Last C$0.24 CAD
Change Today -0.01 / -4.00%
Volume 85.6K
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critical elements corp (CRE) Snapshot

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C$0.25
Previous Close
C$0.25
Day High
C$0.26
Day Low
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52 Week High
08/22/14 - C$0.40
52 Week Low
04/4/14 - C$0.16
Market Cap
29.5M
Average Volume 10 Days
169.2K
EPS TTM
C$-0.01
Shares Outstanding
123.1M
EX-Date
--
P/E TM
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Dividend
--
Dividend Yield
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Current Stock Chart for CRITICAL ELEMENTS CORP (CRE)

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critical elements corp (CRE) Details

Critical Elements Corporation acquires, explores, and develops mining properties in Canada. It primarily explores for gold, silver, niobium, tantalum, copper, zinc, nickel, platinum group elements, lead, and lithium. The company’s flagship project includes the Rose lithium-tantalum property that consists of 336 claims covering a total area of 173.93 square kilometers, located in the within the Eastmain greenstone belt. It also holds interests in various properties located in Quebec and British Columbia, Canada. The company was formerly known as First Gold Exploration Inc. and changed its name to Critical Elements Corporation in February 2011. Critical Elements Corporation is headquartered in Montreal, Canada.

critical elements corp (CRE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$29.4K
Compensation as of Fiscal Year 2013.

critical elements corp (CRE) Key Developments

Critical Elements Corporation Auditor Raises 'Going Concern' Doubt

Critical Elements Corporation filed its Annual on Dec 17, 2014 for the period ending Aug 31, 2014. In this report its auditor, KPMG LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Critical Elements Confirms the Economic Potential Value of Mica, a Second By-Product at its Rose Lithium-Tantalum Project

Critical Elements Corporation announced an update on recent testing of mica, one of the by-products at the Rose tantalum-lithium project. One by-product of the Rose tantalum-lithium project with good economic potential is mica. The results of laboratory-scale metallurgical testing to date indicate the potential for production of around 58,000 tonnes of mica concentrate per year. X-ray diffraction (XRD) analysis of a mica concentrate sample shows that it is a potassic mica containing over 80% muscovite. Some additional processing of the concentrate would be needed to give it the qualities of the best muscovite concentrates on the market, including grinding the coarse fraction to reduce it to -100 mesh (-150 microns) and additional cleaning to minimize impurities. This would not only increase the muscovite grade to over 85%, it would also improve the colour of the concentrate, which is currently off-white. Muscovite and phlogopite micas have unique characteristics and are highly valued for their mechanical, electrical and thermal properties, which include high dielectric strength, low expansion coefficients, heat and cold resistance, and high tensile strength. These properties make such micas an excellent raw material for electrical insulators and coating, strengthening and sealing materials, as well as for high-temperature applications. Given its many qualities, the mica (muscovite-type) recovered in the context of the beneficiation of by-products from the Rose lithium-tantalum project therefore has strong potential for penetration of the (wet) ground mica market, where the biggest demand is in the paint industry, especially automotive paints. When mica is used as a mastic in coating applications, its platy structure lends positive rheological properties that strengthen the paint film during the drying process and reduce the effects of oxidation and of thermal expansion and contraction. Adding this type of mica to paints also enhances flexibility, reduces cracking, and improves adhesion. This type of mica is also compatible with all pigments and is easily wetted with oils, thinners, water or emulsions, thus ensuring uniform dispersion in the paint film. In outdoor paint and roofing applications, mica offers UV protection by limiting light penetration and enhances weather resistance by controlling moisture and gas permeability.

Critical Elements Corporation Receives Positive Material Testing Results from Multiple Glass and Ceramic Manufacturers

Critical Elements Corporation announced that its low-iron lithium concentrate has been successfully tested by ceramic and glass manufacturers. Samples sent to multiple end-users for testing in May all tested positively. As a result of the positive testing, the company will be able to add a third revenue stream to its commercialization plans by diversifying its finished product output to de-risk the ramp-up of the operation. This positive addition to the business plan is based on last year's optimization program, which enabled the company to change the product output sequence and generate finished material throughout the transformation process. The new flowsheet design has the flotation plant producing a tantalite concentrate from magnetic separation and a spodumene concentrate (lithium oxide concentrate) by flotation. Additionally, the low-iron portion of the concentrate will be suitable for sale to the glass and ceramic industry. The remainder of the spodumene concentrate (lithium oxide concentrate) would then be put through the transformation plant (carbonation plant) to produce battery-grade lithium carbonate as a secondary transformation. Critical Elements will thus diversify its material output with at least three different products: tantalum concentrate; low-iron lithium concentrate; and battery-grade lithium carbonate. A final component of the planned testing is the investigation of the potential for recovery of by-products such as alumina (in the form of alumina tri-hydrate -ATH), for which there is currently strong market demand, primarily for use as a fire retardant, and silica (as pure silicates). It is worth noting that in addition to generating more value for the project, recovery of these by-products will also significantly reduce the solid waste from the process, i.e., the project's environmental impact. These tests will be performed at XSTRATA's pyrometallurgical laboratory (XPS Consulting & Testwork Services) in Falconbridge, Ontario.

 

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