CA Market News
3日前
Critical Elements Announces Participation in THE Mining Investment Event, Quebec City, June 2-4, 2026June 2, 2026 8:00 AM
ACCESS NewswireMONTRÉAL, QC / ACCESS Newswire / June 2, 2026 / Critical Elements Lithium Corporation (TSX-V:CRE)(US OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to announce that it will be participating in THE Mining Investment Event, Canada's Only Tier 1 Global Mining Investment Conference©, taking place June 2-4, 2026, at the Quebec Convention Centre, Quebec City, Canada.The conference brings together leading mining companies, institutional investors, industry executives, analysts, government representatives, and financial professionals from around the world to discuss emerging opportunities and key developments in the global mining sector.Critical Elements' management will be available to meet, and hold scheduled one-on-one investor meetings throughout the three-day conference.Information regarding The Mining Investment Event, including investor registration details, a list of participating companies, panellists, and keynote speakers, as well as a preliminary agenda, may be found at https://www.themininginvestmentevent.com/.About Critical Elements Lithium CorporationCritical Elements aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage system industries. To this end, Critical Elements is advancing the wholly-owned, high-purity Rose Lithium-Tantalum project in Québec, the Corporation's first lithium project to be advanced within a land portfolio of over 1,016 km2. On August 29, 2023, the Corporation announced results of a new Feasibility Study on Rose for the production of spodumene concentrate. The after-tax internal rate of return for the Project is estimated at 65.7%, with an estimated after-tax net present value of US$2.2B at an 8% discount rate. In the Corporation's view, Québec is strategically well-positioned for US and EU markets and boasts good infrastructure including a low-cost, low-carbon power grid featuring 94% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government, received the Certificate of Authorization under the Environment Quality Act from the Québec Minister of the Environment, the Fight against Climate Change, Wildlife and Parks, and the project mining lease from the Québec Minister of Natural Resources and Forests under the Québec Mining Act.For further information, please contact:Jean-Sébastien Lavallée, P. Géo.
Chief Executive Officer
819-354-5146
jslavallee@cecorp.ca
www.cecorp.caNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is described in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE: Critical Elements Lithium Corp.View the original press release on ACCESS NewswireOriginal: Critical Elements Announces Participation in THE Mining Investment Event, Quebec City, June 2-4, 2026
CA Market News
1週前
Lion Delivers High-Grade Copper Intercepts and Positive Metallurgy on Low-Low Grade MineralizationMay 26, 2026 8:40 AM
PR Newswire (Canada) New drill results include 10.30m @ 4.04% CuEqRec1 and 4.07m @ 8.73% CuEqRec1, with metallurgical testing confirming strong recovery potential from disseminated low-grade zones.High-grade copper intercepts: 4.07 metres grading 8.73% CuEqRec1 in hole 26-067Significant broader intercept: 10.30 metres grading 4.04% CuEqRec1 in hole 26-097Positive metallurgy: Locked-Cycle testing on 'low-low grade' disseminated mineralization returns encouraging recovery results, enhancing project economicsTORONTO, May 26, 2026 /CNW/ - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1) is pleased to provide an update on assays and recent testing of low-low grade composite of disseminated mineralization.SummaryAdditional assays from its winter 2026 drill program continue to come in with all assay results expected by mid-June for adding to the initial NI-43-101 Mineral Resource Estimate (MRE) on Lion, and an update of the Nisk Ni-Cu-Pd deposit MRE with completion and reporting of estimates by the end of July. This MRE will form the basis for a Preliminary Economic Assessment (PEA) to begin immediately following the completion of the MRE.This news release also reports metallurgical recoveries comparable to those in prior releases, based on recent Locked-Cycle (LCT) testing of a low-low grade composite of disseminated mineralization at Lion done by SGS Canada Ltd. at its laboratories based in Quebec City, QC, and Lakefield, ON. Testing of this lower grade material will help inform low cut-off grades for deposit modeling in the upcoming MRE.Lion Zone MRE In-fill programMore drill holes continued to define the high-grade Lion Zone close to surface (Figure 1) ahead of the 2026 Mineral Resource Estimate (MRE). The infill drill holes in this release were drilled to increase the confidence in the mineralized zones that are within the range of a potential future open pit. These holes support the robust modelling of the near surface mineralization.The recent drill holes report good near surface continuity of mineralized zones modelled on the shallow Lion Zone as evidenced by PML-26-067 which intersected high-grade copper near surface with 4.07 m @aws-097 which intersected 10.30 m @ 4.04% CuEqRec1 at approximately 75m below surface (Table 1). Table 1: Lion Results - Winter 2026HoleFromToLength2AuAgCuPdPtNiCuEq Rec1(m)(m)(m)(g/t)( g/t )( %)(g/t)( g/t )( %)( %)PML-26-06753.9358.004.070.357.885.885.030.040.258.73PML-26-07057.0058.611.610.047.020.500.450.060.101.00PML-26-072315.3380.0064.670.216.590.340.090.000.010.60Including16.0018.002.000.8224.851.490.110.000.012.36and including39.5041.502.000.488.461.721.940.000.022.99and including56.0061.275.270.6217.580.550.030.000.011.19PML-26-07790.00110.0020.000.215.080.320.240.020.010.65Including108.00110.002.000.276.361.092.160.160.062.40PML-26-091179.00191.3512.351.174.780.490.600.020.021.67Including186.85191.354.503.054.730.781.620.040.043.82PML-26-09791.50101.8010.300.327.980.556.940.700.034.04and169.80172.302.500.1514.750.870.020.010.111.33PML-26-09934.0039.605.600.4616.720.300.820.830.021.42Including37.0039.602.600.7729.590.391.721.780.002.56and55.0057.202.200.274.890.451.070.820.021.46PML-26-102173.90184.3510.450.476.081.031.630.420.513.24Including174.60177.402.801.3115.882.711.640.070.094.67Including178.70182.503.800.224.060.603.080.981.214.76and197.90202.004.100.019.800.540.020.020.090.82PML-26-10393.0094.451.450.2910.570.980.860.010.352.31PML-26-109123.00145.7122.710.499.840.680.750.000.011.45Including129.05138.008.950.9315.630.961.180.000.012.28
1Copper Equivalent Rec Calculation (CuEqRec1)CuEqRec represents CuEq calculated based on the following metal prices (USD) : 2,360.15 $/oz Au, 27.98 $/oz Ag, 1,215.00 $/oz Pd, 1000.00 $/oz Pt, 4.00 $/lb Cu, 10.00 $/lb Ni and 22.50 $/lb Co., and recovered grades based on recent locked-cycle metallurgical recoveries by SGS Canada Inc (see press release Jan 21, 2006).2 Reported length is downhole distance; true width based on model projections is estimated as 85% of downhole length3Hole PML-26-072 was an 'off-angle' hole drilled through the disseminated hanging wall of the Lion Zone and was designed to verify mineralization models.at the overburden/bedrock contact. True width is unknown. Power Metallic is expecting more assay results from the MRE drilling and regional exploration in the weeks to come.NI43-101 Mineral Resource Estimate (MRE)Preparation of a NI-43-101 MRE is underway with updated report section writing, and the start of geological modelling on both the Lion and Nisk deposits. SGS Canada Inc. has been contracted to author the report with an anticipated delivery of results in late July, 2026.As part of this MRE report SGS has conducted metallurgical testing of Lion ore (XPS carried out metallurgy on Nisk ore in 2023), including a blended composite of expected average mineralization (see news release of locked cycle test LCT 1 reported Jan 21 2026), and an additional locked cycle test (LG2) of a 'low-low grade' composite (Table 2) reported here. This low-low grade composite was designed to investigate whether lower grade disseminated mineralization would respond to conventional flotation copper concentration, with recoveries of the accessory minerals (PGE, Au, Ag, Ni). The results of this test will help define a low cut-off grade for the MRE modelling. Table 2: LCT1 Locked-Cycle Test on Lion Zone Blended Composite Feed Grade, Concentrate Grade, and Recovery Summary.ElementFeed GradeConcentrate
GradeRecovery
(%)Cu3.42 %25.80 %98.9Ni0.20 %1.20 %77.1Au0.70 g/t4.83 g/t85.0Pd5.37 g/t41.4 g/t93.9Pt2.90 g/t23.4 g/t96.8Ag24.9 g/t159 g/t88.9As anticipated given the low grade of the LG2 composite test results show lower recoveries than the higher grade LCT 1 blended composite. But surprisingly the test recoveries were only slightly lower, delivering much higher recoveries and concentrate grade than originally anticipated for this low-grade material. Cu recovery was of 98.3% at a 25.4% Cu concentrate grade, with precious metals reporting in the mid to high 80% ranges. This result gives Power Metallic extensive latitude to investigate including significant volumes of very low-grade material into the Lion MRE.Table 3: LG2 Locked Cycle Test – Feed, Concentrate Grade and Recovery Summary ElementFeed GradeConcentrate
GradeRecovery
(%)Cu0.62 %25.40 %98.3Ni0.04 %0.78 %47.7Au0.37 g/t12.7 g/t83.1Pd0.97 g/t38.9 g/t89.1Pt0.22 g/t7.9 g/t84.1Ag6.26 g/t271 g/t75.9Additionally, SGS Canada Inc. is conducting hydrometallurgical testing of the copper concentrates from Lion LCT tests to determine if a direct to metal solution to recovery could be feasible. Results of this work is pending. Qualified PersonJoseph Campbell, P. Geo, VP Exploration at Power Metallic, is the qualified person who has reviewed and approved the technical disclosure contained in this news release.About Power Metallic Mines Inc.Power Metallic is a Canadian exploration company focused on advancing the Nisk Project Area (Nisk–Lion–Tiger)—a high–grade Copper–PGE, Nickel, gold and silver system—toward Canada's next polymetallic mine.On 1 February 2021, Power Metallic (then Chilean Metals) secured an option to earn up to 80% of the Nisk project from Critical Elements Lithium Corp. (TSX–V: CRE). Following the June 2025 purchase of 313 adjoining claims (~167 km²) from Li–FT Power, the Company now controls ~330 km² and roughly 50 km of prospective basin margins.Power Metallic is expanding mineralization at the Nisk and Lion discovery zones, evaluating the Tiger target, and exploring the enlarged land package through successive drill programs.Beyond the Nisk Project Area, Power Metallic indirectly has an interest in significant land packages in British Columbia and Chile, by its 50% share ownership position in Chilean Metals Inc., which were spun out from Power Metallic via a plan of arrangement on February 3, 2025.It also owns 100% of Power Metallic Arabia which owns 100% interest in the Jabul Baudan exploration license in The Kingdon of Saudi Arabia's Jabal Said Belt. The property encompasses over 200 square kilometres in an area recognized for its high prospectivity for copper gold and zinc mineralization. The region is known for its massive volcanic sulfide (VMS) deposits, including the world-class Jabal Sayid mine and the promising Umm and Damad deposit.For further information, readers are encouraged to contact:
Power Metallic Mines Inc.
The Canadian Venture Building
82 Richmond St East, Suite 202
Toronto, ONNeither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.QAQC and SamplingGeoVector Management Inc ("GeoVector") is the Consulting company retained to perform the actual drilling program, which includes core logging and sampling of the drill core.All core in this news release is either HQ or NQ sized core. Drill core is re-fitted and measured. Geotech on core includes photographs (wet & dry), rock quality index, magnetic susceptibility, conductivity, and recovery estimates. Core is logged for lithology, mineralogy, and structural features, and sample intervals are delineated and tagged.Sampled core is mechanically sawn, and half-core is retained for future reference. GeoVector's QAQC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream with a stringent review of all results. QAQC and data validation was performed, and no material errors were observed.All samples were submitted to and analyzed at Activation Laboratories Ltd ("Actlabs"), a commercial laboratory independent of Power Metallic with no interest in the Project. Actlabs is an ISO 9001 and 17025 certified and accredited laboratories. Samples submitted through Actlabs are run through standard preparation methods and analysed using RX-1 (Dry, crush (< 7 kg) up to 80% passing 2 mm, riffle split (250 g) and pulverize (mild steel) to 95% passing 105 µm) preparation methods, and using 1F2 (ICP-OES) and 1C-OES - 4-Acid near total digestion + Gold-Platinum-Palladium analysis and 8-Peroxide ICP-OES, for regular and over detection limit analysis. Pegmatite samples are analyzed using UT7 - Li up to 5%, Rb up to 2% method. Actlabs also undertake their own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration.Cautionary Note Regarding Forward-Looking StatementsThis message contains certain statements that may be deemed "forward-looking statements" concerning the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," "indicates," "opportunity," "possible" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, among others; the timing for various drilling plans; the ability to raise sufficient capital to fund its obligations under its property agreements going forward and conduct drilling and exploration; to maintain its mineral tenures and concessions in good standing; to explore and develop its projects; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations; future prices of nickel and other metals; changes in general economic conditions; accuracy of mineral resource and reserve estimates; the potential for new discoveries; the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if accepted, to obtain such licenses and approvals in a timely fashion relative to the Company's plans and business objectives for the applicable project; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry. View original content to download multimedia:https://www.prnewswire.com/news-releases/lion-delivers-high-grade-copper-intercepts-and-positive-metallurgy-on-low-low-grade-mineralization-302781814.htmlSOURCE Power Metallic Mines Inc. Original: Lion Delivers High-Grade Copper Intercepts and Positive Metallurgy on Low-Low Grade Mineralization
CA Market News
2週前
Critical Elements Reports High Grade Lithium, Tantalum and Cesium in The Last Holes of The Winter Drill ProgramMay 21, 2026 6:30 AM
ACCESS NewswireMONTRÉAL, QUÉBEC / ACCESS Newswire / May 21, 2026 / Critical Elements Lithium Corporation (TSX-V:CRE)(OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to provide the last assay results and an update on its Phase 1 Winter 2026 drill program, at the 100% owned Rose West Discovery ("Rose West"), located in Eeyou Istchee, Québec.HighlightsThe Phase 1 Winter 2026 drill program has delivered positive results demonstrating the successful expansion of the Rose West mineralized footprint from 450 m x 370 m to 1,250 m x 800 m, thicknesses that typically range from 10 to 40 m, and excellent lateral grade continuity.Newly discovered Pegmatite 5 is delivering substantial and laterally continuous intersections in the southern portion of the Main Target Area, part of a stacked and generally flat lying system.The geological model continues to prove to be highly effective and productive.Preparation is underway for an upcoming follow-up Summer 2026 Drilling Program.Assay results were received for the four remaining holes RW-26-38 to 40, and RW-26-43, and returned some significant lithium and tantalum composite assays, as highlighted below:1.03% Li2O and 233 ppm Ta2O5 over 14.65 m (including 1.68% Li2O and 224 ppm Ta2O5 over 8.25 m), through Pegmatite 2, in hole RW-26-381.71% Li2O and 210 ppm Ta2O5 over 14.75 m (including 2.47% Li2O and 165 ppm Ta2O5 over 8.05 m), through Pegmatite 3, in hole RW-26-390.98% Li2O and 121 ppm Ta2O5 over 11,20 m, through Pegmatite 5 (new), and
1.73% Li2O and 94 ppm Ta2O5 over 15.60 m (including 2.90% Li2O and 106 ppm Ta2O5 over 7.35 m), through Pegmatite 3, in hole RW-26-400.47% Li2O and 832 ppm Ta2O5 over 6.25 m (including 2.28% Li2O, 2,796 ppm Ta2O5 and 876 ppm Cs2O over 1.20 m), through Pegmatite 2, in hole RW-26-43* Core length; the true thickness is between 80 to 95% of the core length.Rose West is situated within 10 km of the highly advanced Rose Lithium-Tantalum Project ("Rose"). Rose West is a near surface lithium-rich pegmatite bearing zone, initially intercepted by drilling over a 450 m x 370 m footprint area in the winter of 2024 (see Press Release dated February 3, 2026), now covering an overall footprint of 1,250 m x 800 m. The lithium-rich pegmatites typically range from 10 to 40 m in thickness and display a sub-horizontal geometry. Recent drilling has identified three (3) new spodumene-bearing pegmatitic bodies within the target area; a significant addition to the working model as it could potentially lead to rapid growth of the mineral inventory within the footprint of the project.To date, the Winter 2026 drill program has covered most of the Line A, Line E and Line K planned holes (Figure 1). As previously mentioned, holes were planned to reach three specific goals:Expand laterally all around the existing mineralized footprint (RW-26-29 to 34, RW-26-45 & 46);Test the area for continuity to the northeast (RW-26-47 to 50), to the southeast (RW-26-40 to 44);Verify the potential of discovering additional lithium-bearing pegmatites below the currently defined area.Figure 1 below presents the 2026 collars location with, as well as the revised footprint on surface of the interpreted spodumene-rich pegmatitic dykes. Nineteen (19) holes have been drilled to date for a total of 4,037.75 meters. Table 1 presents the collar locations along with final length and the azimuth / dip of the holes drilled during this campaign.Figure 1: Location map of the 2026 drillholes with respect to those from the winter 2024 campaign. DrillholeGridUTM NAD 83 ZN18LengthAzimuthDip PositionEastingNorthing(m)(°)(°)RW-26-29E-084112775763656207.00245-80RW-26-30E-06411195576359972.00245-70RW-26-31K-104111295764041126.00245-70RW-26-32K-114112115764098165.00245-70RW-26-33K-124112935764156287.70245-70RW-26-34K-134113755764213147.00245-70RW-26-38C-164119655763893218.90245-70RW-26-39A-084115065763328262.35245-70RW-26-40A-114116705763443195.00245-70RW-26-41A-134118345763558218.50245-70RW-26-42A-1541199857636739.00245-70RW-26-43A-174121625763788264.00245-70RW-26-44A-214124895764017301.90245-70RW-26-45E-144116865763943277.30245-80RW-26-46E-154117685764000222.00245-80RW-26-47E-174119325764115194.30245-70RW-26-48E-194120965764230207.00245-70RW-26-49E-214122605764345255.00245-70RW-26-50E-234124235764459407.8245-70Table 1 - 2026 Winter drillholes location and summary descriptionTable 2 following presents the composite assay results from the Winter 2026 Drill Program. New and updated results presented in the current press release are highlighted in grey.Hole RW-26-38 was drilled on Line C (Figure 1), and intersected two thin zones within the projection of the new Pegmatite 5 and did not intersect the projection of Pegmatite 3, likely marking a pinching of the zones at this location. Pegmatite 2 was intersected over 14.65 m lower down the hole, consistent with the reported thickness in holes drilled on Line K, 200 m to the north.Holes RW-26-39 and RW-26-40 were drilled on Line A (Figure 2), along the southern extent of the initial mineralized area. The two (2) holes intersected two significant pegmatites interpreted to be Pegmatite 5 (new) and Pegmatite 3; both showing a thickness still in the range of 10-15 meters, and extending the footprint of the main Pegmatite 3 by approximately 500 m to the south. It is noticeable that Cesium oxide (Cs2O) grade appears to increase towards the south; from the usual 50-125 ppm Cs2O observed in the previous holes, both holes 39 and 40 show values ranging from 125 to 500 ppm, with spikes close to the 1,000 ppm threshold.Hole RW-26-43, also on Line A, did not intersect the projection of neither Pegmatite 5 nor 3, but returned 0.47 % Li2O over 6.25 m through Pegmatite 2; extending the latter by an additional 100 m towards the East. Although relatively thin, this intersection returned very high Ta2O5 (832 ppm over 6.25 m, including 2,796 ppm over the length of a 1.20 m sample) as well as high values Cs2O, averaging 876 ppm over 6.25 m, and as high as 4,018 ppm (0.4 %) Cs2O along with 2.28 % Li2O over the length of the 1.20 m sample.DrillholeFromToLengthLi2OTa2O5Zone (m)(m)(m)(%)(ppm) RW-26-2912.6016.203.601.512424 176.95192.0015.050.771706 (new)including180.00188.008.001.391116 (new)RW-26-303.456.402.950.402394RW-26-3154.0060.506.500.151913 96.00101.855.850.581702RW-26-3239.0052.5013.501.892073 105.10110.855.750.79208n.a 116.90118.251.350.1823n.aRW-26-3360.3578.1017.751.291693including63.0072.009.002.131053 122.05123.601.550.014322RW-26-3437.0051.5014.501.191673including37.0049.2012.201.411703RW-26-3871.6073.501.900.801185 (new) 83.7085.601.900.30137n.a 194.25208.9014.651.032332including194.25202.508.251.682242RW-26-3968.6571.352.701.312385 (new) 112.05126.8014.751.712103including114.95123.008.052.471653 132.15137.505.350.13328n.a.RW-26-4026.2027.901.700.03303n.a 55.9067.1011.200.981215 (new) 104.40120.0015.601.73943including108.00115.357.352.901063 150.40155.304.900.03180n.aRW-26-4168.5587.0518.501.51935 (new)including68.5578.159.602.49505 (new) 112.00122.0010.000.891753 189.70192.853.150.02258n.aRW-26-42-9.00 Abandoned RW-26-43204.95211.206.250.478322including206.45207.651.202.282,7962RW-26-44-301.90No significant results RW-26-45113.20141.0027.801.271113including119.00141.0022.001.431223 163.25175.9012.651.001922RW-26-4670.6081.0510.450.932915 (new)including72.0075.003.002.755535 (new) 125.60138.2012.602.18683including126.60134.007.403.11483 168.20182.8014.601.821762Including168.20178.7010.502.421462RW-26-4769.3079.6010.301.721175 (new)Including70.2576.606.352.611175 (new) 140.15151.9011.751.91743 165.25175.6010.351.44266n.a 188.05193.255.201.681012RW-26-48130.50138.608.100.592003 168.65175.907.250.031562RW-26-49158.55160.652.100.011103RW-26-50328.20341.1012.901.131097 (new)Including328.20335.457.251.671087 (new)* Core length; the true thickness is between 80 to 95% of the core length.
** Zone; n.a refers to "not assigned" to a given interpreted mineralized zone.
*** New and updated results are highlighted in grey.Table 2 - Spodumene-rich pegmatite intervals and assay results from the Winter 2026 drill campaign.Figure 2: Vertical section - Line A; looking northwest Photos 2A and 2C show a new pegmatitic zone (Zone 5), and photos 2B and 2D are examples of the main pegmatite (Zone 3) aspect in core.Figure 3: Vertical section - Line E; looking northwest Photo 3A from hole RW-26-45 represents the widest intersection of the current campaign. Photo 3B is an example of Zone 2. Photos 3C and 3D show the new Zone 5 and Zone 7 respectively.Figure 4: Vertical section - Line K; looking northeast Core photos 4A, 4B, 4D and 4E are all examples of the main Zone 3 pegmatite. Photo 4C presents a thinner intersection through Zone 2.The Winter 2026 drill campaign ended April 3rd, and all assay results of the samples sent to the laboratory are now available and presented in the current press release. The campaign has proven to be successful by demonstrating the lateral continuity of the mineralization, and interpretation of the mineralized model has been completed to the extent of the available data. Figure 5 below shows a 3D view looking up-plunge along the shallow structural corridor defined by aplitic dykes. The sub-horizontal pegmatites dykes are believed to be in an extensional position and distributed in a "en echelon" pattern within a much wider regional structural framework.Figure 5: 3D view - looking southwest "The drilling campaign has clearly met our initial goals; expanding the know mineralized volumes and demonstrating the lateral continuity of the grades in Lithium and Tantalum oxides. Work continues at refining our structural interpretation of the system to prepare for a follow up summer drilling program. We are confident in our 3D model which so far has proven to be predictive. We believe the model to be robust enough to start integrating geochemical data and run multi-elements interpolations within the structurally defined mineralized. We are hopeful that it could lead to better defining high grade mineralization vectors within the system", commented Kenneth Williamson, Director of Exploration of the Corporation.Quality assurance/quality controlQuality assurance and quality control procedures have been implemented to ensure best practices in sampling and analysis of the drill core samples. Standards, duplicate and blanks were regularly inserted into the sample stream. The drill core samples were delivered, in secure tagged bags to the ALS Minerals laboratory facility in Val-d'Or, Québec. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75 µm. All samples are analyzed using sodium peroxide fusion ME-MS-89L, with full analysis for 52 elements. Value over 25,000 ppm Li were re-assays using Li-ICP-82b and value over 2,500 ppm Ta2O5 were re-assays using Ta-XRF10.Qualified PersonKenneth Williamson, Géo, M.Sc. Director of Exploration at Critical Elements, is the Qualified Person that has reviewed and approved the technical contents of this news release on behalf of the Corporation.About Critical Elements Lithium CorporationCritical Elements aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage system industries. To this end, Critical Elements is advancing the wholly-owned, high-purity Rose Lithium-Tantalum project in Québec, the Corporation's first lithium project to be advanced within a land portfolio of over 1,016 km2. On August 29, 2023, the Corporation announced results of a new Feasibility Study on Rose for the production of spodumene concentrate. The after-tax internal rate of return for the Project is estimated at 65.7%, with an estimated after-tax net present value of US$2.2B at an 8% discount rate. In the Corporation's view, Québec is strategically well-positioned for US and EU markets and boasts good infrastructure including a low-cost, low-carbon power grid featuring 94% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government, received the Certificate of Authorization under the Environment Quality Act from the Québec Minister of the Environment, the Fight against Climate Change, Wildlife and Parks, and the project mining lease from the Québec Minister of Natural Resources and Forests under the Québec Mining Act.For further information, please contact:Jean-Sébastien Lavallée, P. Géo.
Chief Executive Officer
819-354-5146
jslavallee@cecorp.ca
www.cecorp.caNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is described in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Cautionary statement concerning forward-looking statementsThis news release contains "forward-looking information" within the meaning of Canadian Securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "scheduled", "anticipates", "expects" or "does not expect", "is expected", "scheduled", "targeted", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information contained herein include, without limitation, statements relating to the anticipated receipt of the final assay results from the 2026 drilling program on the Corporation's Rose West property, the results and completion of the 2026 exploration drilling program and its related objectives. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.Although Critical Elements has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking information include, but are not limited to: delays in obtaining final assay results from the laboratory facility, the final and complete results of the Corporation's 2026 exploration drilling program on the Corporation's Rose West property not delivering the anticipated results and the effects on the Corporation's stated objectives, as well as those risk factors set out in the Corporation's Management Discussion and Analysis for its most recent quarter ended February 28, 2026 and other disclosure documents available under the Corporation's SEDAR+ profile. Forward-looking information contained herein is made as of the date of this news release and Critical Elements disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.Forward-looking information contained herein is made as of the date of this news release. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.SOURCE: Critical Elements Lithium Corp.View the original press release on ACCESS NewswireOriginal: Critical Elements Reports High Grade Lithium, Tantalum and Cesium in The Last Holes of The Winter Drill Program
CA Market News
2週前
Power Metallic Announces Expansion In the Kingdom of Saudi Arabia via Joint Venture With Amaar MiningMay 19, 2026 2:30 AM
PR Newswire (Canada) Strategic partnership establishes a framework for Power Metallic and Amaar Mining to jointly pursue future Saudi mining license auction rounds, with 50/50 ownership economics and an initial approved post-award work-program funding framework of up to US$10 millionTORONTO, May 19, 2026 /CNW/ - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1) is pleased to announce that it has entered into a strategic alliance and joint venture framework agreement with Amaar United Mining Company ("Amaar Mining"), a Saudi Arabian company affiliated with Amaar Holding, to jointly pursue mining license opportunities in the Kingdom of Saudi Arabia. The agreement marks the next step in Power Metallic's expansion strategy in Saudi Arabia following the Company's award of the Jabal Baudan exploration license in the Jabal Sayid Mineralized Belt. Under the agreement, Power Metallic and Amaar Mining intend to cooperate in future Saudi mining license auction rounds and other mutually agreed opportunities, combining Power Metallic's technical, geological, and exploration capabilities with Amaar Mining's local strategic presence, coordination capacity, and regulatory interface experience in the Kingdom.Pursuant to the agreement, any licenses awarded to the parties under the agreed framework are expected to be advanced through a 50/50 joint venture structure. Power Metallic is expected to act as technical lead and proposed operator of any post-award joint venture, subject to the execution of definitive joint venture documentation. Amaar Mining is expected to act as the local strategic partner, leading local coordination, relationship management, and administrative support.The agreement contemplates that, for the first aggregate US$10 million of approved post-award work-program funding, Power Metallic will contribute US$2.5 million and Amaar Mining will contribute US$7.5 million, while maintaining 50/50 beneficial ownership, economic interests, and equity interests in the consortium and any post-award joint venture. Following the funding of the first US$10 million of approved work-program expenditures, all further approved funding is expected to be contributed by the parties on a 50/50 basis."This agreement is an important step in Power Metallic's strategy to build a durable Saudi Arabia exploration platform," said Terry Lynch, CEO of Power Metallic. "Our award of the Jabal Baudan license demonstrated that Power Metallic can compete successfully in one of the world's most important emerging mining jurisdictions. This partnership with Amaar Mining gives us a strong local partner and a clear framework to pursue additional high-quality license opportunities in future auction rounds, while preserving 50/50 economics and maintaining disciplined capital exposure.""Saudi Arabia is moving quickly to establish itself as a major global mining jurisdiction, and the quality of future license applications will matter," said Conor Lynch, Vice President of Business Development of Power Metallic. "Successful participation in the Kingdom requires strong geology, credible work programs, local coordination, regulatory preparation, and disciplined execution. We believe the combination of Power Metallic's technical capabilities and Amaar Mining's local platform positions the partnership to compete effectively for future opportunities."Naser Fahad Al-Qahtani, CEO of Amaar Mining, commented: "This agreement represents a strategic step in our plans to expand Amaar Mining's business and enhance its presence in the mining sector by building international partnerships with experienced technical partners. This partnership aligns with the objectives of Saudi Arabia's Vision 2030, which aims to develop the mining sector and increase its contribution to the national economy. Through this alliance with Power Metallic, we look forward to creating quality opportunities in the Kingdom and achieving sustainable added value that supports the sector's growth and investment attractiveness."Key Terms of the Joint Venture FrameworkThe key commercial principles of the agreement include:50/50 ownership and economics: Power Metallic and Amaar Mining are expected to hold equal beneficial ownership, economic interests, and equity interests in the consortium and any post-award joint venture.Future license auction participation: The parties intend to cooperate in future Saudi mining license auction rounds and other mutually agreed opportunities in the Kingdom.Power Metallic as technical lead and proposed operator: Power Metallic is expected to lead geological, exploration, technical preparation, and work-program design matters and to act as proposed operator of any post-award joint venture, subject to definitive documentation.Amaar Mining as local strategic partner: Amaar Mining is expected to lead local coordination, relationship management, and administrative support in the Kingdom, and to contribute to bid preparation and regulatory interface matters.Initial approved work-program funding: For the first aggregate US$10 million of approved post-award work-program funding, Power Metallic is expected to contribute US$2.5 million and Amaar Mining is expected to contribute US$7.5 million.Equal funding thereafter: Following the first US$10 million of approved work-program funding, additional approved funding is expected to be contributed by the parties equally on a 50/50 basis.Post-award joint venture structure: Any awarded licenses under the agreed framework are expected to be advanced through the joint venture structure contemplated by the agreement.The agreement provides Power Metallic with a scalable structure for future license participation in Saudi Arabia while allowing the Company to maintain a disciplined approach to capital allocation.Building on Jabal BaudanPower Metallic's Saudi Arabia expansion began with the award of the Jabal Baudan exploration license in the Jabal Sayid Mineralized Belt. The Jabal Baudan property covers more than 200 square kilometers and is located in a highly prospective region known for copper, gold, and zinc mineralization. The area forms part of the broader Jabal Sayid belt, a district recognized for volcanogenic massive sulphide-style mineralization.Power Metallic intends to continue advancing Jabal Baudan through a staged exploration approach, including compilation, reconnaissance, review of historical data, and advanced exploration targeting of high-priority zones. The Company also expects that Saudi Arabia's Exploration Enablement Program and broader mining-sector reforms may help support continued exploration investment in the Kingdom, subject to applicable eligibility requirements, approvals, and program availability.The Company views Jabal Baudan as both a high-potential exploration asset and a strategic beachhead for broader participation in Saudi Arabia's rapidly developing mining sector.About Amaar Mining and Amaar HoldingAmaar Mining is a Saudi Arabian mining company affiliated with Amaar Holding, a diversified Saudi investment group headquartered in the Kingdom of Saudi Arabia. Amaar Holding was established to diversify investments across sectors and regions with strong economic potential, building on the group's roots in real estate, infrastructure development, and strategic partnerships.Amaar Holding traces its origins to Amaar Real Estate, founded in 2011 in the Eastern Province of Saudi Arabia, and has since expanded into a diversified investment platform. Amaar Holding states that its cumulative portfolio exceeds 140 million square meters of developed lands with a value exceeding 40 billion SAR. Through Amaar Mining, the group is seeking to expand its participation in the Saudi mining sector and contribute to the Kingdom's Vision 2030 objectivesQualified PersonJoseph Campbell, P. Geo, VP Exploration at Power Metallic, is the qualified person who has reviewed and approved the technical disclosure contained in this news release.About Power Metallic Mines Inc.Power Metallic is a Canadian exploration company focused on advancing the Nisk Project Area (Nisk–Lion–Tiger)—a high–grade Copper–PGE, Nickel, gold and silver system—toward Canada's next polymetallic mine.On 1 February 2021, Power Metallic (then Chilean Metals) secured an option to earn up to 80% of the Nisk project from Critical Elements Lithium Corp. (TSX–V: CRE). Following the June 2025 purchase of 313 adjoining claims (~167 km²) from Li–FT Power, the Company now controls ~330 km² and roughly 50 km of prospective basin margins.Power Metallic is expanding mineralization at the Nisk and Lion discovery zones, evaluating the Tiger target, and exploring the enlarged land package through successive drill programs.Beyond the Nisk Project Area, Power Metallic indirectly has an interest in significant land packages in British Columbia and Chile, by its 50% share ownership position in Chilean Metals Inc., which were spun out from Power Metallic via a plan of arrangement on February 3, 2025.It also owns 100% of Power Metallic Arabia which owns 100% interest in the Jabul Baudan exploration license in The Kingdon of Saudi Arabia's Jabal Said Belt. The property encompasses over 200 square kilometres in an area recognized for its high prospectivity for copper gold and zinc mineralization. The region is known for its massive volcanic sulfide (VMS) deposits, including the world-class Jabal Sayid mine and the promising Umm and Damad deposit.For further information, readers are encouraged to contact:
Power Metallic Mines Inc.
The Canadian Venture Building
82 Richmond St East, Suite 202
Toronto, ONNeither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.QAQC and SamplingGeoVector Management Inc ("GeoVector") is the Consulting company retained to perform the actual drilling program, which includes core logging and sampling of the drill core. All core in this news release is either HQ or NQ sized core. Drill core is re-fitted and measured. Geotech on core includes photographs (wet & dry), rock quality index, magnetic susceptibility, conductivity, and recovery estimates. Core is logged for lithology, mineralogy, and structural features, and sample intervals are delineated and tagged.Sampled core is mechanically sawn, and half-core is retained for future reference. GeoVector's QAQC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream with a stringent review of all results. QAQC and data validation was performed, and no material errors were observed.All samples were submitted to and analyzed at Activation Laboratories Ltd ("Actlabs"), a commercial laboratory independent of Power Metallic with no interest in the Project. Actlabs is an ISO 9001 and 17025 certified and accredited laboratories. Samples submitted through Actlabs are run through standard preparation methods and analysed using RX-1 (Dry, crush (< 7 kg) up to 80% passing 2 mm, riffle split (250 g) and pulverize (mild steel) to 95% passing 105 µm) preparation methods, and using 1F2 (ICP-OES) and 1C-OES - 4-Acid near total digestion + Gold-Platinum-Palladium analysis and 8-Peroxide ICP-OES, for regular and over detection limit analysis. Pegmatite samples are analyzed using UT7 - Li up to 5%, Rb up to 2% method. Actlabs also undertake their own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration.Cautionary Note Regarding Forward-Looking StatementsThis message contains certain statements that may be deemed "forward-looking statements" concerning the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," "indicates," "opportunity," "possible" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, among others; the timing for various drilling plans; the ability to raise sufficient capital to fund its obligations under its property agreements going forward and conduct drilling and exploration; to maintain its mineral tenures and concessions in good standing; to explore and develop its projects; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations; future prices of nickel and other metals; changes in general economic conditions; accuracy of mineral resource and reserve estimates; the potential for new discoveries; the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if accepted, to obtain such licenses and approvals in a timely fashion relative to the Company's plans and business objectives for the applicable project; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry. View original content to download multimedia:https://www.prnewswire.com/news-releases/power-metallic-announces-expansion-in-the-kingdom-of-saudi-arabia-via-joint-venture-with-amaar-mining-302775344.htmlSOURCE Power Metallic Mines Inc. Original: Power Metallic Announces Expansion In the Kingdom of Saudi Arabia via Joint Venture With Amaar Mining
CA Market News
1月前
Critical Elements' 10,000-Metre Drill Program at Rose West Continues to Deliver Positive ResultsMay 4, 2026 8:08 AM
ACCESS NewswireMONTRÉAL, QUÉBEC / ACCESS Newswire / May 4, 2026 / Critical Elements Lithium Corporation (TSX-V:CRE)(OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to provide assay results and an update on its Phase 1 Winter 2026 drill program, at the 100% owned Rose West Discovery ("Rose West"), located in Eeyou Istchee, Québec.HighlightsThe Phase 1 Winter 2026 drill program continues to deliver positive results demonstrating the successful expansion of the Rose West mineralized footprint from 450 m x 370 m to 1,250 m x 800 m, thicknesses that typically range from 10 to 40 m, and excellent lateral continuity.Newly discovered Pegmatite 5 is delivering substantial and laterally continuous intersections in the southern portion of the Main Target Area, part of a stacked and generally flat lying system.The geological model continues to prove to be highly effective and productive.An additional nineteen holes have been completed with assays pending from four holes.A technical webinar is planned for Wednesday, May 6, 2026 at 11:00 am EST (link following).Assay results were received for holes RW-26-34, and RW-26-41, and returned some significant lithium and tantalum composite assays, as highlighted below:1.19% Li2O and 167 ppm Ta2O5 over 14.50 m (including 1.41% Li2O and 170 ppm Ta2O5 over 12.20 m), through Pegmatite 3, in hole RW-26-341.51% Li2O and 93 ppm Ta2O5 over 18.50 m (including 2.49% Li2O and 50 ppm Ta2O5 over 9.60 m), through Pegmatite 5 (new), and0.89% Li2O and 175 ppm Ta2O5 over 10.00 m, through Pegmatite 3, in hole RW-26-41* Core length; the true thickness is between 80 to 95% of the core length.Rose West is situated within 10 km of the highly advanced Rose Lithium-Tantalum Project ("Rose"). Rose West is a near surface lithium-rich pegmatite bearing zone, initially intercepted by drilling over a 450 m x 370 m footprint area in the winter of 2024 (see Press Release dated April 29, 2026), now covering an overall footprint of 1,250 m x 800 m. The lithium-rich pegmatites typically range from 10 to 40 m in thickness and display a sub-horizontal geometry. Recent drilling has identified three (3) new spodumene-bearing pegmatitic bodies within the target area; a significant addition to the working model as it could potentially lead to rapid growth of the mineral inventory within the footprint of the project.Jean-Sébastien Lavallée, CEO of the Corporation, noted, "We are very pleased with our 2026 drill program to date. The program is demonstrating the efficacy of our geological model and significant growth in the Rose West mineralized footprint, which in turn may have a significant impact on the economic value of our flagship Rose project. Assembling the project financing leading to a final investment decision for Rose, one of the most advanced hardrock lithium projects in North America, remains our primary goal. Demonstrating the potential scale of Rose and its satellite Rose West is, however, a cost-effective value driver for Critical Elements, its shareholders, and the citizens of Eeyou Istchee, the Province of Québec, and Canada."To date, the Winter 2026 drill program has covered most of the Line A, Line E and Line K planned holes (Figure 1). As previously mentioned, holes were planned to reach three specific goals:Expand laterally all around the existing mineralized footprint (RW-26-29 to 34, RW-26-45 & 46);Test the area for continuity to the northeast (RW-26-47 to 50), to the southeast (RW-26-40 to 44);Verify the potential of discovering additional lithium-bearing pegmatites below the currently defined area.Figure 1 below presents the 2026 collars location with, as well as the revised footprint on surface of the interpreted spodumene-rich pegmatitic dykes. Nineteen (19) holes have been drilled to date for a total of 4,037.75 meters. Table 1 presents the collar locations along with final length and the azimuth / dip of the holes drilled during this campaign.Figure 1: Location map of the 2026 drillholes with respect to those from the winter 2024 campaign. DrillholeGridUTM NAD 83 ZN18LengthAzimuthDip PositionEastingNorthing(m)(°)(°)RW-26-29E-084112775763656207245-80RW-26-30E-06411195576359972245-70RW-26-31K-104111295764041126245-70RW-26-32K-114112115764098165245-70RW-26-33K-124112935764156287.7245-70RW-26-34K-134113755764213147245-70RW-26-38C-164119655763893218.9245-70RW-26-39A-084115065763328262.35245-70RW-26-40A-114116705763443195245-70RW-26-41A-134118345763558218.5245-70RW-26-42A-1541199857636739245-70RW-26-43A-174121625763788264245-70RW-26-44A-214124895764017301.9245-70RW-26-45E-144116865763943277.3245-80RW-26-46E-154117685764000222245-80RW-26-47E-174119325764115194.3245-70RW-26-48E-194120965764230207245-70RW-26-49E-214122605764345255245-70RW-26-50E-234124235764459407.8245-70Table 1 - 2026 Winter drillholes location and summary descriptionTable 2 following presents the composite assay results received to date, and the intervals of anticipated mineralization along the other holes drilled during this current campaign. New and updated results presented in the current press release are highlighted in grey.Holes RW-26-31 to RW-26-34 were drilled along Line K, at the northern boundary of the target area; Assay results are now available for hole RW-26-34. This group of holes by itself extends the northern boundary of the main Pegmatite 3 footprint area by some 500 x 100 meters yet showing an average thickness of 15 meters.Covering an area of 500 m x 600 m, drilling to the south (RW-26-38 to RW-26-44) also intersected two significant pegmatites interpreted to be Pegmatite 5 (new) and Pegmatite 3; they show a thickness still in the range of 10-15 meters. Assay results from hole RW-26-41 confirms the high-grade nature of the newly interpreted Pegmatite 5 over a larger interval than along Line K (18.50 m compared to 10.50 m) confirming grade continuity and suggesting that the zone thickness has significantly increased toward the south, Pegmatite 3 zone also demonstrates continuity in grade over to the south area, maintaining 0.89% Li2O over the 10.00 m interval.Assay results for the remaining 4 holes are not yet available but are anticipated to reflect the concentration of spodumene observed in the core.DrillholeFromToLengthLi2OTa2O5Zone (m)(m)(m)(%)(ppm) RW-26-2912.6016.203.601.512424 176.95192.0015.050.771706 (new)including180.00188.008.001.391116 (new)RW-26-303.456.402.950.402394RW-26-3154.0060.506.500.151913 96.00101.855.850.581702RW-26-3239.0052.5013.501.892073 105.10110.855.750.79208n.a 116.90118.251.350.1823n.aRW-26-3360.3578.1017.751.291693including63.0072.009.002.131053 122.05123.601.550.014322RW-26-3437.0051.5014.501.191673including37.0049.2012.201.411703RW-26-3871.6585.613.95Pending results5 (new) 194.25208.914.65Pending results2RW-26-3968.6571.352.70Pending results5 (new) 112.00126.5014.50Pending results3 132.15137.505.35Pending resultsn.a.RW-26-4026.2027.901.70Pending resultsn.a 55.9067.1011.20Pending results5 (new) 104.40120.0015.60Pending results3 150.40155.304.90Pending resultsn.aRW-26-4168.5587.0518.501.51935 (new)including68.5578.159.602.49505 (new) 112.00122.0010.000.891753 189.70192.853.150.02258n.aRW-26-42-9.00 Abandoned RW-26-43204.95211.206.25Pending results2RW-26-44-301.90No significant results RW-26-45113.20141.0027.801.271113including119.00141.0022.001.431223 163.25175.9012.651.001922RW-26-4670.6081.0510.450.932915 (new)including72.0075.003.002.755535 (new) 125.60138.2012.602.18683including126.60134.007.403.11483 168.20182.8014.601.821762Including168.20178.7010.502.421462RW-26-4769.3079.6010.301.721175 (new)Including70.2576.606.352.611175 (new) 140.15151.9011.751.91743 165.25175.6010.351.44266n.a 188.05193.255.201.681012RW-26-48130.50138.608.100.592003 168.65175.907.250.031562RW-26-49158.55160.652.100.011103RW-26-50328.20341.1012.901.131097 (new)Including328.20335.457.251.671087 (new)* Core length; the true thickness is between 80 to 95% of the core length.** Zone; n.a refers to "not assigned" to a given interpreted mineralized zone.*** New and updated results are highlighted in grey.Table 2 - Spodumene-rich pegmatite intervals and assay results from the Winter 2026 drill campaign.Figure 2: Vertical section - Line A; looking northwest Photos 2A and 2C show a new pegmatitic zone (Zone 5), and photos 2B and 2D are examples of the main pegmatite (Zone 3) aspect in core.Figure 3: Vertical section - Line E; looking northwest Photo 3A from hole RW-26-45 represents the widest intersection of the current campaign. Photo 3B is an example of Zone 2. Photos 3C and 3D show the new Zone 5 and Zone 7 respectively.Figure 4: Vertical section - Line K; looking northeast Core photos 4A, 4B, 4D and 4E are all examples of the main Zone 3 pegmatite. Photo 4C presents a thinner intersection through Zone 2.The Winter 2026 drill campaign ended April 3rd, and assay results for about two-thirds of the samples sent to the laboratory are now available and presented in the current press release. The campaign has already proven to be successful by demonstrating the lateral continuity of the mineralization, and interpretation of the mineralized model has been completed to the extent of the available data. Figure 5 below shows a 3D view looking up-plunge along the shallow structural corridor defined by aplitic dykes. The sub-horizontal pegmatites dykes are believed to be in an extensional position and distributed in a "en echelon" pattern within a much wider regional structural framework.Figure 5: 3D view - looking southwest PodcastJoin Critical Elements CEO Jean-Sébastien Lavallée and Director of Exploration Ken Williamson on Wednesday May 6, 2026 at 11:00 am EST as they discuss recent assays results and the ongoing exploration program.Register here: https://6ix.com/event/rose-west-assay-results-and-discussionQuality assurance/quality controlQuality assurance and quality control procedures have been implemented to ensure best practices in sampling and analysis of the drill core samples. Standards, duplicate and blanks were regularly inserted into the sample stream. The drill core samples were delivered, in secure tagged bags to the ALS Minerals laboratory facility in Val-d'Or, Québec. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75 µm. All samples are analyzed using sodium peroxide fusion ME-MS-89L, with full analysis for 52 elements. Value over 25,000 ppm Li were re-assays using Li-ICP-82b and value over 2,500 ppm Ta2O5 were re-assays using Ta-XRF10.Qualified PersonKenneth Williamson, Géo, M.Sc. Director of Exploration at Critical Elements, is the Qualified Person that has reviewed and approved the technical contents of this news release on behalf of the Corporation.About Critical Elements Lithium CorporationCritical Elements aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage system industries. To this end, Critical Elements is advancing the wholly-owned, high-purity Rose Lithium-Tantalum project in Québec, the Corporation's first lithium project to be advanced within a land portfolio of over 1,016 km2. On August 29, 2023, the Corporation announced results of a new Feasibility Study on Rose for the production of spodumene concentrate. The after-tax internal rate of return for the Project is estimated at 65.7%, with an estimated after-tax net present value of US$2.2B at an 8% discount rate. In the Corporation's view, Québec is strategically well-positioned for US and EU markets and boasts good infrastructure including a low-cost, low-carbon power grid featuring 94% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government, received the Certificate of Authorization under the Environment Quality Act from the Québec Minister of the Environment, the Fight against Climate Change, Wildlife and Parks, and the project mining lease from the Québec Minister of Natural Resources and Forests under the Québec Mining Act.For further information, please contact:Jean-Sébastien Lavallée, P. Géo.
Chief Executive Officer
819-354-5146
jslavallee@cecorp.ca
www.cecorp.caNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is described in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Cautionary statement concerning forward-looking statementsThis news release contains "forward-looking information" within the meaning of Canadian Securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "scheduled", "anticipates", "expects" or "does not expect", "is expected", "scheduled", "targeted", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information contained herein include, without limitation, statements relating to the anticipated receipt of the final assay results from the 2026 drilling program on the Corporation's Rose West property, the results and completion of the 2026 exploration drilling program and its related objectives. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.Although Critical Elements has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking information include, but are not limited to: delays in obtaining final assay results from the laboratory facility, the final and complete results of the Corporation's 2026 exploration drilling program on the Corporation's Rose West property not delivering the anticipated results and the effects on the Corporation's stated objectives, as well as those risk factors set out in the Corporation's Management Discussion and Analysis for its most recent quarter ended February 28, 2026 and other disclosure documents available under the Corporation's SEDAR+ profile. Forward-looking information contained herein is made as of the date of this news release and Critical Elements disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.Forward-looking information contained herein is made as of the date of this news release. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.SOURCE: Critical Elements Lithium Corp.View the original press release on ACCESS NewswireOriginal: Critical Elements' 10,000-Metre Drill Program at Rose West Continues to Deliver Positive Results
CA Market News
1月前
Critical Elements Provides Assay Results on Its 10,000-Metre Drill Program at Rose WestApril 29, 2026 6:00 AM
ACCESS NewswireMONTRÉAL, QC / ACCESS Newswire / April 29, 2026 / Critical Elements Lithium Corporation (TSXV:CRE)(US OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to provide assay results and an update on its Phase 1 Winter 2026 drill program, at the 100% owned Rose West Discovery ("Rose West"), located in Eeyou Istchee, Québec.HighlightsThe Phase 1 Winter 2026 drill program has successfully expanded the Rose West mineralized footprint from 450 m x 370 m to 1250 m x 800 m, demonstrating thicknesses that typically range from 10 to 40 m, and excellent lateral continuity.Three new spodumene-bearing pegmatitic bodies have been identified within the target area in recent drilling. Bodies are stacked and generally flat lying.The geological model is proving to be highly effective and productive.An additional nineteen new holes have been completed with assays pending from six holes.Assay results were received for holes RW-26-31 to 33, and RW-26-46 to 50, and returned some significant lithium and tantalum composite assays, as highlighted:1.89% Li2O and 207 ppm Ta2O5 over 13.50 m, through Pegmatite 3, in hole RW-26-321.29% Li2O and 169 ppm Ta2O5 over 17.75 m (including 2.13% Li2O and 105 ppm Ta2O5 over 9.00 m), through Pegmatite 3 in hole RW-26-330.93% Li2O and 291 ppm Ta2O5 over 10.45 m (including 2.75% Li2O and 553 ppm Ta2O5 over 3.00 m), through Pegmatite 5 (new), in hole RW-26-462.18% Li2O and 68 ppm Ta2O5 over 12.60 m (including 3.11% Li2O and 48 ppm Ta2O5 over 7.40 m), through Pegmatite 3, in hole RW-26-461.72% Li2O and 117 ppm Ta2O5 over 10.30 m (including 2.61% Li2O and 117 ppm Ta2O5 over 6.35 m), through Pegmatite 5 (new), in hole RW-26-471.91% Li2O and 74 ppm Ta2O5 over 11.75 m, through Pegmatite 3, in hole RW-26-471.13% Li2O and 109 ppm Ta2O5 over 12.90 m, through Pegmatite 7 (new), in hole RW-26-50* Core length; the true thickness is between 80 to 95% of the core length.Rose West is situated within 10 km of the highly advanced Rose Lithium-Tantalum Project ("Rose"). Rose West is a near surface lithium-rich pegmatite bearing zone, initially intercepted by drilling over a 450 m x 370 m footprint area in the winter of 2024 (see Press Release dated February 3, 2026), now covering an overall footprint of 1,250 m x 800 m. The lithium-rich pegmatites typically range from 10 to 40 m in thickness and display a sub-horizontal geometry. Recent drilling has identified three (3) new spodumene-bearing pegmatitic bodies within the target area; a significant addition to the working model as it could potentially lead to rapid growth of the mineral inventory within the footprint of the project.To date, the Winter 2026 drill program has covered most of the Line A, Line E and Line K planned holes (Figure 1). As previously mentioned, holes were planned to reach three specific goals:Expand laterally all around the existing mineralized footprint (RW-26-29 to 34, RW-26-45 & 46);Test the area for continuity to the northeast (RW-26-47 to 50), to the southeast (RW-26-40 to 44);Verify the potential of discovering additional lithium-bearing pegmatites below the currently defined area.Figure 1 below presents the 2026 collars location with, as well as the revised footprint on surface of the interpreted spodumene-rich pegmatitic dykes. Nineteen (19) holes have been drilled to date for a total of 4,037.75 meters. Table 1 presents the collar locations along with final length and the azimuth / dip of the holes drilled during this campaign.Figure 1: Location map of the 2026 drillholes with respect to those from the winter 2024 campaign. DrillholeGridUTM NAD 83 ZN18LengthAzimuthDip PositionEastingNorthing(m)(°)(°)RW-26-29E-084112775763656207245-80RW-26-30E-06411195576359972245-70RW-26-31K-104111295764041126245-70RW-26-32K-114112115764098165245-70RW-26-33K-124112935764156287.7245-70RW-26-34K-134113755764213147245-70RW-26-38C-164119655763893218.9245-70RW-26-39A-084115065763328262.35245-70RW-26-40A-114116705763443195245-70RW-26-41A-134118345763558218.5245-70RW-26-42A-1541199857636739245-70RW-26-43A-174121625763788264245-70RW-26-44A-214124895764017301.9245-70RW-26-45E-144116865763943277.3245-80RW-26-46E-154117685764000222245-80RW-26-47E-174119325764115194.3245-70RW-26-48E-194120965764230207245-70RW-26-49E-214122605764345255245-70RW-26-50E-234124235764459407.8245-70Table 1 - 2026 Winter Drillholes location and summary descriptionTable 2 following presents the composite assay results received to date, and the intervals of anticipated mineralization along the other holes drilled during this current campaign. New and updated results presented in the current press release are highlighted in grey.Holes RW-26-31 to RW-26-33 were drilled along Line K, at the northern boundary of the target area; Assay results are still pending for hole RW-26-34, but high grade Li2O is now confirmed in holes 32 and 33. This group of holes by itself extends the northern boundary of the main Pegmatite 3 footprint area by some 500 x 100 meters yet showing an average thickness of 15 meters.Holes RW-26-45 to RW-26-50 were drilled along Line E, covering the eastern target area. Hole RW-26-46 and 47 are likely the best hole drilled to date at Rose West during the winter 2026 program; revealing the presence of the newly interpreted Pegmatite 5 across just over 10 m, Pegmatite 3 over 12 m and Pegmatite 2 over an average of 10 m. Hole RW-26-49 marks the eastern limit of both Pegmatites 2 and 3. Altogether, these holes extend the mineralized area by about 800 x 200 meters to the east.RW-26-50 was drilled deep and intersected the new Pegmatite 7 body at a depth of about 325 m. Hole 50 is currently the only hole defining Pegmatite 7, so far with Li2O grade of 1.13% over almost 13 meters, leaving this new zone open in all directions. An extension of hole RW-26-49 is planned to test the continuity of this new pegmatite towards the west, below the currently defined mineralized area.Covering an area of 500 m x 600 m, drilling to the south (RW-26-38 to RW-26-44) also intersected two significant pegmatites interpreted to be Pegmatite 5 (new) and Pegmatite 3; they show a thickness still in the range of 10-15 meters. Assay results for these holes are not yet available but are anticipated to reflect the concentration of spodumene observed in the core. * Core length; the true thickness is between 80 to 95% of the core length.
** Zone; n.a refers to "not assigned" to a given interpreted mineralized zone.
*** New and updated results are highlighted in grey.Table 2 - Spodumene-rich pegmatite intervals and assay results from the Winter 2026 drill campaign.Figure 2: Vertical section - Line A; looking northwest Photos 2A and 2C show a new pegmatitic zone (Zone 5), and photos 2B and 2D are examples of the main pegmatite (Zone 3) aspect in core.Figure 3: Vertical section - Line E; looking northwest Photo 3A from hole RW-26-45 represents the widest intersection of the current campaign. Photo 3B is an example of Zone 2. Photos 3C and 3D show the new Zone 5 and Zone 7 respectively.Figure 4: Vertical section - Line K; looking northeast Core photos 4A, 4B, 4D and 4E are all examples of the main Zone 3 pegmatite. Photo 4C presents a thinner intersection through Zone 2.The Winter 2026 drill campaign has ended April 3rd, and assay results for about two-thirds of the samples sent to the laboratory are now available and presented in the current press release. The campaign has already proven to be successful by demonstrating the lateral continuity of the mineralization, and interpretation of the mineralized model has been completed to the extent of the available data. Figure 5 below shows a 3D view looking up-plunge along the shallow structural corridor defined by aplitic dykes. The sub-horizontal pegmatites dykes are believed to be in an extensional position and distributed in a "en echelon" pattern within a much wider regional structural framework."While we knew from our current interpretation that the pegmatites were very continuous spatially, we are now also starting to observe very good continuity in grade. Results presented in today's press release are significant as they confirm the high-grade nature of the extensions of the pegmatites initially interpreted from the core zone data. Not only our working model has proven successful in predicting where mineralized volume could be added, rocks are collaborating by given us good continuity in lithium and tantalum grades over important thicknesses... makes me think we are on the right track", commented Kenneth Williamson, Director of Exploration of the Corporation.Figure 5: 3D view - looking southwest Quality assurance/quality controlQuality assurance and quality control procedures have been implemented to ensure best practices in sampling and analysis of the drill core samples. Standards, duplicate and blanks were regularly inserted into the sample stream. The drill core samples were delivered, in secure tagged bags to the ALS Minerals laboratory facility in Val-d'Or, Québec. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75 µm. All samples are analyzed using sodium peroxide fusion ME-MS-89L, with full analysis for 52 elements. Value over 25,000 ppm Li were re-assays using Li-ICP-82b and value over 2,500 ppm Ta2O5 were re-assays using Ta-XRF10.Qualified PersonKenneth Williamson, Géo, M.Sc. Director of Exploration at Critical Elements, is the Qualified Person that has reviewed and approved the technical contents of this news release on behalf of the Corporation.About Critical Elements Lithium CorporationCritical Elements aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage system industries. To this end, Critical Elements is advancing the wholly-owned, high-purity Rose Lithium-Tantalum project in Québec, the Corporation's first lithium project to be advanced within a land portfolio of over 1,016 km2. On August 29, 2023, the Corporation announced results of a new Feasibility Study on Rose for the production of spodumene concentrate. The after-tax internal rate of return for the Project is estimated at 65.7%, with an estimated after-tax net present value of US$2.2B at an 8% discount rate. In the Corporation's view, Québec is strategically well-positioned for US and EU markets and boasts good infrastructure including a low-cost, low-carbon power grid featuring 94% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government, received the Certificate of Authorization under the Environment Quality Act from the Québec Minister of the Environment, the Fight against Climate Change, Wildlife and Parks, and the project mining lease from the Québec Minister of Natural Resources and Forests under the Québec Mining Act.For further information, please contact:Jean-Sébastien Lavallée, P. Géo.
Chief Executive Officer
819-354-5146
jslavallee@cecorp.ca
www.cecorp.caNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is described in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Cautionary statement concerning forward-looking statementsThis news release contains "forward-looking information" within the meaning of Canadian Securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "scheduled", "anticipates", "expects" or "does not expect", "is expected", "scheduled", "targeted", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information contained herein include, without limitation, statements relating to the anticipated receipt of the final assay results from the 2026 drilling program on the Corporation's Rose West property, the results and completion of the 2026 exploration drilling program and its related objectives. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.Although Critical Elements has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking information include, but are not limited to: delays in obtaining final assay results from the laboratory facility, the final and complete results of the Corporation's 2026 exploration drilling program on the Corporation's Rose West property not delivering the anticipated results and the effects on the Corporation's stated objectives, as well as those risk factors set out in the Corporation's Management Discussion and Analysis for its most recent quarter ended February 28, 2026 and other disclosure documents available under the Corporation's SEDAR+ profile. Forward-looking information contained herein is made as of the date of this news release and Critical Elements disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.Forward-looking information contained herein is made as of the date of this news release. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.SOURCE: Critical Elements Lithium Corp.View the original press release on ACCESS NewswireOriginal: Critical Elements Provides Assay Results on Its 10,000-Metre Drill Program at Rose West
CA Market News
1月前
Critical Elements Mourns the Loss of Director Marc SimpsonApril 24, 2026 4:05 PM
ACCESS NewswireMONTRÉAL, QC / ACCESS Newswire / April 24, 2026 / Critical Elements Lithium Corporation (TSX-V:CRE)(US OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is very sad to announce the passing of our friend and colleague, director Marc Simpson, after a brief illness. Marc had been a director of Critical Elements since March 2013, always a calm and reliable voice in our boardroom. He graduated with a B.Sc. in Geology from the University of Manitoba in 1991 and commenced a career as a highly respected geologist and exploration company executive spanning 35 years. He was a member of both Engineers and Geoscientists British Columbia and Engineers and Geoscientists Manitoba.On behalf of the Board of Directors, management, and all employees, we extend our most sincere condolences to Marc's family and colleagues during this period. We also offer them our full support."We will remember a deeply respected colleague whose presence, wisdom, and human generosity touched all those who had the privilege of working with him. His passing leaves a profound void within our Corporation and brings great sorrow to us all", stated Jean-Sébastien Lavallée, Chief Executive Officer.About Critical Elements Lithium CorporationCritical Elements aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage system industries. To this end, Critical Elements is advancing the wholly-owned, high-purity Rose Lithium-Tantalum project in Québec, the Corporation's first lithium project to be advanced within a land portfolio of over 1,016 km2. On August 29, 2023, the Corporation announced results of a new Feasibility Study on Rose for the production of spodumene concentrate. The after-tax internal rate of return for the Project is estimated at 65.7%, with an estimated after-tax net present value of US$2.2B at an 8% discount rate. In the Corporation's view, Québec is strategically well-positioned for US and EU markets and boasts good infrastructure including a low-cost, low-carbon power grid featuring 94% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government, received the Certificate of Authorization under the Environment Quality Act from the Québec Minister of the Environment, the Fight against Climate Change, Wildlife and Parks, and the project mining lease from the Québec Minister of Natural Resources and Forests under the Québec Mining Act.For further information, please contact:Jean-Sébastien Lavallée, P. Géo.
Chief Executive Officer
819-354-5146
jslavallee@cecorp.ca
www.cecorp.caNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is described in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE: Critical Elements Lithium Corp.View the original press release on ACCESS NewswireOriginal: Critical Elements Mourns the Loss of Director Marc Simpson
CA Market News
1月前
Critical Elements Announces the Results from The Annual Meeting of ShareholdersApril 23, 2026 9:00 AM
ACCESS NewswireMONTREAL, QUEBEC / ACCESS Newswire / April 23, 2026 / Critical Elements Lithium Corporation (the "Corporation" or "Critical Elements") (TSX.V:CRE)(OTCQX:CRECF)(FSE:F12) is pleased to announce that at its Annual shareholders meeting (the "Meeting") held on April 22, 2026, shareholders of the Corporation approved all the resolutions, as follows:Election of Jean-Sébastien Lavallée, Steffen Haber, Eric Zaunscherb, Marc Simpson, Matthew Lauriston Starnes, Marcus Brune, Ani Markova, Maysa Habelrih and Vanessa Laplante as directors;Appointment of Ernst & Young LLP as auditors.The total number of common shares represented by shareholders in person and by proxy at the Meeting was 52,164,231, representing 22.48% of the Corporation's outstanding common shares.Detailed results of the vote on the election of directors of Meeting are given below: Votes for% forVotes against% againstJean-Sébastien Lavallée48,281,37598.88%548,9341.12%Steffen Haber48,363,19299.04%467,1170.96%Eric Zaunscherb48,352,90099.02%477,4090.98%Marc Simpson48,273,66398.86%556,6461.14%Matthew Lauriston Starnes48,324,43898.96%505,8711.04%Marcus Brune48,272,35798.86%557,9521.14%Ani Markova48,252,24698.82%578,0631.18%Maysa Habelrih48,253,94698.82%576,3631.18%Vanessa Laplante48,257,14398.83%573,1661.17%About Critical Elements Lithium CorporationCritical Elements aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage system industries. To this end, Critical Elements is advancing the wholly-owned, high-purity Rose Lithium-Tantalum project in Québec, the Corporation's first lithium project to be advanced within a land portfolio of over 1,016 km2. On August 29, 2023, the Corporation announced results of a new Feasibility Study on Rose for the production of spodumene concentrate. The after-tax internal rate of return for the Project is estimated at 65.7%, with an estimated after-tax net present value of US$2.2B at an 8% discount rate. In the Corporation's view, Québec is strategically well-positioned for US and EU markets and boasts good infrastructure including a low-cost, low-carbon power grid featuring 94% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government, received the Certificate of Authorization under the Environment Quality Act from the Québec Minister of the Environment, the Fight against Climate Change, Wildlife and Parks, and the project mining lease from the Québec Minister of Natural Resources and Forests under the Québec Mining Act.For further information, please contact:Jean-Sébastien Lavallée, P. Géo.
Chief Executive Officer
819-354-5146
jslavallee@cecorp.ca
www.cecorp.caNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is described in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE: Critical Elements Lithium Corp.View the original press release on ACCESS NewswireOriginal: Critical Elements Announces the Results from The Annual Meeting of Shareholders
CA Market News
2月前
Critical Elements Provides Preliminary Update on its 10,000-meter Drill Program at Rose WestApril 1, 2026 6:30 AM
ACCESS NewswireMONTRÉAL, QC / ACCESS Newswire / April 1, 2026 / Critical Elements Lithium Corporation (TSX-V:CRE)(OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to provide an update on its Phase 1 Winter 2026 drill program, at the 100% owned Rose West Discovery ("Rose West"), located in Eeyou Istchee, Québec. Rose West is situated within 10 km of the highly advanced Rose Lithium-Tantalum Project ("Rose"). Rose West was previously documented as a near surface, sub-horizontal 10-40 m thick lithium-rich pegmatite bearing zone intercepted by drilling over a 450 m x 370 m footprint area in the winter of 2024 (see Press Release dated February 3, 2026). Recent drilling confirms the presence of spodumene rich intervals all around the initial core zone, and especially towards the East Target area, extending the main pegmatite body by about 800 meters towards the east and by about 400 meters to the south, thus bringing its overall footprint to 1250 m x 800 m. Furthermore, the recent drilling has identified three (3) new spodumene-bearing pegmatitic bodies within the target area; a significant addition to the working model as it could potentially lead to rapid growth of the mineral inventory within the footprint of the project.Assay results were received for holes RW-26-29, RW-26-30 and RW-26-45, and returned lithium and tantalum assays, as highlighted:1.51% Li2O and 242 ppm Ta2O5 over 3.60 m, and 0.77% Li2O and 170 ppm Ta2O5 over 15.05 m (including 1.39% Li2O and 111 ppm Ta2O5 over8.00 m)in hole RW-26-291.17% Li2O and 704 ppm Ta2O5 over 2.95 m, in hole RW-26-301.24% Li2O and 108 ppm Ta2O5 over 27.80 m (including 1.43% Li2O and 122 ppm Ta2O5 over22.00 m), and 0.93% Li2O and 185 ppm Ta2O5 over 12.65 m in hole RW-26-45* Core length; the true thickness is between 80 to 95% of the core length.To date, the Winter 2026 drill program has covered most of the Line A, Line E and Line K planned holes (Figure 1). As previously mentioned, holes were planned to reach three specific goals:Expand laterally all around the existing mineralized footprint (RW-26-29 to 34, RW-26-45 & 46);Test the area for continuity to the northeast (RW-26-47 to 50), to the southeast (RW-26-40 to 44);Verify the potential of discovering additional lithium-bearing pegmatites below the currently defined area.Figure 1 below presents the 2026 collars location with, as well as the revised footprint on surface of the interpreted spodumene-rich pegmatitic dykes. Eighteen (18) holes have been drilled to date for a total of 3,755 meters. Table 1 presents the collar locations along with final length and the azimuth / dip of the holes drilled to date.Figure 1: Location map of the 2026 drillholes with respect to those from the winter 2024 campaign DrillholeGridUTM NAD 83 ZN18LengthAzimuthDip PositionEastingNorthing(m)(°)(°)RW-26-29E-084112775763656207245-80RW-26-30E-06411195576359972245-70RW-26-31K-104111295764041126245-70RW-26-32K-114112115764098165245-70RW-26-33K-124112935764156287.7245-70RW-26-34K-134113755764213147245-70RW-26-39A-084115065763328262.35245-70RW-26-40A-114116705763443195245-70RW-26-41A-134118345763558218.5245-70RW-26-42A-1541199857636739245-70RW-26-43A-174121625763788200245-70RW-26-44A-214124895764017301.9245-70RW-26-45E-144116865763943277.3245-80RW-26-46E-154117685764000222245-80RW-26-47E-174119325764115194.3245-70RW-26-48E-194120965764230207245-70RW-26-49E-214122605764345255245-70RW-26-50E-234124235764459407.8245-70Table 1 - 2026 Winter Drillholes location and summary descriptionTable 2 following presents the composite assay results received to date, and the intervals of anticipated mineralization along the other holes that were fully logged at the time of this news release. The main pegmatite (Zone 3) shows downhole intersection lengths ranging from about 2.0 m in hole RW-26-49 at its northeastern limit to over 25.0 m in hole RW-26-45, confirming the continuity of the core zone defined previously. Nine other holes have intersected Zone 3 with a thickness averaging 13.0 meters. Zone 2 has been intersected in 6 holes with thicknesses ranging from 5.0 to 15.0 meters. Holes RW-26-29 and 30 have intersected the thin Zone 4 very close to the top.Zones 5, 6 and 7 are newly interpreted from the recent results, and they show a thickness comparable to the main Zone 3 and, along with the other zones, are believed to be stacked following an "en echelon" pattern within a structural corridor defined by the presence of shallow dipping aplitic dykes (see Figures 2 to 4).DrillholeFromToLengthLi2OTa2O5Zone (m)(m)(m)(%)(ppm) RW-26-2912.6016.203.601.512424And176.95192.0015.050.771706 (new)including180.00188.008.001.391116 (new)RW-26-303.456.402.951.177044RW-26-3154.0060.506.50 396.00101.855.85 2RW-26-3239.0052.5013.50 3105.10110.855.75 n.a116.90118.251.35 n.aRW-26-3360.3578.1017.75 3122.05123.601.55 2RW-26-3437.0051.5014.50 3RW-26-3968.6571.352.70 5 (new)112.00126.5014.50 3132.15137.505.35 3RW-26-4026.2027.901.70 n.a55.9067.1011.20 5 (new)104.40120.0015.60 3150.40155.304.90 n.aRW-26-4168.5587.0518.50 5 (new)112.00122.0010.00 3189.70192.803.10 n.aRW-26-42-9.00 Abandoned RW-26-43-114.00 On Going RW-26-44-301.90To be Extended RW-26-45113.20141.0027.801.241083including119.00141.0022.001.431223And163.25175.9012.650.931852RW-26-4670.6081.0510.45 5 (new)125.60138.2012.60 3168.20182.8014.60 2RW-26-4769.3079.6010.30 5 (new)140.15151.9011.75 3165.25175.6010.35 n.a188.05193.255.20 2RW-26-48130.50138.608.10 3168.65178.059.40 2RW-26-49158.55160.652.10 3RW-26-50328.20341.1012.90 7 (new)Table 2 - Spodumene-bearing pegmatite intervals and assay results from the Winter 2026 drill campaign.* Core length; the true thickness is between 80 to 95% of the core length.** Zone; n.a. refers to "not assigned" to a given interpreted mineralized zone.Figure 2: Vertical section - looking northwest Photos 2A and 2C show a new pegmatitic zone (Zone 5), and photos 2B and 2D are examples of the main pegmatite (Zone 3) aspect in core.Figure 3: Vertical section - looking northwest Photo 3A from hole RW-26-45 represents the widest intersection of the current campaign. Photo 3B is an example of Zone 2. Photos 3C and 3D show the new Zone 5 and Zone 7 respectively.Figure 4: Vertical section - looking northeast Core photos 4A, 4B, 4D and 4E are all examples of the main Zone 3 pegmatite. Photo 4C presents a thinner intersection through Zone 2.The Winter 2026 drill campaign will soon be ending, and assay results are expected to become available regularly from now on. The campaign has already proven to be successful by demonstrating the lateral continuity of the mineralization, and interpretation of the mineralized model has been completed to the extent of the available data. Figure 5 below shows a 3D view looking up-plunge along the shallow structural corridor defined by aplitic dykes. The sub-horizontal pegmatites dykes are believed to be in an extensional position, consistent with the moderate to steep structural fabric observed in the core which counterpart illustrates the principal flattening component of the stress regime. The shallow aplitic dykes (Aplite 1 and Aplite 2) are then interpreted as reverse shear planes developed in response to this regional NE-SW regional shortening."It seems that the behaviour of the pegmatites, the way and where they developed, is intimately tied to the stress regime in place; deep drilling has revealed the presence of two pegmatite bodies (Zones 6 and 7) positioned in the footwall of the Aplite 2 structure. This could suggest a repetition of a similar system below the current mineralized footprint. As the corridor defined by the aplites dips eastward, this opens a near surface potential to the west of the current zones. A mirror image could then be true towards the unexplored eastern area as well. This drilling campaign has confirmed that our predictive model, an important tool, is effective with positive implications for the planning of our upcoming Summer 2026 drill campaign", commented Kenneth Williamson, Director of Exploration of the Corporation.Figure 5: 3D view - looking southwest "Given good lateral continuity of the zone, this drilling program significantly increases the footprint of the Rose West Discovery. Should grades remain consistent with those reported in 2024, Rose West will become an element of major impact in the perspective of the whole Rose Project", commented Jean-Sébastien Lavallée, CEO of the Corporation.Quality assurance/quality controlQuality assurance and quality control procedures have been implemented to ensure best practices in sampling and analysis of the drill core samples. Standards, duplicate and blanks were regularly inserted into the sample stream. The drill core samples were delivered, in secure tagged bags to the ALS Minerals laboratory facility in Val-d'Or, Québec. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75 µm. All samples are analyzed using sodium peroxide fusion ME-MS-89L, with full analysis for 52 elements. Value over 25,000 ppm Li were re-assays using Li-ICP-82b and value over 2,500 ppm Ta2O5 were re-assays using Ta-XRF10.Qualified PersonKenneth Williamson, Géo, M.Sc. Exploration Director at Critical Elements, is the Qualified Person that has reviewed and approved the technical contents of this news release on behalf of the Corporation.About Critical Elements Lithium CorporationCritical Elements aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage system industries. To this end, Critical Elements is advancing the wholly-owned, high-purity Rose Lithium-Tantalum project in Québec, the Corporation's first lithium project to be advanced within a land portfolio of over 1,016 km2. On August 29, 2023, the Corporation announced results of a new Feasibility Study on Rose for the production of spodumene concentrate. The after-tax internal rate of return for the Project is estimated at 65.7%, with an estimated after-tax net present value of US$2.2B at an 8% discount rate. In the Corporation's view, Québec is strategically well-positioned for US and EU markets and boasts good infrastructure including a low-cost, low-carbon power grid featuring 94% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government, received the Certificate of Authorization under the Environment Quality Act from the Québec Minister of the Environment, the Fight against Climate Change, Wildlife and Parks, and the project mining lease from the Québec Minister of Natural Resources and Forests under the Québec Mining Act.For further information, please contact:Jean-Sébastien Lavallée, P. Géo.
Chief Executive Officer
819-354-5146
jslavallee@cecorp.ca
www.cecorp.caNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is described in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Cautionary statement concerning forward-looking statementsThis news release contains "forward-looking information" within the meaning of Canadian Securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "scheduled", "anticipates", "expects" or "does not expect", "is expected", "scheduled", "targeted", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information contained herein include, without limitation, statements relating to the anticipated receipt of the final assay results from the 2026 drilling program on the Corporation's Rose West property, the results and completion of the 2026 exploration drilling program and its related objectives. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.Although Critical Elements has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking information include, but are not limited to: delays in obtaining final assay results from the laboratory facility, the final and complete results of the Corporation's 2026 exploration drilling program on the Corporation's Rose West property not delivering the anticipated results and the effects on the Corporation's stated objectives, as well as those risk factors set out in the Corporation's Management Discussion and Analysis for its most recent quarter ended February 28, 2026 and other disclosure documents available under the Corporation's SEDAR+ profile. Forward-looking information contained herein is made as of the date of this news release and Critical Elements disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.Forward-looking information contained herein is made as of the date of this news release. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.SOURCE: Critical Elements Lithium Corp.View the original press release on ACCESS NewswireOriginal: Critical Elements Provides Preliminary Update on its 10,000-meter Drill Program at Rose West
CA Market News
3月前
Power Metallic - OTC Markets RequestMarch 6, 2026 5:19 PM
PR Newswire (Canada)
TORONTO, March 6, 2026 /CNW/ - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSX-V: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) Power Metallic has engaged, in the past 12 months, Native Ads, Inc., Apaton Finance GmbH and Sideways Frequency LLC to provide investor relations, public relations, marketing and other related services, including the marketing of the Company or its securities. All of such relationships have been disclosed in the Company's news releases (see November 4, 2025 news release) and filed with the TSX Venture Exchange. Each of Native Ads, Inc., Apaton Finance GmbH and Sideways Frequency LLC are arm's-length, third party marketing firms contractually retained by the Company in accordance with routine industry practice to provide investor relations services, as previously announced by the Company. Sideways Frequency LLC was paid an additional USD100,000 under the terms of its contract with the Company, in addition to the amount noted in the November 4, 2025 news release.
As part of the Company's efforts towards investor awareness, the above-named third party providers organize and facilitate the creation and distribution of marketing material under their engagements with the Company. The third party providers utilize the Company's public disclosure to create content and the Company overall retains control over the content of the marketing material.As set out in the Company's November 4, 2025 news release, digital media advertising, social media commentary, articles and email campaigns about the Company were part of the services the Company had arranged. The marketing material was available through YouTube, Instagram and other online platforms ("Marketing Activity"). All content was based on publicly available disclosures, including the Company's press releases, corporate presentation and financial statements. The statements made in the marketing material were not materially false or misleading. The Company will continue such Marketing Activity throughout the term of the existing engagements to continue efforts to drive investor awareness towards the Company.The OTC Markets Group Inc. ("OTC Markets") has requested the Company to issue this statement regarding the recent promotional/Marketing Activity concerning the Company and its common shares traded on the OTCQX marketplace.In addition, after inquiring with its management, directors, officers, control persons and third party service providers (other than Native Ads, Inc., Apaton Finance GmbH and Sideways Frequency LLC ), the Company confirms that none of such parties have directly or indirectly been involved in any way with the creation, distribution or payment of marketing materials related to the Company and its securities, except as described in this press release; or sold or purchased the Company's securities in the past 90 days, except in connection with the exercise of outstanding stock options or warrants of the Company (for which directors and officers have disclosed such purchases and/or sales on SEDI).Other than as previously disclosed in the Company's public continuous disclosure filings, the Company has not issued any shares or convertible instruments allowing conversion to equity securities at prices constituting a discount to the current market rate at the time of the issuance.About Power Metallic Mines Inc.Power Metallic is a Canadian exploration company focused on advancing the Nisk Project Area (Nisk–Lion–Tiger)—a high–grade Copper–PGE, Nickel, gold and silver system—toward Canada's next polymetallic mine.On 1 February 2021, Power Metallic (then Chilean Metals) secured an option to earn up to 80% of the Nisk project from Critical Elements Lithium Corp. (TSX–V: CRE). Following the June 2025 purchase of 313 adjoining claims (~167 km²) from Li–FT Power and the staking of land in the Lion Zone area (100 km²) the Company now controls 313 km² and roughly 50 km of prospective basin margins.Power Metallic is expanding mineralization at the Nisk and Lion discovery zones, evaluating the Tiger target, and exploring the enlarged land package through successive drill programs.Beyond the Nisk Project Area, Power Metallic indirectly has an interest in significant land packages in British Columbia and Chile, by its 50% share ownership position in Chilean Metals Inc., which wase spun out from Power Metallic via a plan of arrangement on February 3, 2025.It also owns 100% of Power Metallic Arabia which owns 100% interest in the Jabul Baudan exploration license in The Kingdon of Saudi Arabia's JabalSaid Belt. The property encompasses over 200 square kilometres in an area recognized for its high prospectivity for copper gold and zinc mineralization. The region is known for its massive volcanic sulfide (VMS) deposits, including the world-class Jabal Sayid mine and the promising Umm and Damad deposit.For further information, readers are encouraged to contact:
Power Metallic Mines Inc.
The Canadian Venture Building
82 Richmond St East, Suite 202
Toronto, ONNeither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.Cautionary Note Regarding Forward-Looking StatementsThis message contains certain statements that may be deemed "forward-looking statements" concerning the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," "indicates," "opportunity," "possible" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, among others: the impact of Marketing Activity; the timing for various drilling plans and the receipt of results from drilling conducted; the ability to raise sufficient capital to fund its obligations under its property agreements going forward and conduct drilling and exploration; to maintain its mineral tenures and concessions in good standing; to explore and develop its projects; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations; future prices of nickel and other metals; changes in general economic conditions; accuracy of mineral resource and reserve estimates; the potential for new discoveries; the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if accepted, to obtain such licenses and approvals in a timely fashion relative to the Company's plans and business objectives for the applicable project; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry.
View original content to download multimedia:https://www.prnewswire.com/news-releases/power-metallic--otc-markets-request-302707251.htmlSOURCE Power Metallic Mines Inc.
Original: Power Metallic - OTC Markets Request
CA Market News
3月前
BTV Showcases Contango Ore, Critical Elements Lithium, Dryden Gold, FireFox Gold, Kirkland Lake, Klondike Gold, and Selkirk CopperFebruary 25, 2026 12:00 PM
NewsfileWatch on BNN Bloomberg national
Wednesday, Feb 25 at 7:30 PM EST & Saturday, Feb 28 at 8 PM EST Tune into BTV and Discover Investment Opportunities. Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - This week, BTV - Business Television we feature growth-focused mining companies advancing major projects across North America and Europe. From emerging producers and strategic combinations to high-grade exploration and critical mineral development, this episode highlights the next wave of opportunity in the resource sector, including:Contango Ore (NYSE American: CTGO): is merging with Dolly Varden Silver (TSXV: DV) (NYSE American: DVS) to form Contango Silver & Gold, a new mid-tier producer targeting 200,000 ounces of gold and up to 6 million ounces of silver annually. Backed by more than 3 million ounces of gold, 100 million ounces of silver, and over US$100 million in cash, the company is positioned to advance a multi-district growth strategy across Alaska and British Columbia.Critical Elements Lithium Corporation (TSXV: CRE) (OTCQX: CRECF): Backed by conditional government funding and conditional institutional debt support, Critical Elements is advancing one of North America's most advanced construction-ready lithium assets. As EV-driven lithium demand continues to surge globally, the company is positioned to move toward production once project financing is completed, with key permits secured and engineering well advanced.Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF): BTV explores Dryden's push to unlock a high-grade gold district in northwest Ontario, where drilling has expanded known structures from three to over twelve. With road access and a fully funded 32,000-metre program underway, momentum is building across its 700 km² land package.FireFox Gold (TSXV: FFOX) (OTCQB: FFOXF): is chasing multiple high-grade discoveries in Finland's Central Lapland Greenstone Belt, where strong results and experienced explorers are working to unlock Europe's next major gold district.Kirkland Lake Discoveries (TSXV: KLDC) (OTCID: KLKLF) is testing fresh targets in the storied Abitibi camp with a 25,000-metre drill program and a historic 442,000-ounce asset open at depth. Regular assays are expected to guide the next phase of growth.Klondike Gold Corp. (TSXV: KG) (OTCQB: KDKGF): Uncovering the bedrock source of the legendary Klondike Gold Fields, the company is revealing kilometre-scale mineralization and new high-grade veins through ongoing drilling. With exploration advancing across its 727 km² district, an expanded resource update is targeted for 2027.Selkirk Copper Mines Inc. (TSXV: SCMI) (OTCQB: SKRKF): A copper comeback story in the making, advancing toward a Yukon restart with infrastructure in place, an updated 2025 resource, and a 50,000-metre drill program fueling momentum. A preliminary economic assessment is targeted this year, with production envisioned by mid-2028.About BTV - Business Television / BTV The Agency:For 28 years, BTV - Business Television has been on the air as the go-to half-hour investment show for savvy investors, delivering exclusive on-location interviews and actionable insights with emerging companies, industry leaders, and market experts. Hosted by Taylor Thoen and Jessica Katrichak, BTV provides investors with direct access to executive teams and compelling investment opportunities not found anywhere else.Discover Investment Opportunities.BTV The Agency is a capital markets-focused B2B TV production and digital marketing agency serving publicly traded and financial companies. Through strategic content creation and extensive distribution across top-tier networks including Bloomberg, CNBC, FOX Business News, and leading financial platforms, the agency helps companies reach investors, advisors, and institutions-building brand credibility and driving national retail and institutional investor awareness.BTV SHOW BROADCAST NETWORKS and TIMES: CANADA:
Airing on BNN Bloomberg!Wednesday, Feb 25 @ 7:30pm ETSaturday, Feb 28 @ 8:00pm ET US National TV:
Biz Television Network - Sun, March 1 @ 1:00pm ETMon, March 2 @ 8:30am ETTues, March 3 @ 8:30pm & 11:30PM ESTTake action now: Suggest a standout company to feature on BTV and put your pick in front of thousands of investors eager for the next big opportunity! Contact us directly at (604) 664-7401 or info@b-tv.com. Don't miss a beat-stay informed and ahead of the market by subscribing to BTV news today.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285243
Original: BTV Showcases Contango Ore, Critical Elements Lithium, Dryden Gold, FireFox Gold, Kirkland Lake, Klondike Gold, and Selkirk Copper
CA Market News
4月前
Critical Elements Announces the Beginning of a 10,000-Meter Drill Program at Rose WestFebruary 3, 2026 6:30 AM
ACCESS NewswireMONTRÉAL, QC / ACCESS Newswire / February 3, 2026 / Critical Elements Lithium Corporation (TSXV:CRE)(US OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to announce the details of its Phase 1 Winter 2026 drill program, including 10,000 meters of systematic drilling around the 100% owned Rose West Discovery ("Rose West"), located in Eeyou Istchee, Québec. Rose West is a near surface, sub-horizontal 10-40 m thick lithium-rich pegmatite intercepted by drilling over a 450 m x 370 m footprint area in the winter of 2024 (see Press Release dated April 15, 2024 and April 22, 2024). This drilling program is designed with the objective to eventually produce a resource estimate for Rose West, should the west zone prove to be continuous. Rose West is situated within 10 km of the highly advanced Rose Lithium-Tantalum Project ("Rose" or the "Project").Several of the 2024 drillhole results returned wide high grade lithium assays, as highlighted:1.39% Li2O and 157 ppm Ta2O5 over 35.30 m, including 2.33% Li2O and 152 ppm Ta2O5 over 9.00 m in hole RD-24-25A*1.29% Li2O and 121 ppm Ta2O5 over 31.50 m, including 1.69% Li2O and 127 ppm Ta2O5 over 13.50 m in hole RD-24-24*1.22% Li2O and 250 ppm Ta2O5 over 20.50 m, including 1.60% Li2O and 181 ppm Ta2O5 over 15.00 m in hole RD-24-17*1.31% Li2O and 235 ppm Ta2O5 over 40.40 m, including 1.64% Li2O and 219 ppm Ta2O5 over 22.50 m in hole RD-24-20*2.22% Li2O and 95 ppm Ta2O5 over 20.30 m, including 2.78% Li2O and 92 ppm Ta2O5 over 10.50 m in hole RD-24-23A*1.30% Li2O and 142 ppm Ta2O5 over 31.60 m, including 1.59% Li2O and 130 ppm Ta2O5 over 25.50 m in hole RD-24-22*1.43% Li2O and 178 ppm Ta2O5 over 24.95 m, including 1.91% Li2O and 145 ppm Ta2O5 over 13.50 m in hole RD-24-16A** Core length; the true thickness is between 80 to 95% of the core length.Rose West is situated within the Rose and Rose South property blocks (Figure 1). The 2024 winter drill campaign successfully completed 3,670 meters of drilling in 31 holes on the spodumene-bearing pegmatite. Drilling results to date have demonstrated the continuity of a mineralized pegmatite body, which thus far extends over 450 m strike, 370 m down dip and to a vertical depth of 140 m (Figure 2). In the west, the body is comprised of multiple near surface mineralized pegmatites that range up to an apparent thickness of 12.40 m individually. These bodies appear to coalesce into a more substantial spodumene-bearing pegmatite in the east with an apparent width of up to 40.40 m. The main pegmatite body appears to be sitting in between two shallow dipping aplite dykes. This volume is the primary target of the current drilling program.Figure 1: Location map of the Rose West Discovery. Note proximity to the well-maintained Eastmain-1 Road from the community of Nemaska and multiple Hydro-Québec transmission lines crossing the Project area. The Winter 2026 drill program is designed to reach three specific goals:Expand laterally all around the existing mineralized footprint;Test the northeastern area for continuity; andVerify the potential of discovering additional lithium-bearing pegmatites below the currently defined area (Figure 2).Two drill rigs are being deployed to optimize the duration of the program. The drilling strategy is straightforward: apply a 100 m grid approach to grow the known mineralized volume from its current boundary outward. The program targets expansion of the Main Zone to a potential footprint of approximately 950 m x 1200 m, and the addition of an East Target Zone of approximately 750 m x 600 m.Figure 2: Location map of drillholes from the winter 2024 campaign and proposed 2026 drillholes. Drilling depth will depend on the location of the hole but is expected to average 175 m. End-of-hole depth will be established 10 m below the bottom contact of the projected target volume, but nine specific drillholes will be extended to a depth of about 300 m to verify the presence of any deeper potential.Recent geological interpretation has identified a northwest-trending, moderately dipping (45-60° northeast) structural corridor, which appears to be cutting through the host tonalitic country rocks (Figure 2). While the timing of such deformation likely pre-dates the pegmatitic event, observations suggest that the geometry of the main pegmatites is locally influenced by the structural fabric, acting as weakness planes, developed within the deformation corridor. As a result, the main pegmatite body appears to "drop deeper" by apparent offset of roughly 100 m on the east side of the deformation corridor.Figures 3 and 4 present vertical sections, along the grid lines, looking northwest through the core of the defined mineralized zone and highlighting the high-grade nature of the targeted pegmatite body. Figure 5 presents a vertical section along the grid sections, looking northeast. All three figures provide views on the 2024 results, as well as some of the drill holes planned in the current drilling program."Given good lateral continuity of the zone, this drilling program has the potential to significantly increase the footprint of the Rose West Discovery. Should mineralized intercepts continue to measure between 10 to 40 m and grades remain consistent with those reported in 2024, Rose West could have a material impact on the total Rose Project resource and, consequently, a potential economic impact for Critical Element's shareholders", commented Jean-Sébastien Lavallée, Chief Executive Officer.Figure 3: Vertical section - looking northwest Figure 4: Vertical section - looking northwest Figure 5: Vertical section - looking northeast Qualified PersonKenneth Williamson, Géo, M.Sc. Exploration Director at Critical Elements Lithium, is the Qualified Person that has reviewed and approved the technical contents of this news release on behalf of the Corporation.About Critical Elements Lithium CorporationCritical Elements aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage system industries. To this end, Critical Elements is advancing the wholly-owned, high-purity Rose Lithium-Tantalum project in Québec, the Corporation's first lithium project to be advanced within a land portfolio of over 1,016 km2. On August 29, 2023, the Corporation announced results of a new Feasibility Study on Rose for the production of spodumene concentrate. The after-tax internal rate of return for the Project is estimated at 65.7%, with an estimated after-tax net present value of US$2.2B at an 8% discount rate. In the Corporation's view, Québec is strategically well-positioned for US and EU markets and boasts good infrastructure including a low-cost, low-carbon power grid featuring 94% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government, received the Certificate of Authorization under the Environment Quality Act from the Québec Minister of the Environment, the Fight against Climate Change, Wildlife and Parks, and the project mining lease from the Québec Minister of Natural Resources and Forests under the Québec Mining Act.For further information, please contact:Jean-Sébastien Lavallée, P. Géo.
Chief Executive Officer
819-354-5146
jslavallee@cecorp.ca
www.cecorp.caNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is described in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Cautionary statement concerning forward-looking statementsThis news release contains "forward-looking information" within the meaning of Canadian Securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "scheduled", "anticipates", "expects" or "does not expect", "is expected", "scheduled", "targeted", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information contained herein include, without limitation, statements relating to the anticipated receipt of the final assay results from the 2026 drilling program on the Corporation's Rose West property, the results and completion of the 2026 exploration drilling program and its related objectives. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.Although Critical Elements has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking information include, but are not limited to: delays in obtaining final assay results from the laboratory facility, the final and complete results of the Corporation's 2026 exploration drilling program on the Corporation's Rose West property not delivering the anticipated results and the effects on the Corporation's stated objectives, as well as those risk factors set out in the Corporation's Management Discussion and Analysis for its most recent quarter ended November 30, 2025 and other disclosure documents available under the Corporation's SEDAR+ profile. Forward-looking information contained herein is made as of the date of this news release and Critical Elements disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.Forward-looking information contained herein is made as of the date of this news release. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Corporation undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.SOURCE: Critical Elements Lithium Corp.View the original press release on ACCESS NewswireOriginal: Critical Elements Announces the Beginning of a 10,000-Meter Drill Program at Rose West
futrcash
3年前
Some decent intercepts
I expect they'll need to tighten the grid further though...requiring a lot more drilling expenditure and more time
From the discussion you linked
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"This phase of drilling has been valuable in providing more geotechnical data that will be incorporated into the final mine plan. The tightened drill resolution has provided greater confidence in the resource block model on the eastern portion of the Rose deposit. Additional drilling is planned later this year to test the northern extension of the deposit, as well as potential satellite spodumene-bearing pegmatites within 10 km.
A 5,554-meter, 31-hole winter drill program was conducted on the Lemare zone and data is being compiled. Critical Elements intends to pursue further work on Lemare over the summer with surface mapping and a sampling program follow by drilling. Lemare is well-situated within 3 km of road access and is an excellent candidate for initial technical studies.
Quality assurance/quality control
Quality assurance and quality control procedures were implemented to ensure best practices in sampling and analysis of the core samples. The drill core was logged and then split, with one-half sent for assay and the other retained in the core box as a witness sample. Duplicates, standards, and blanks were regularly inserted into the sample stream. The core samples were delivered, in secure tagged bags, directly to the ALS Minerals laboratory facility in Val-d’Or, Quebec. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75 µm. All samples are analyzed using sodium peroxide fusion ME-MS-89L, with full analysis for 52 elements. Value over 25,000 ppm Li were re-assays using Li-ICP-82b and value over 2,500 ppm Ta2O5 were re-assays using Ta-XRF10.
Rose Lithium-Tantalum Project update:
The Corporation is pleased to report that the front-end engineering design (“FEED”) and value engineering studies for the process plant and associated infrastructure were completed during the first quarter of 2023. Bumigeme Inc. performed a gap analysis of the process plant, focusing on design review, optimization, and risk mitigation for any potential issues with the process flowsheet developed during the feasibility study. During the same period, WSP completed the FEED study for the infrastructure, surface water management, mine water treatment plant, installation of the final effluent, main electrical station, 25 kV distribution, utilities, service buildings and mining support facilities. Bumigeme Inc. and WSP completed these mandates on schedule and within budget.
On completion of the gap analysis, Bumigeme Inc., BBA, WSP and other specialists in planning and industrial processes commenced a new study with the aim of improving and freezing the 3D model layout for all equipment and defining data sheets to fulfill long lead time equipment orders. WSP-Golder was mandated to complete the detailed engineering design of the co-disposal facility for the filtered mill tailings and waste rock from the open pit. Over 40% of WSP-Golder’s mandate has been completed with completion expected by the end of Q2 2023. Engineering work includes hazard classification, laboratory testing of tailings, staging and placement, water management design, hydrogeological modeling, seepage collection, stability assessment and an instrumented monitoring plan.
Furthermore, the Corporation announces the awarding of the detailed engineering mandate for the process plant and the main electrical station to the BBA team. It is important to note that BBA is very familiar with the Rose lithium and tantalum concentrator project. They carried out several audit and optimization mandates on our project originally developed by Bumigeme Inc. and WSP. Thus, BBA will be able to ensure a smooth transition to the execution of the detailed engineering phases. In addition, BBA has extensive multidisciplinary experience on previous mining projects, including several projects in northern Quebec. BBA will be an important player in the success of our project.
The Corporation is also proud to announce that all detailed engineering mandates have now been granted to our partners WSP, BBA and InnovExplo. Critical Elements has all the necessary funds to complete the detailed engineering phase. Overall engineering is progressing well, and we are over 35% complete. Key engineering deliverables will be completed during the summer period to allow, if project financing and building permits are in place, to begin deforestation and initial preparation work by the end of the year.
Project Financing update:
As noted earlier this year (see press release dated February 1st, 2023) Critical Elements commenced a formal process to receive and analyze multiple expressions of interest in participating in the financing and development of the Rose Project. This process has advanced such that multiple parties have provided comprehensive, non-binding expressions of interest to participate that compare favourably to the initial capital estimate outlined in the Project’s 2022 Feasibility Study (see press release dated June 13, 2022). Critical Elements will continue to progress discussions with the leading parties, subject to negotiating acceptable financing terms and conditions, as well as satisfactory due diligence and entering into the required definitive documentation. Updates on this matter will be provided as appropriate.
The Corporation’s long-term strategy of avoiding Memorandum of Understandings for offtake arrangements leaves the Rose Project’s planned production unencumbered in a tight market for spodumene concentrate, both for chemical conversion for the burgeoning EV battery market and for the higher margin glass and ceramics industry. Despite the recent correction in spot lithium markets, underlying market demand remains robust in the face of supply-side sovereign, financial, and execution risks over the next several years. Conventional lithium concentrate projects in a top tier mining jurisdiction with major environmental permits and an existing Impact and Benefits Agreement remain exceedingly rare.
Québec is recognized as a top mining jurisdiction with access to excellent infrastructure, as well as strong financial and human capital. This makes the Rose Project’s metallurgically attractive spodumene concentrate highly desirable. Management is actively engaged in identifying the optimal strategic partner or partners to maximize benefits for all the Corporation’s stakeholders, but at this time, there can be no guarantees as to the timing and outcome of this process.
Federal Budget:
Critical Elements expresses its satisfaction that the Government of Canada has acknowledged the significance of clean technology manufacturing by introducing a 30% investment tax credit (ITC) in its 2023 Budget, which can be refunded. The Corporation believes that a significant portion of the equipment included in the 2022 Feasibility Study capital expenditures will be qualified for the newly introduced federal tax credit.
Qualified persons
Yves Perron, Eng. MBA, Vice-President Engineering, Construction and Reliability and Paul Bonneville, Eng, are the qualified persons that have reviewed and approved the technical contents of this news release on behalf of the Corporation.
About Critical Elements Lithium Corporation
Critical Elements aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage system industries. To this end, Critical Elements is advancing the wholly owned, high purity Rose lithium project in Québec, the Corporation’s first lithium project to be advanced within a land portfolio of over 1,000 square kilometers. On June 13th, 2022, the Corporation announced results of a feasibility study on Rose for the production of spodumene concentrate. The after-tax internal rate of return for the Project is estimated at 82.4%, with an estimated after-tax net present value of US$1.9 B at an 8% discount rate. In the Corporation’s view, Québec is strategically well-positioned for US and EU markets and boasts good infrastructure including a low-cost, low-carbon power grid featuring 94% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government and also received the Certificate of Authorization pursuant to section 164 of Québec’s Environment Quality Act from the Québec Minister of the Environment, the Fight against Climate Change, Wildlife and Parks.
For further information, please contact:
Patrick Laperrière
Director of Investor Relations and Corporate Development
514-817-1119
plaperriere@cecorp.ca
www.cecorp.ca
Jean-Sébastien Lavallée, P. Géo.
Chief Executive Officer
819-354-5146
jslavallee@cecorp.ca
www.cecorp.ca"
I'm considering reloading-
futr