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Critical Elements LithiumTSXV:CRE

Lithium explorer, with a project stated to be in Quebec, James Bay region.

Quebec · Canada — as stated on the recordings

explorer lithium Quebec, Canada
Jun 2026Covered
8 of 10Topics on record
1 executiveNamed on the record
Stage
Explorer
Primary commodity
Lithium
Jurisdiction
Quebec, James Bay region
Deposit
hard rock lithium, spodumene
Latest appearance
22 Jun 2026
On record
1 interview · 19 statements · 1 executive

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
200,000 tons per annum of spodumene concentrate
Management-stated Eric Zaunscherb Jun 2026
What happens next
10,000 m summer drill program commenced at Rose West
Management-stated Eric Zaunscherb Jun 2026
The main open question
No independent validation of the feasibility study assumptions or ore body continuity is available.
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
1 independent voice on record — 1 neutral
Unknown speaker
Outside voices

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Critical Elements Lithium's own claims across 1 interview — most-covered theme first.

What outside voices pick up on

1 independent voice — people who do not speak for the company — across 1 mention.

1 neutral
  • Unknown speaker “Mentioned as Eric’s separate chair role consuming a small amount of his time.”

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says the 2023 feasibility study shows a robust $2.2B NPV at 8% IRR with 66% IRR and 1.8-year payback on 200,000 tpa of spodumene concentrate at $2,100/ton.

What it rests on
Evidence: 4 moments from 1 interview
Read the full case

Management says the 2023 feasibility study shows a robust $2.2B NPV at 8% IRR with 66% IRR and 1.8-year payback on 200,000 tpa of spodumene concentrate at $2,100/ton. The company trades at a 68% discount to peer 2P reserves, holds all major permits and a Cree agreement in tier-one Quebec, and the flat-lying pegmatite geometry at Rose and the newly discovered Rose West (footprint expanded 6x) offer expansion upside.

▼ Bear case

No independent validation of the feasibility study assumptions or ore body continuity is available.

What it rests on
Evidence: 1 moment from 1 interview
Read the full case

No independent validation of the feasibility study assumptions or ore body continuity is available. The $2,100/ton price assumption was set in 2023; lithium market and cost fundamentals may have shifted. Rose West is early-stage exploration with no resource estimate. The discount to peers may reflect investor skepticism on execution or capital requirements not disclosed here. No financing plan or dilution impact is detailed.

◆ Watch next

The 10,000 m summer drill program at Rose West commenced recently—results will test whether the footprint expansion and grades hold.

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

The 10,000 m summer drill program at Rose West commenced recently—results will test whether the footprint expansion and grades hold. Next milestone is resource/reserve updates incorporating Rose West. Capital raise timing, size and terms will show market appetite and shareholder dilution risk. Lithium spot price and cost curve trajectory should be monitored against the $2,100/ton assumption.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 8 statements

The deposit 3

Key takeaway. Management describes the deposit as a hard rock lithium, spodumene project.

Read the full summary

The company reports a resource size of 200,000 tons per annum of spodumene concentrate. On exploration upside, the CEO notes the Rose West discovery, less than 10 km west of Rose, whose footprint expanded by over six times from the spring drill program.

What was actually said
deposit type
hard rock lithium, spodumene
“The Rose Lithium Tantalum project is wholly owned by the company.”
Eric Zaunscherb· 22 Jun 2026·
exploration upside
Rose West discovery less than 10 km west of Rose, footprint expanded by over six times from spring drill program
“we've also made a new discovery called Rose West, which is less than 10 km to the west of Rose. our spring drill program has already expanded that footprint by over six times.”
Eric Zaunscherb· 22 Jun 2026·
resource size
200,000 tons per annum of spodumene concentrate
“studied a mine and production of 200,000 tons per annum of spodumene concentrate.”
Eric Zaunscherb· 22 Jun 2026·

Jurisdiction 4

Key takeaway. Management notes that the company's project is located in Canada, in the James Bay region of Quebec, and has a formalized agreement with the Cree community.

Read the full summary

As of June 2026, the company reports that all major environmental permits are in place.

What was actually said
community agreement
formalized agreement with the Cree
“The company has a formalized agreement with the Cree and has all major environmental permits.”
Eric Zaunscherb· 22 Jun 2026·
country
Canada
“It's one of the top jurisdictions globally in Quebec.”
Eric Zaunscherb· 22 Jun 2026·
permit status
all major environmental permits in place
“We're not waiting for a permit from Quebec or from the federal government. That's all in place already.”
Eric Zaunscherb· 22 Jun 2026·
Show the other 1 statement
region
Quebec, James Bay region
“Looking at the project we're talking about, the James Bay region where the the Nemaska mine, the James Bay project, the Sayona project are all in that part of northern Quebec”
Eric Zaunscherb· 22 Jun 2026·

Technical risk 1

What was actually said
key assumption
mineralization at both Rose and Rose West is relatively flat lying, stacked on echelon pegmatites
“the mineralization at both Rose and Rose West is relatively flat lying. These are stacked on echelon pegmatites.”
Eric Zaunscherb· 22 Jun 2026·

Economics 4 statements

Economics 4

Key takeaway. In its June 2026 update on project economics, Critical Elements Lithium management reported an after-tax NPV of US$2.2 billion at an 8% discount rate and an IRR of around 66%, with a payback period of 1.8 years.

Read the full summary

The company said these figures are based on a price assumption of just over US$2,100 per ton for 5% chemical grade spodumene.

What was actually said
irr
around 66%
“internal rate of return of around 66%”
Eric Zaunscherb· 22 Jun 2026·
npv
US 2.2 billion dollars at 8%
“that delivered a very robust NPV 8% of US 2.2 billion dollars”
Eric Zaunscherb· 22 Jun 2026·
payback
1.8
“and a payback of 1.8.”
Eric Zaunscherb· 22 Jun 2026·
Show the other 1 statement
price assumption
just over 2100 US per ton for 5% chemical grade spodumene
“2023, there's a feasibility study that was done at just over 2100 US life of mine average per ton for 5% chemical grade spodumene.”
Eric Zaunscherb· 22 Jun 2026·

Timeline 2 statements

Timeline 2

Key takeaway. Management reports that a 10,000-metre summer drill program has commenced at Rose West, and that the company's 2023 feasibility study has been completed — both milestones achieved as of June 2026.

What was actually said
milestone
10,000 m summer drill program commenced at Rose West
“we've commenced the 10,000 m a summer drill program that began a couple of weeks ago.”
Eric Zaunscherb· 22 Jun 2026·
study due
2023 feasibility study completed
“2023, there's a feasibility study that was done”
Eric Zaunscherb· 22 Jun 2026·

Corporate 5 statements

Management 1

What was actually said
track record
Jean-Sébastien Lavallée and father were original discoverers in 2008-2009; Stefan Halter and Marcus Brunet built Rockwood Lithium, sold to Albemarle for $6.2 billion
“He and his father were the original discoverers in around 2008 2009.”
Eric Zaunscherb· 22 Jun 2026·

Share structure 3

Key takeaway. Management reports approximately 232 million shares outstanding as of June 2026, with insiders holding a 4% stake.

Read the full summary

The company also notes an associate investment of just under 10 million shares of Power Metallic and a 20% carried interest in the Nisk joint venture as of the same date.

What was actually said
associates investment
just under 10 million shares of Power Metallic, 20% carried interest in Nisk joint venture
“we own a 20% interest that is carried in the Nisk joint venture and we own just under 10 million shares of Power Metallic.”
Eric Zaunscherb· 22 Jun 2026·
insider stake
4%
“And decent 4% exposure for insiders on the management structure.”
Eric Zaunscherb· 22 Jun 2026·
shares outstanding
232 million
“First off, basic shares outstanding 232 million.”
Eric Zaunscherb· 22 Jun 2026·

Market 1

What was actually said
cost curve position
trading at 68% discount to mean of peers on 2P reserves basis, 56% discount on M+I resources basis
“we are trading at a 68% discount to the mean of its peers looking at the 2P reserves. Or if you prefer looking at M plus I resources, we're trading at a 56% discount to the mean of our peers.”
Eric Zaunscherb· 22 Jun 2026·

Outside views 1 mention

1 mention by people who do not speak for the company. These are their views, not the company's.

Unknown speaker
neutral
Mentioned as Eric’s separate chair role consuming a small amount of his time.
Resource Talks· 14 May 2026·

Sources 1 interview

Every interview 1

DateChannelInterviewStatements
22 Jun 2026 Crux Investor Critical Elements Lithium (TSXV:CRE) - 'Undervalued?' Investment Series, with Eric Zaunscherb 19

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

albemarle 1
lithium 1
nemaska break 1
nisk joint venture 1
rose lithium tantalum project 1
rose west 1
sqm 1

Questions people ask

What is Critical Elements Lithium's project and where is it?

Critical Elements Lithium is a explorer lithium company, with a project stated to be in Quebec, Canada. Everything here is drawn from its executives' own interviews.

Which interviews mention Critical Elements Lithium?

We track 1 interview mentioning Critical Elements Lithium, across 1 channel (Crux Investor).

What are investors saying about Critical Elements Lithium?

1 independent voice — people who do not speak for the company — are on record discussing it (1 neutral). Their reasoning is quoted in the outside-view section above.

What do recent interviews with Critical Elements Lithium cover?

The most-discussed topics on record are economics, jurisdiction, the deposit, share structure — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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