Critical Elements Corporation (TSXV:CRE) announced that it has entered into entered an agreement with lead placement agents for a bought deal private placement of 9,091,000 units at a price of CAD 1.10 per unit for gross proceeds of CAD 10,000,100 on January 21, 2021. Each unit consists of one common share and one half of one purchase warrant. Each warrant will entitle the holder to purchase one additional common share at CAD 1.75 per share for a period of 2 years following the closing date of the transaction. The company has granted agents with an option to purchase up to 2,272,750 additional units in the transaction. The transaction is subject to approval of all necessary approvals including the conditional listing approval of the TSX Venture Exchange. The securities to be issued are subject to a hold period of four month and one day from the closing of the transaction. The transaction is expected to closed on or about February 11, 2021.