Critical Elements Receives Amended Decision Statement Issued BY the Minister of Environment and Climate Change of Canada FOR the Rose Lithium-Tantalum Project IN Quebec
PRESS RELEASE
CRITICAL ELEMENTS RECEIVES AMENDED DECISION STATEMENT ISSUED BY THE
MINISTER OF ENVIRONMENT AND CLIMATE CHANGE OF CANADA FOR THE ROSE
LITHIUM-TANTALUM PROJECT IN QUEBEC
MAY 27, 2025 – MONTREAL, QUEBEC – CRITICAL ELEMENTS LITHIUM CORPORATION (the “Corporation”
or “Critical Elements”) (TSX.V: CRE) (US OTCQX: CRECF) (FSE: F12) is pleased to announce
that it has received an amended decision statement ("Decision Statement") for its Rose Lithium-
Tantalum project ( the "Rose Project") from the Minist er of Environment and Climate Change of
Canada. The amendments to the original Decision Statement issued on August 11th, 2021 (press
release dated August 11, 2021), include the addition of the following points:
- The construction and development of a permanent workers' camp; and
- The use of two borrow pits.
The Decision Statement obtained today adds to the authorization certificate for the Rose Project
from the Ministry of the Environment, Fight Against Climate Change, Wildlife and Parks of Québec
received by the Corporation in October 2022, amended in August 2024 (press release dated August
14, 2024) and the receipt of the occupancy lease for its worker camp granted by the Ministry of
Natural Resources and Forestry under the Act respecting lands in the domain of the State (Québec)
(press release dated October 16, 2024).
Qualified persons
Yves Perron, Eng. MBA, Vice-President Engineering, Construction and Operations is the qualified
persons that has reviewed and approved the technical contents of this news release on behalf of
the Corporation.
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 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% hydroelectricity. The project has received approval from the Federal
Minister of Environment and Climate Change on the recommendation of the Joint Asses sment
Committee, comprised of representatives from the Impact Assessment Agency of Canada and the
Cree Nation Government, 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, 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, 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 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”. Forward-looking information contained herein include, without limitation,
statements relating to expectations regarding Rose project -level activities including (i) completion
of the permitting process, (ii) securing a strategic partnership and project financing leading to a
Final Investment Decision and (iii) respecting the Rose project ramp up and commissioning
timeline, expectations regarding potential value creation from ongoing and future exploration
activities on the Corporation’s projects, and the Corporation’s ongoing business plan. Such
forward-looking information and statements are based on numerous assumptions, including that
general business and economic conditions will not change in a material adverse manner, that
fundamentals of lithium / spodumene demand and EV market growth and capacity will continue to
be strong, that project financing will be available on reasonable terms, and that governmental and
other approvals required to conduct the Company’s development activities and planned exploration
will be available on reasonable terms and in a timely manner. Although the assumptions made by
the Corporation in providing forward-looking information or making forward-looking statements are
considered reasonable by management at the time, there can be no assurance that such
assumptions will prove to be accurate.
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: 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, changes 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 most recent quarter ended
February 28, 2025 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.