L Loyd M Ayappo J Oins C Ritical E Lements as C REE Relation Coordin Ator
PRESS RELEASE
L LOYD M AYAPPO J OINS C RITICAL E LEMENTS AS C REE RELATION COORDIN ATOR
J UNE 13 , 2017 – M ONTREAL , Q UEBEC – Critical Elements Corporation (the “ Corporation” or “Critical
Elements”) (TSX - V: CR E) (US OTC QX: CRECF) (FSE: F12 ) announces
the appointment of Lloyd Mayappo, former Cree Chief in Eastma i n from 2005 to 2008 , as a Cree relation
coordinator . Mr. Mayappo speaks fluently French, English and Cree which is an important communication
asset and will facilitate employees integration. This nomination illustrates the importance of Critical
Elements in maintaining good relations with the community and encourages collaboration development that
are favourable for t he company and for members of the Cree Nation.
Well established in his community, Lloyd Mayappo has demonstrated his strong leadership skills. His
expertise is based on more than 30 years of experience as a foreman, project manager and contact person
within the Eastma i n Cree Nation. His role at Critical Elements will be to act as a conduit between the
Corporation and the community. He will support the leadership team in hiring Cree Nation employees and
will advise them on the steps to take as to engage the community in the company’s operations.
“ We are very proud to have Lloyd Mayappo on our team,” said Jean - Sébastien Lavallée, Chairman and
Chief Executive Officer of Critical Elements. “His strong experience as a program manager and community
relations officer will be an undeniable asset as to providing advice on hiring and communicating with the
Eastma i n Cree community.”
Since the very beg inning, Critical Elements, an advanced exploration mining company, is committed to
maintaining good relations with the Cree Nation community. It attributes great importance to carrying out
its projects all the while respecting the population of the region. In fact, consultation procedures carried out
to date have made it possible to establish a dialogue with the community .
A BOUT C RITICAL E LEMENTS C ORPORATION
A recent financial analysis (Technical Report and Preliminary Economic Assessment (PEA) on the Rose
lithium - tantalum Project, Genivar, December 2011) of the Rose project, 100% owned by Critical Elements,
based on price forecasts of US $260/kg ($118/lb) for Ta 2 O 5 contained in a tantalite concentrate and US
$6,000/t for lithium carbonate (Li 2 CO 3 ) showed an estimated after - tax Internal Rate of Return (IRR) of 25%
for the Rose project, with an estimated Net Present Value (NPV) of CA $279 million at an 8% discou nt rate.
The payback period is estimated at 4.1 years. The pre - tax IRR is estimated at 33% and the NPV at CA
$488 million at a discount rate of 8%. (Mineral resources are not mineral reserves and do not have
demonstrated economic viability). (The prelimina ry economic assessment is preliminary in nature). (See
press release dated November 21, 2011.) The PEA includes inferred mineral resources that are considered
too speculative geologically to have economic considerations applied to them that would enable t hem to be
categorized as mineral reserves and there is no certainty that the preliminary economic assessment will be
realized.
The conclusions of the PEA indicate that the operation would support a production rate of 26,606 tons of
high purity (99.9% batt ery grade) Li 2 CO 3 and 206,670 pounds of Ta 2 O 5 per year over a 17 - year mine life.
The project hosts a current Indicated resource of 26.5 million tonnes of 1.30% Li 2 O Eq. or 0.98% Li 2 O and
163 ppm Ta 2 O 5 and an Inferred resource of 10.7 million tonnes of 1.14% Li 2 O Eq. or 0.86% Li 2 O and 145
ppm Ta 2 O 5 .
FOR MORE INFORMATION:
Jean - Sébastien Lavallée, P.Geo.
Chairman and Chief Executive Officer
819 - 354 - 5146
jslavalle@ cecorp.ca
www.cecorp.ca
Investor Relations:
Paradox Public Relations
514 - 341 - 0408
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(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.