December 7, 2022

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Significant Features Retains Cantor Fitzgerald as Economic Advisor

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MONTRÉAL, QC / ACCESSWIRE / January 4, 2021 / Significant Things Lithium Corporation (the “Company” or “Important Features“) (TSXV:CRE)(OTCQX:CRECF)(FSE:F12) is happy to announce it has engaged Cantor Fitzgerald Canada Company (“Cantor Fitzgerald”) to pursue, have interaction and examine worldwide strategic partners and traders to progress the Rose Challenge to manufacturing, and will receive charges contingent upon the profitable completion of these kinds of financing transactions.

“With banking and institutional sales experts found throughout the Americas, Europe and Asia, Cantor Fitzgerald delivers significant mining and minerals experience and a world wide full-support investment decision banking suite that can assist us in the course of the approach of evaluating our options and pursuing a thoughtful path ahead,” mentioned Jean-Sebastian Lavallée, Critical Elements’ Main Govt Officer. “We look forward to functioning with the skilled Cantor Fitzgerald staff as we prudently evaluate the strategic solutions offered to us.”

Critical Elements’ President, Dr. Steffen Haber, reiterated the Corporation’s eyesight to develop into a significant liable supplier of lithium to the flourishing electrical motor vehicle and energy storage techniques industries. “Our Rose Project capabilities 1 of the purest lithium deposits globally. Quebec is strategically nicely-positioned with regards to the essential transitioning electrical power and e-mobility marketplaces in Europe and the United States and features fantastic infrastructure and human cash. Our cooperative relationship with the Cree Country of Eastmain, the Grand Council of the Crees (Eeyou Istchee), and the Cree Country Governing administration has been formalized via the Pikhuutaau Settlement signed in July 2019. We are fired up by the anticipated receipt of Provincial and Nationwide Section 1 permitting, specific engineering and financing for the development of the Rose mine and concentrator, and the delivery of engineering experiments for Phase II (a chemical plant for conversion of Rose spodumene concentrate to high excellent lithium hydroxide for use in lithium-ion batteries). We think that Cantor Fitzgerald is preferably suited and enthusiastic to do the job with us to embrace the opportunities apparent in present day markets to increase shareholder benefit.”

About Vital Elements Lithium Corporation

Primero Team a short while ago done the initially stage of its Early Contractor Involvement agreement with the Corporation and supplied a Assured Greatest Selling price for the engineering, procurement and design of the wholly-owned Rose Lithium-Tantalum job on a lump sum turnkey foundation that is in line with the Project’s feasibility review revealed November 29, 2017. The venture feasibility analyze is based mostly on selling price forecasts of US $750/tonne for chemical-quality lithium focus (5% Li2O), US $1,500/tonne for complex-quality lithium focus (6% Li2O) and US $130/kg for Ta2O5 in tantalite concentrate, and an trade price of US $.75/CA $. The interior price of return (“IRR”) for the Rose Lithium-Tantalum challenge is approximated at 34.9% immediately after tax, and internet existing price (“NPV”) is estimated at CA $726 million at an 8% lower price charge. The believed payback time period is 2.8 years. The pre-tax IRR for the Rose Lithium-Tantalum Project is approximated at 48.2% and the pre-tax NPV at CA $1,257 million at an 8% price reduction amount (see press release dated September 6, 2017). The economic investigation is based on the Indicated mineral useful resource. An Indicated mineral useful resource is that part of a mineral resource for which quantity, grade or quality, densities, shape and actual physical properties can be approximated with a amount of self esteem adequate to enable the appropriate software of complex and economic parameters, to assistance mine planning and analysis of the financial viability of the deposit. The daily life-of-mine (LOM) plan delivers for the extraction of 26.8 million tonnes of ore, 182.4 million tonnes of squander, and 11. million tonnes of overburden for a whole of 220.2 million tonnes of substance. The normal stripping ratio is 7.2 tonnes for each tonne of ore. The nominal generation price is believed at 4,600 tonnes per working day, with 350 working days for every calendar year. The open up pit mining schedule lets for a 17-calendar year mine existence. The mine will create a overall of 26.8 million tonnes of ore grading an regular of .85% Li2O and 133 ppm Ta2O5, together with dilution. The mill will system 1.61 million tonnes of ore per year to create an once-a-year common of 236,532 tonnes of specialized and chemical quality spodumene concentrate and 429 tonnes of tantalite focus.

FOR A lot more Information:

Jean-Sébastien Lavallée, P.Geo.
Main Executive Officer
[email protected]

Neither the TSX Venture Trade nor its Regulation Services Company (as that term is described in the policies of the TSX Enterprise Trade) accepts obligation for the adequacy or accuracy of this release.

Resource: Essential Things Lithium Company

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