Critical Elements Lithium Obtain Its Mining Lease for The Rose Lithium-Tantalum Project

MONTRÉAL, QC / ACCESSWIRE / September 18, 2023 / Critical Elements Lithium Corporation (TSX-V:CRE)(OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to announce that it has entered into a mining lease with the Québec Minister of Natural Resources and Forests for the Rose Lithium-Tantalum project. The mining lease is granted under the Québec Mining Act and gives the holder the right to mine mineral substances for the Rose Lithium-Tantalum project. The mining lease is granted for a period of 20 years.

Jean-Sébastien Lavallée, Corporation's CEO commented: "Today's news represents one of the final steps towards the development of the Rose Lithium-Tantalum project. As of today, we can say that the regulatory process is for the most part behind us."

The mining lease represented one of the very last steps in bringing the Rose Lithium-Tantalum project to reality. Critical Elements' Rose Lithium-Tantalum project is one of the most advanced hard rock lithium projects in North America, having achieved key milestones:

• The Pikhuutaau Agreement, an impact and benefits agreement for the development and operation of the Rose Lithium-Tantalum project, signed with the Cree Nation of Eastmain, the Grand Council of the Crees (Eeyou Istchee) and the Cree Nation Government in July 2019;
• A favorable decision statement from the federal Minister of the Environment and Climate Change, issued in August 2021 following the thorough environmental assessment conducted by the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government;
• The approval by the Québec Minister of Natural Resources and Forests of the rehabilitation and restoration plan concerning the Rose Lithium-Tantalum project, in May 2022;
• The receipt of the Certificate of Authorization under Section 164 of Quebec's Environment Quality Act, in November 2022, following the environmental and social impact assessment and review procedure under the responsibility of the Environmental and Social Impact Review Committee (COMEX).

About Critical Elements Lithium Corporation