Critical Elements Corporation (TSXV:CRE) announced a non-brokered private placement of 10,000,000 units at CAD 0.30 per unit for gross proceeds of CAD 3,000,000 on July 31, 2020. 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 0.45 per share for a period of 24 months after the closing date of the Offering. The securities to be issued are subject to a hold period of four month and one day following the closing. The transaction is subject to approval of the TSX Venture Exchange. The company may pay finder's fees of 6% of the gross proceeds.