Critical Elements Lithium Corp (CRECF)

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Critical Elements complete Positive Engineering Study for a Lithium Hydroxide Monohydrate Plant

Critical Elements Lithium Corporation
Thu, August 11, 2022 at 7:30 AM·12 min read
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MONTRÉAL, QC / ACCESSWIRE / August 11, 2022 / Critical Elements Lithium Corporation (TSX-V:CRE) (OTCQX:CRECF) (FSE:F12) ("Critical Elements" or the "Corporation") is pleased to announce completion of an Engineering Study for a Lithium Hydroxide Monohydrate plant. Consistent with the Corporation's conservative, phased approach, the study is based on a standalone conversion plant and does not constitute a "mineral project" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Furthermore, the plant does not form part of the Corporation's Rose Lithium-Tantalum project which consists solely of a mine to produce spodumene and tantalum concentrates (for more details, see press release dated June 13, 2022, announcing the results of a new positive feasibility study on the Rose Lithium project). As at the date hereof, notwithstanding today's announcement, the Corporation is not in a position to confirm that a Lithium Hydroxide Monohydrate plant will ever be implemented.

This strategic milestone could enable Critical Elements to become an important player in the North American Lithium market. Generating separate, standalone engineering studies for (i) the Rose Lithium-Tantalum project and (ii) the Lithium Hydroxide Monohydrate plant may optimize the outcome of discussions with potential strategic investors and end-users.

The Engineering Study for a Lithium Hydroxide Monohydrate plant is based on a yearly production of 30,670 tonnes of high-quality battery grade lithium hydroxide monohydrate from 220,587 tonnes of spodumene concentrate purchased solely on the world market on long term contract basis. The study does not rely on or is not based on any purchases of spodumene concentrate from the Corporation's Rose Lithium-Tantalum project. The operating parameters for the Engineering Study were taken from the joint Metso Outotec and Critical Elements Lithium Corporation piloting programs.


https://finance.yahoo.com/news/critical-elements-complete-positive-engineering-113000362.html