Critical Elements Lithium Corporation announced that it has been granted three industrial occupancy leases (storage and mining infrastructure) and tailings management facility leases, which are essential for the deployment of its unique Rose Lithium-Tantalum project (the Rose Project or the Project) in Eeyou Istchee, Quebec. These leases are granted by the Ministère des Ressources naturelles et des Forêts (the Ministère) under the Act respecting lands in the domain of the State (Québec) for a period of one year starting February 1st, 2024 and automatically renewed every year, subject to the respective terms and conditions of the leases granted. With the obtaining of the mining lease in September 2023 and the granting of these three leases, Critical Elements continues to move forward with the realization of the Rose Project by securing the occupancy rights necessary for the activities inherent to a future mining operation, which remains subject to the conclusion of a strategic partnership and project financing leading to a final investment decision.

Critical Elements thus crystallizes its presence in the region and at the same time ensures that it has the necessary occupancy rights for the deployment of the Project.