Critical Elements Lithium: Is Quebec ready to deliver new North American supply?

The Rose lithium-tantalum project has key permits in place and is ready to move towards construction once a final investment decision is made.

Critical Elements Lithium is advancing the Rose lithium-tantalum project in Quebec with key permits in place, detailed engineering well advanced, conditional infrastructure funding secured, and conditional long-term debt support positioning the project to move quickly to construction and production once a final investment decision is made.

Canada’s lithium sector is moving from concept to execution, and Quebec is emerging as a cornerstone of that shift. Critical Elements Lithium is developing the Rose lithium-tantalum project, considered one of the most advanced hard-rock lithium assets in North America.

The project benefits from year-round road access and nearby connection to Hydro-Québec, one of the cleanest and lowest-cost power grids globally. Management reports that major permits are in place and detailed engineering is well advanced, allowing the company to focus on the build phase.

Financing momentum

Critical Elements has received a conditional $20 million contribution from the Critical Mineral Infrastructure Fund and a conditional support letter for up to US$150 million in long-term debt from a major institution. Leadership views this package as a key advantage when competing to supply fast-growing battery and electric vehicle markets.

Demand backdrop

Global lithium demand is expected to rise from roughly 1.2 million tonnes in 2025 to about 3 million tonnes by 2030, driven largely by electric vehicles and energy storage for ravenous data centres and artificial intelligence. Management believes supply will struggle to keep pace, creating room for new producers with near-term projects.

Investor decision factors

- Final investment decision to be taken on Rose once project financing is in place
- Key permits secured
- Access to low-carbon Hydro-Québec power
- Conditional Government and institutional financing support
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