Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
Cours Or & Argent

Critical Elements Corporation

Publié le 08 septembre 2015

2015-09-08 Critical Elements signs with strategic partner for: off-take, collaboration for feasibility completion and project financing option

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Lithium |

2015-09-08 Critical Elements signs with strategic partner for: off-take, collaboration for feasibility completion and project financing option

SEPTEMBER 8, 2015 - MONTREAL, QUEBEC - Critical Elements Corporation (TSX-V: CRE) (US OTCQX: CRECF) (FSE: F12) is pleased to announce the signature of a strategic collaboration agreement (the "Agreement") with a Leading Chemical Company (the "Strategic Partner"), that includes off-take for all products produced from the Rose Lithium-Tantalum project. The feasibility study will be completed in collaboration with the Strategic technical and commercial Partner. Finally, should the feasibility study support the technical feasibility and economic viability of the project the Strategic Partner will also have the option of participating in the project by providing equity in the project financing for an interest of up to 25%.

The material terms of the Agreement are as follows:

Off-take Agreement

Subject to the off-take agreement to be executed by the parties (the "Off-take Agreement"), the Strategic Partner will have the sole and exclusive right to purchase all of the produced products including spodumene concentrate (technical and chemical grade), all lithium chemicals (carbonate, hydroxide, chloride), mica and Tantalum concentrate (collectively, the "Products").

The parties will use their commercially reasonable efforts to finalize and execute the Off-take Agreement by no later than 60 days following the completion of the feasibility study. Under the Agreement, and subject to certain conditions, notably the exercise of the Financing Option (as defined below), the Strategic Partner has also been granted a right of first refusal to become the exclusive off-taker for all Products on any of the future projects of Critical Elements (or its affiliates).

Feasibility Study

The Strategic Partner has agreed to collaborate with, assist and provide technical support to Critical Elements for the preparation and completion of the feasibility study. The Strategic Partner has further agreed to provide logistical and sales support to Critical Elements in relation to the distribution and sale of all future mineral products to be produced on the Project (the "Mine").

Project Financing

As consideration for the Strategic Partner's covenants and undertaKings under the Agreement, Critical Elements has agreed to grant the Strategic Partner an option to acquire an ownership interest of up to 25% in the project by committing to pay for a portion of the mine construction costs (the "Financing Option") The Strategic Partner may exercise the Financing Option within a period of 60 days after having received written notice from Critical Elements to the effect that it has arranged financing for mine construction. The Financing Option is subject to certain conditions, including the execution of the Off-take Agreement.

"This is truly a Game changing agreement for the company," said Jean-Sébastien Lavallée, President and CEO of Critical Elements. "The Company now have a strong partner to complete its feasibility study and advance the Rose project." "With a quality asset like the Rose project and our joint expertise, we will be positioned to maximize the project's potential."

"With the diversified Rose project products and its long-term 17-year mine life, we will be positioned to produce ceramic-grade lithium concentrate as well as meet the specifications for the fast growing lithium battery market. The Tantalum and mica concentrate also gives additional by-product diversification. This makes the Rose project unique among all the lithium assets."

From the Strategic Partner:
"We are pleased to enter this partnership and further growing our activities within the fast growing lithium market with Critical Elements. The Rose project has the potential to unlock our shared ambitions."

"Our involvement in the project will start from the beginning by collaborating on the feasibility completion, and our off-take agreement, as well as our participation option, really demonstrates our commitment to the lithium market."

ABOUT THE STRATEGIC PARTNER
The Strategic Partner has more than 50 years of operation history, operating worldwide. The Strategic Partner is a financially strong company with specific knowledge that guarantees access to the major markets worldwide with an entry to major customers.

ABOUT CRITICAL ELEMENTS CORPORATION
A recent financial analysis (Technical Report and Preliminary Economic Assessment (PEA) on the Rose lithium-Tantalum Project, Genivar, December 2011) of the Rose project based on price forecasts of US$260/kg ($118/lb) for Ta2O5 contained in a tantalite concentrate and US$6,000/t for lithium carbonate (Li2CO3) 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% discount rate. The payback period is estimated at 4.1 years. The pre-tax IRR is estimated at 33% and the NPV at $488 million at a discount rate of 8%. (Mineral resources are not mineral reserves and do not have demonstrated economic viability). (The preliminary economic assessment is preliminary in nature). (See press release dated November 21, 2011.)

The conclusions of the PEA indicate the operation would support a production rate of 26,606 tons of high purity (99.9% battery grade) Li2CO3 and 206,670 pounds of Ta2O5 per year over a 17-year mine life.

The project hosts a current Indicated resource of 26.5 million tonnes of 1.30% LI2O Eq. or 0.98% LI2O and 163 ppm Ta2O5 and an Inferred resource of 10.7 million tonnes of 1.14% LI2O Eq. or 0.86% LI2O and 145 ppm Ta2O5.

FOR MORE INFORMATION:
Jean-Sébastien Lavallée, P.Geo.
President and Chief Executive Officer
819-354-5146
[email protected]
www.cecorp.ca

Investor Relations:
Paradox Public Relations
514-341-0408

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.



Lire la suite de l'article sur www.noodls.com

Critical Elements Corporation

EXPLORATEUR
CODE : CRE.V
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Critical Elements est une société d’exploration minière d'or basée au Canada.

Critical Elements détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont MATCHI-MANITOU, ROSE (LAC PIVERT), CROINOR, GATINEAU, LAC SAVIGNY NE et MELASSE au Canada.

Critical Elements est cotée au Canada. Sa capitalisation boursière aujourd'hui est 57,0 millions CA$ (42,0 millions US$, 37,7 millions €).

La valeur de son action a atteint son plus bas niveau récent le 14 août 2009 à 0,07 CA$, et son plus haut niveau récent le 10 février 2023 à 3,03 CA$.

Critical Elements possède 148 030 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Rapports annuels de Critical Elements Corporation
Annual Report 2007
Financements de Critical Elements Corporation
21/02/2013Arranges Non-Brokered Private Placement
01/04/2011ANNOUNCES FINAL CLOSING OF ITS FINANCING
04/03/2011Reports a Partial Closing of its Financing
12/06/2008arranging non-brokered private placements for up of $1,750,0...
Nominations de Critical Elements Corporation
01/12/2010Appointment of Michel Robert and Jean Rainville as directors...
15/02/2008announce the appointment of Mr. Patrick Bradley
Projets de Critical Elements Corporation
09/06/2011INTERSECTS 1.29% LI20 AND 275 PPM TA2O5 OVER 5.90 METRES NEA...
26/05/2011(Rose (lac Pivert))INTERSECTS 1.64% LI20 AND 226 PPM TA2O5 OVER 9.20 METRES NEA...
28/04/2011(Rose (lac Pivert))INTERSECTS UP TO 1.60% LI2O, 427 PPM TA2O5, 749 PPM BEO, 5,1...
20/03/2011(Rose (lac Pivert))Discovers a New Zone in Drilling on the Rose Deposit
22/02/2011(J6l1)Acquires Eight Rare Earth and Tantalum-Niobium Projects
09/02/2011(Rose (lac Pivert))Drilling Leads to New Tantalum Discovery on Pivert/Rose
02/02/2011(Rose (lac Pivert))Pre-Feasibility Study Underway for the Rose Deposit
03/06/2010(Rose (lac Pivert))Intersects 1.24% Li2O, 3,532 g/t Rubidium, 208 ppm Ta2O5, 16...
27/03/2008(Croinor)Start a Follow-Up Diamond Drill Program at Croinor
24/01/2008(Croinor)RESOURCE ESTIMATE ON CROINOR
Communiqués de Presse de Critical Elements Corporation
08/08/2016Discovery of a pegmatite traced over more than 700 metres on...
08/08/2016Discovery of a pegmatite traced over more than 700 metres on...
08/08/2016Discovery of a pegmatite traced over more than 700 metres on...
01/08/2016Quarterly Activities Report - 30 June 2016
01/08/2016Activities Report to 30 June 2016
06/07/20162016-07-06 Critical Elements (TSXV: CRE) and Natan (TSXV: NR...
06/07/20162016-07-06 Critical Elements (TSXV: CRE) and Natan (tsxv: nr...
28/06/20162016-06-28 Critical Elements Corporation announces strategic...
02/06/20162016-06-02 Critical Elements announces closing of $6 million...
18/05/20162016-05-18 Critical Elements announces $5 million bought dea...
06/05/20162016-05-06 Lepidico exercised Lemare option
06/05/2016Lemare Option Exercised
02/05/2016Activities Report to 31 March 2016
28/04/2016CRITICAL ELEMENTS (TSXV: CRE.V) AND LOMIKO (TSXV: LMR.V) TO ...
28/04/20162016-04-28 Critical Elements (tsxv: cre) and lomiko (tsxv: l...
09/09/20152015-09-09 Critical Elements signs with strategic partner fo...
09/09/2015CORRECTION FROM SOURCE/Critical Elements Signs With Strategi...
08/09/20152015-09-08 Critical Elements signs with strategic partner fo...
08/09/2015IIROC Trading Resumption - CRE
08/09/2015Critical Elements Signs With Strategic Partner for: Off-Take...
03/09/2015IIROC Trading Halt - CRE
18/06/2015Critical Elements Corporation: Annual Meeting
16/06/2015Critical Elements Announces a Closing of $600,300
16/06/20152015-06-16 Critical Elements announces a closing of $600,300
16/01/2015Options Granted
16/01/2015Critical Elements Corporation: Options Granted
22/12/20142014-12-22 Critical Elements announces second closing of $16...
22/12/2014Critical Elements Announces Second Closing of $165,000
02/12/20142014-12-02 Critical Elements announces first closing of $300...
02/12/2014Critical Elements Announces First Closing of $300,000
01/10/2014Critical Elements Confirms the Economic Potential Value of M...
14/08/2014Critical Elements Receives Positive Material Testing Results...
07/08/2014Critical Elements Corporation: Matthew Lauriston Starnes App...
05/08/2014Critical Elements Corporation Achieves Lithium Carbonate Pur...
13/06/2014Critical Elements Corporation: Annual Meeting
14/05/2014Critical Elements Corporation Sends Samples of Lithium Conce...
13/05/2014Critical Elements Corporation Closes the Sale of the Croinor...
23/09/2013Reports Robust Tantalum Recoveries in Optimization Batch Tes...
05/09/2013Reports Positive Optimization Metallurgical Test Results Wit...
05/09/2013Reports Positive Optimization Metallurgical Test Results Wit...
06/08/2013Retains SGS Mineral Services in Lakefield to Complete Optimi...
11/04/2013Hires Paradox for IR
19/03/2013Announces Closing of Second Tranche of $604,000
12/02/2013Discovers Extension of JR Zone at 500 Meters West With High ...
12/11/2012Announces Pre-Development Agreement With the Grand Council o...
11/09/2012is Proud to Name Ron MacDonald as Executive Chairman and to ...
12/07/2011Initiates the Environmental Impact Assessment for the Rose T...
18/05/2011Environmental Study
09/03/2011New OTCQX Stock Symbol
17/02/2011First Gold Changes its Name to Critical Elements
04/04/2008Breaking news
24/03/2008Announce that is has started the application process for a F...
17/03/2008Increased by 50,000 the number of common shares
28/02/2008Announce the nomination of Mr. Denis Simoneau as Chairman
08/02/2008Increased by 479,550 the number of common shares
31/01/2008Announce that Mr. Eric Leboeuf has been appointed President ...
20/12/2007Breaking news
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (CRE.V)
0,385+0.00%
TSX-V
CA$ 0,385
18/09 16:17 -
0%
Cours préc. Ouverture
0,385 0,380
Bas haut
0,380 0,385
Année b/h Var. YTD
0,350 -  1,01 -58,60%
52 sem. b/h var. 52 sem.
0,350 -  1,86 -80,05%
Volume var. 1 mois
55 488 -6,10%
24hGold TrendPower© : 20
Produit
Développe
Recherche Copper - Gold - Lithium - Silver - Tantalum - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 01/12/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
2024-58,60%1,050,35
2023-55,07%3,030,82
202250,00%2,531,18
2021100,00%1,980,70
202086,49%1,020,17
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,05 AU$+0,43%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
8,91 US$-2,73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,59 GBX-3,26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,05 CA$+10,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,06 CA$+0,00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
12,67 +0,88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,34 CA$+6,25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,18 AU$+0,00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,77 -2,21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
40,37 US$-0,22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+0,00%Trend Power :
Profitez de la hausse des actions aurifères
  • Inscrivez-vous à notre market briefing minier
    hebdomadaire
  • Recevez nos rapports sur les sociétés qui nous semblent
    présenter les meilleurs potentiels
  • Abonnement GRATUIT, aucune sollicitation
  • Offre limitée, inscrivez-vous maintenant !
Accédez directement au site.