Critical Elements Announces the Results From the Annual and Special Meeting of Shareholders - Seite 2
- In the case of a consultant whose contractual relationship is terminated by the Company without cause, then the expiration date of any vested award shall be the earlier of (i) the expiration date of such award; or (ii) a date that is 30 days after the termination date if the consultant has been providing services to the Company for less than 2 years; or (iii) a date that is 90 days after the termination date if the consultant has been providing services to the Company for 2 years or more.
Terms of office within the Company |
Revised expiry date |
From 0 to 3 month
Effective date of termination
More than 3 months until 1 year
1 month following effective date of termination
More than 1 year until 3 years
3 months following effective date of termination
More than 3 years
12 months following effective date of termination
A summary of the Omnibus Plan can be found in the Management Proxy Circular dated June 5, 2023 (the "Circular"), filed under Critical Elements' profile on SEDAR at www.sedar.com. The Omnibus Plan, in its entirety, is also attached as Schedule "B" to the Circular.
About Critical Elements Lithium Corporation
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Critical Elements aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage system industries. To this end, Critical Elements is advancing the wholly owned, high purity Rose lithium project in Québec, the Corporation's first lithium project to be advanced within a land portfolio of over 1,050 square kilometers. On June 13th, 2022, the Corporation announced results of a feasibility study on Rose for the production of spodumene concentrate. The after-tax internal rate of return for the Project is estimated at 82.4%, with an estimated after-tax net present value of US$1.9 B at an 8% discount rate. In the Corporation's view, Québec is strategically well-positioned for US and EU markets and boasts good infrastructure including a low-cost, low-carbon power grid featuring 94% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government and also received the Certificate of Authorization pursuant to section 164 of Québec's Environment Quality Act from the Québec Minister of the Environment, the Fight against Climate Change, Wildlife and Parks.