN the Mining Sector BY TSX Venture 50 FOR 2023
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PRESS RELEASE
CRITICAL ELEMENTS LITHIUM RECOGNIZED AS A TOP 10 RANKED COMPANY
IN THE MINING SECTOR BY TSX VENTURE 50 FOR 2023
February 21st, 2023 – Montreal, Québec - Critical Element s Lithium Corporation (TSXV: CRE (OTCQX:
CRECF) (FSE: F12) (" Critical Elements" or the " Corporation") is pleased to announce it has ranked in
the top 10 performing mining stocks in the 2023 TSX Venture 50™, which is comprised of the top 50 from
over 1,713 companies on the TSX Venture Exchange.
“it’s a great honor to be included in the Venture 50 r anking. It’s a great testament to the progress being
made over the year on the Rose Lithium-Tantalum project as it accelerates toward a Final Investment
Decision” says CEO, Jean-Sebastien Lavallée. “2023 should be an exciting year as we advance detailed
engineering toward construction and continue an active drilling campaign on the Corporation’s prospective
1,050 square kilometer exploration portfolio” he concluded.
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, Crit ical Elements is advancing the wholly owned, high
purity Rose lithium project in Québec, the Corporati on’s first lithium project to be advanced within a land
portfolio of over 1,050 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 estima ted 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 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 Nation Go vernment 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 Parks.
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 statem ents that certain actions, events or resu lts “may”, “could”, “would”, “might” or “will be
taken”, “occur” or “be achieved”. Forward-looking information contained herein include, wit hout limitation, statements
relating to the results and completion of the 2023 exploration program, the permitting process, the results and outcome
of the Front-End Engineering Design Study as well as the outcome of the formal process launched by the Corporation
in connection with the project financing. 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 anti cipated 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, ther e may be other factors that cause results not to be as
anticipated, estimated or intended. Fact ors that may cause actual results to differ materially from expected results
described in forward-looking information include, but are not limited to: final and complete results of the Corporation’s
2023 exploration program, the final outcome of the permitting process and the Corporation’s ability to meet all conditions
imposed thereunder, the final results of the Front-End Engineering Design Study and its effects on the development of
the Rose Project, the formal process launched in connecti on with the project financing not producing the anticipated
and expected results, as well as those risk factors set out in the Corporation’s Management Discussion and Analysis
for its most recent quarter ended November 30, 2022 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-look ing information, whether as a result of new information,
future events or results or otherwise, except as required by applicable securities laws