CRECF - Critical Elements Lithium Looks To Be A Potential 2023 Lithium Producer In Canada
- Critical Elements Lithium is developing their 100% owned Rose Lithium-Tantalum spodumene project in Quebec, Canada. They also have 8 other promising exploration stage projects.
- The Rose Project is reasonable size and has reasonable grades. Stage 1 Feasibility Study result was a post-tax NPV 8% C$726m, post-tax IRR 34.9%, initial CapEx C$341m.
- The project has good infrastructure and Federal permitting has recently been approved. Production is targeted for 2023. Valuation looks to be attractive on a current market cap of just C$251m.
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Critical Elements Lithium Looks To Be A Potential 2023 Lithium Producer In Canada