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Critical Elements ( (TSE:CRE) ) has provided an update.
Critical Elements Lithium Corporation has received conditional approval for $20 million in federal funding from the Government of Canada. This funding will be used to relocate power transmission infrastructure and build a new electrical sub-station for the Rose Lithium-Tantalum Project in Québec. The project is part of Canada’s Critical Minerals Strategy to boost the supply of essential minerals and support a green economy. The funding highlights the importance of sustainable development and Indigenous partnerships, reflecting the company’s commitment to becoming a leading supplier in the EV and energy storage sectors.
More about Critical Elements
Critical Elements Lithium Corporation operates in the mining industry, focusing on the extraction and production of lithium and tantalum. The company is primarily engaged in developing the Rose Lithium-Tantalum Project in Québec, which aims to supply critical minerals for the electric vehicle and energy storage industries.
YTD Price Performance: -14.52%
Average Trading Volume: 27,123
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $57.36M
For a thorough assessment of CRE stock, go to TipRanks’ Stock Analysis page.
