Critical Elements Retains SGS Mineral Services in Lakefield to Complete Optimization Program for Final Pilot Plan Flow Sheet
Published : August 06, 2013
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Keywords :   Lithium | Market | Paradox | Recovery | Report | Tantalum |

MONTREAL, QUEBEC--(Marketwired - Aug. 6, 2013) - Critical Elements Corporation (News - Market indicators)(OTCQX:CRECF)(FRANKFURT:F12) (the "Company") announces that it has retained the services of SGS Mineral Services in Lakefield to complete an optimization study on its 100% owned Rose deposit. This Phase 1 study is expected to be conducted on an average mine representative sample from the Rose Project deposit and on the variability samples. The objective is to optimize a flow sheet for producing a spodumene concentrate with a minimum grade of 6% Li2O at a recovery of about 90% for hydrometallurgical operation for lithium extraction.

This will be followed by a Phase 2 program consisting of an optimization of the purity of the Lithium carbonate produced by bi-carbonation to create a final flow sheet. Another objective is to improve Tantalum recovery, currently at about 60%, as a by-product. The final flow sheet will be used to advance the Pilot Plan for the feasibility study.

The objectives of this phase 1 scoping study include:

  • Mineralogical analysis of the composite sample and selected flotation products;

  • An evaluation of dense media separation to produce a spodumene concentrate suitable for hydrometallurgical test work or to upgrade the feed material;

  • An evaluation of the grindability characteristics of the ore; 

  • Evaluation of key process variables to establish a flotation-based or DMS-Flotation flow sheet;

  • An assessment of the grade-recovery relationships;

  • Optimization of the final process flow sheet through evaluation of flotation reagents dosages;

  • A final report that will include all the findings, including the final flow sheet, and recommendations for future work (pilot plant testing).

The phase 2 scoping study will include:

  • Lithium Carbonate Synthesis

  • Head Sample Preparation

  • Pressure Carbonation

  • Bi-carbonation - Precipitation Tests

  • Bulk Testing

  • Tantalum Recovery

  • Lithium Carbonate Residue Preparation and Characterization

  • Sulphuric Acid Roasting

  • Sodium Hydroxide Fusion

  • Chlorination Testing

  • Hydrofluoric Acid Leach

  • A report on results of the Phase 2 program

The Company also announces it has increased by 1,676,700 the number of common shares reserved for issuance pursuant to its stock option plan. The number of common shares reserved for issuance under the Plan is now set at 11,976,437 being 10% of the number of shares issued and outstanding as of the date hereof.

The board of directors also approved an amendment to the stock option plan relating to the expiration date of the options, which will change from 12 months from the effective date of termination to:

In the case of Director and Officer

Term of office with to the Company   Revised Expiry Date
From 0 to 3 months   Effective date of termination
More than 3 months to 1 year   1 month following effective date of termination
More than 1 year to 3 years   3 months following effective date of termination
More than 3 years   12 months following effective date of termination

In the case of a consultant, the expiry date shall be the earliest of:

  • The expiry date of the option;

  • 30 days following the effective date of termination if the Consultant has been providing services to the Company for less than 2 years;

  • 90 days following the effective date of termination if the Consultant has been providing services to the Company for 2 years or more.

The increase and amendment are subject to the approval of the TSX Venture Exchange.

At the same time, the Company announces the granting of 1,900,000 stock options to directors, officers and consultant of the Company. Jean-Sébastien Lavallée, President and Chief Executive Officer, Jean-François Meilleur, Vice President will each receive 500,000 options. Nathalie Laurin, Chief Financial Officer and Secretary, and three Directors, Marc Simpson, Richard Saint-Jean and Jean-Raymond Lavallée will each receive 200,000 options. Each option entitles its holder to purchase one share of the Company for $0.15 for a five-year period.

A consultant will receive 100,000 options. Each option entitles its holder to purchase one share of the Company for $0.15. The options are valid for the shorter of the following periods: two years, or 30 days following the effective date of termination.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Jean-Sebastien Lavallee, P. Geo,
President & CEO
819-354-5146
president@cecorp.ca
www.cecorp.ca
or
Paradox Public Relations
514-341-0408

Critical Elements Corporation

EXPLORATION STAGE
CODE : CRE.V
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Critical Elements is an exploration gold company based in Canada.

Critical Elements holds various exploration projects in Canada.

Its main exploration properties are MATCHI-MANITOU, ROSE (LAC PIVERT), CROINOR, GATINEAU, LAC SAVIGNY NE and MELASSE in Canada.

Critical Elements is listed in Canada. Its market capitalisation is CA$ 125.8 millions as of today (US$ 96.7 millions, € 81.1 millions).

Its stock quote reached its lowest recent point on August 14, 2009 at CA$ 0.07, and its highest recent level on December 15, 2017 at CA$ 1.86.

Critical Elements has 148 030 000 shares outstanding.

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Annual reports of Critical Elements Corporation
Annual Report 2007
Financings of Critical Elements Corporation
2/21/2013Arranges Non-Brokered Private Placement
4/1/2011ANNOUNCES FINAL CLOSING OF ITS FINANCING
3/4/2011Reports a Partial Closing of its Financing
6/12/2008arranging non-brokered private placements for up of $1,750,0...
Nominations of Critical Elements Corporation
12/1/2010Appointment of Michel Robert and Jean Rainville as directors...
2/15/2008announce the appointment of Mr. Patrick Bradley
Project news of Critical Elements Corporation
6/9/2011INTERSECTS 1.29% LI20 AND 275 PPM TA2O5 OVER 5.90 METRES NEA...
5/26/2011(Rose (lac Pivert))INTERSECTS 1.64% LI20 AND 226 PPM TA2O5 OVER 9.20 METRES NEA...
4/28/2011(Rose (lac Pivert))INTERSECTS UP TO 1.60% LI2O, 427 PPM TA2O5, 749 PPM BEO, 5,1...
3/20/2011(Rose (lac Pivert))Discovers a New Zone in Drilling on the Rose Deposit
2/22/2011(J6l1)Acquires Eight Rare Earth and Tantalum-Niobium Projects
2/9/2011(Rose (lac Pivert))Drilling Leads to New Tantalum Discovery on Pivert/Rose
2/2/2011(Rose (lac Pivert))Pre-Feasibility Study Underway for the Rose Deposit
6/3/2010(Rose (lac Pivert))Intersects 1.24% Li2O, 3,532 g/t Rubidium, 208 ppm Ta2O5, 16...
3/27/2008(Croinor)Start a Follow-Up Diamond Drill Program at Croinor
1/24/2008(Croinor)RESOURCE ESTIMATE ON CROINOR
Corporate news of Critical Elements Corporation
8/8/2016Discovery of a pegmatite traced over more than 700 metres on...
8/8/2016Discovery of a pegmatite traced over more than 700 metres on...
8/8/2016Discovery of a pegmatite traced over more than 700 metres on...
8/1/2016Quarterly Activities Report - 30 June 2016
8/1/2016Activities Report to 30 June 2016
7/6/20162016-07-06 Critical Elements (TSXV: CRE) and Natan (TSXV: NR...
7/6/20162016-07-06 Critical Elements (TSXV: CRE) and Natan (tsxv: nr...
6/28/20162016-06-28 Critical Elements Corporation announces strategic...
6/2/20162016-06-02 Critical Elements announces closing of $6 million...
5/18/20162016-05-18 Critical Elements announces $5 million bought dea...
5/6/20162016-05-06 Lepidico exercised Lemare option
5/6/2016Lemare Option Exercised
5/2/2016Activities Report to 31 March 2016
4/28/2016CRITICAL ELEMENTS (TSXV: CRE.V) AND LOMIKO (TSXV: LMR.V) TO ...
4/28/20162016-04-28 Critical Elements (tsxv: cre) and lomiko (tsxv: l...
9/9/20152015-09-09 Critical Elements signs with strategic partner fo...
9/9/2015CORRECTION FROM SOURCE/Critical Elements Signs With Strategi...
9/8/20152015-09-08 Critical Elements signs with strategic partner fo...
9/8/2015IIROC Trading Resumption - CRE
9/8/2015Critical Elements Signs With Strategic Partner for: Off-Take...
9/3/2015IIROC Trading Halt - CRE
6/18/2015Critical Elements Corporation: Annual Meeting
6/16/2015Critical Elements Announces a Closing of $600,300
6/16/20152015-06-16 Critical Elements announces a closing of $600,300
1/16/2015Options Granted
1/16/2015Critical Elements Corporation: Options Granted
12/22/20142014-12-22 Critical Elements announces second closing of $16...
12/22/2014Critical Elements Announces Second Closing of $165,000
12/2/20142014-12-02 Critical Elements announces first closing of $300...
12/2/2014Critical Elements Announces First Closing of $300,000
10/1/2014Critical Elements Confirms the Economic Potential Value of M...
8/14/2014Critical Elements Receives Positive Material Testing Results...
8/7/2014Critical Elements Corporation: Matthew Lauriston Starnes App...
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6/13/2014Critical Elements Corporation: Annual Meeting
5/14/2014Critical Elements Corporation Sends Samples of Lithium Conce...
5/13/2014Critical Elements Corporation Closes the Sale of the Croinor...
9/23/2013Reports Robust Tantalum Recoveries in Optimization Batch Tes...
9/5/2013Reports Positive Optimization Metallurgical Test Results Wit...
9/5/2013Reports Positive Optimization Metallurgical Test Results Wit...
8/6/2013Retains SGS Mineral Services in Lakefield to Complete Optimi...
4/11/2013Hires Paradox for IR
3/19/2013Announces Closing of Second Tranche of $604,000
2/12/2013Discovers Extension of JR Zone at 500 Meters West With High ...
11/12/2012Announces Pre-Development Agreement With the Grand Council o...
9/11/2012is Proud to Name Ron MacDonald as Executive Chairman and to ...
7/12/2011Initiates the Environmental Impact Assessment for the Rose T...
5/18/2011Environmental Study
3/9/2011New OTCQX Stock Symbol
2/17/2011First Gold Changes its Name to Critical Elements
4/4/2008Breaking news
3/24/2008Announce that is has started the application process for a F...
3/17/2008Increased by 50,000 the number of common shares
2/28/2008Announce the nomination of Mr. Denis Simoneau as Chairman
2/8/2008Increased by 479,550 the number of common shares
1/31/2008Announce that Mr. Eric Leboeuf has been appointed President ...
12/20/2007Breaking news
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