What's Going On With Critical Elements?
Critical Elements (CRECF) today announced that it will continue to employ Mr. Gerrit Fuelling as a lithium market and contracts expert for its Phase II engineering study to produce high quality lithium hydroxide monohydrate for the growing electric vehicle industry. Shares of the company were trading lower -1.30% to $1.135 a share on Monday.
What Does This Mean For Critical Elements?
Gerrit Fuelling, an independent consultant based in Taipei, Taiwan, is guiding automotive OEMs and battery manufacturers on lithium and cesium raw material sourcing, sales and marketing, and QA/QC. His track record of proving excellent industry experience at Rockwood Lithium is what endeared him to Critical Elements.
"One of the key attributes of the advance and de-risk approach of Critical Elements' management is its conservatism," said Chair of the Board of Directors Eric Zaunscherb. Adding, "Lithium market volatility is an important source of risk, and it is essential to have someone with Mr. Fuelling's hands-on experience and extensive industry awareness to provide the necessary lithium market input in the generation of the Phase II engineering studies. His market view will also be vital in the ongoing financial engineering to fund the two project phases, seeking to minimize the cost of capital and optimize the outcome on behalf of shareholders".
Critical Elements Lithium Corporation engages in the acquisition, exploration, and development of mining properties in Canada.
CRECF has a Short-Term Technical Rank of 94. Find out what this means to you and get the rest of the rankings on CRECF!
Critical Elements Lithium Corp is involved in the acquisition, exploration, and development of mining properties. It focuses on an exploration of rare earth metals, particularly lithium and Tantalum. The company's properties include Rose Lithium -Tantalum, Nisk, Arques, Bourier, Caumont, and Dumulon among others.
