Critical Elements Updates SEDAR Filings
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PRESS RELEASE
CRITICAL ELEMENTS UPDATES SEDAR FILINGS
November 29, 2021 - M ONTRÉAL , QUÉBEC – Critical Elements Lithium Corporation (TSX-V:
CRE) (US OTCQX: CRECF) (FSE: F12) (“ Critical Elements ” or the “ Corporation ”) today
announces that it has filed on SEDAR an amended Annual Information F orm for the fiscal year
ended August 31, 2020 (the “ AIF ”), an amended annual MD&A for the fiscal year ended August
31, 2020 (the “ Annual MD&A ”) and an amended interim MD&A for the nine-month period ended
May 31, 2021 (together with the Annual MD&A, the “ MD&As ” and collectively, the “ Amended
Filings ”).
The Autorité des marchés financiers, Critical Elements’ p rincipal regulator, advised the
Corporation that it had reviewed some of the Corporation’s disc losure records, available to the
public at www.sedar.com , as part of its continuous disclosure review and provided the Corporation
with comments in respect of its AIF and MD&As. As a resu lt of the review and to clarify its
disclosure, the Corporation filed the Amended Filings. The amendment of the Amended Filings
involved revisions necessary to more adequately address requirements in National Instrument 51-
102F1 and National Instrument 51-102F2 - Continuous Disclosure Obligations . The main changes
are described herein.
In the AIF, sources have been added to the “Lithium Demand Outlook ” and “Lithium Price
Outlook” sections to further support our statements. Additional disclosure regarding “community
consultations” was added in the Annual MD&A. In both MD&As, the “Lithium Demand Outlook”
and “Lithium Price Outlook” sections were removed and disclosure regarding “development
allowance” was added. In the Annual MD&A, additional disclosure r egarding “community
consultations” was added. In the AIF and both MD&As, general promotional language was
adjusted and additional disclosure was added regarding the Rose Lithium-Tantalum property.
Subsequent events have been added.
About Critical Elements Lithium Corporation
Critical Elements aspires to become a large, responsibl e 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 Quebec. Ro se is the Corporation’s first
lithium project to be advanced within a land portfolio of over 700 square kilometers. In 2017, the
Corporation completed a feasibility study on Rose for the pr oduction of spodumene concentrate.
The internal rate of return for the Project is estimated at 34.9% after tax, with a net present value
estimated at C$726 million at an 8% discount rate. In the Corpora tion’s view, Quebec is
strategically well-positioned for US and EU markets and boast s 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
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Assessment Committee, comprised of representatives from t he Impact Assessment Agency of
Canada and the Cree Nation Government; The Corporation is working to obtain similar approval
under the Quebec environmental assessment process. The Corporation also has a good, formalized
relationship with the Cree Nation.
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.
Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable securities laws, including
statements with regard to our objectives and the st rategies to achieve these objectives. Forward-looking information
involves known and unknown risks and uncertainties, many of which are beyond the Corporation’s control, that could
cause actual results to differ materially from thos e that are disclosed in or implied by such forward- looking
information. Forward-looking information is based o n management’s beliefs and assumptions and on infor mation
currently available to management. Although the forward-looking information contained in this press release is based
upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this
information since actual results may vary from the forward-looking information. Unless otherwise noted or the context
otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this
press release, and the Corporation does not undertake to update or amend such forward-looking information whether
as a result of new information, future events or other wise, except as may be required by applicable law.