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Primero focus, page-48

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    More Primero focus and from Canada too @Sweetsound  ..
    With  a solid industry comment on Primero’s “industry leading” lithium expertise…


    CRITICAL ELEMENTS - a Canadian lithium junior with tenements in Northern Canada in the same freezing vicinities as the Oz-listed Galaxy (GXY) James Bay Project and Nemaska,  is another company to have engaged Primero.
    https://investingnews.com/news/lith...t-for-its-hydroxide-engineering-market-study/
    Here’s  an excerpt from that link which was published on July 12, 2021 noting it had engaged a world renown lithium expert called Gerrit Fuelling  (great name for a driver of new energy?) for various advisory services.
    Critical Elements Lithium is advancing the wholly owned, high purity Rose lithium project in Quebec.
    Rose is our first lithium project to be advanced within a highly prospective land portfolio of over 700 square kilometers. In 2017, the Corporation completed a robust feasibility study on Rose Phase 1 for the production of high quality spodumene concentrate. The internal rate of return for the Project is estimated at 34.9% after tax, with a net present value estimated at C$726 million at an 8% discount rate.
    Capital cost parameters were confirmed in 2019 by Primero Group in the context of a Guaranteed Maximum Price under an Early Contractor Involvement agreement, as a prelude to an Engineering, Procurement and Construction process. Detailed engineering for Phase I is expected to conclude this year as we also deliver technical studies for Phase II, the conversion of spodumene concentrate to high quality lithium hydroxide…

    When I looked at the history a bit for more Primero information, I found this satisfying comment:
    “Jean-Sébastien Lavallée, Chairman & Chief Executive Officer of Critical Elements stated, “We are very pleased with Primero’s work and the team.  
    We said it before and continue to believe they are the industry-leader in engineering and construction of spodumene plants.”


    Noice?
    He said it that time on October 23, 2019 : [ref] when announcing Primero had completed the first stage of its’ ECI and the companies were  in discussion about commencing “ the second phase of the ECI agreement (ECI Phase II – Front End Engineering Design) which will include initial detailed engineering as well as determining fixed prices based on the GMP for Primero to perform all of the work involved in completing the EPC lump sum turnkey proposal.
    Primero is also offering the Corporation its EPC services as a fully integrated package if the final lump sum is within the GMP, and if technical and commercial parameters are met during the second phase.”



    I feel praise  (and work!) from the management of Critical Elements is a good thing to have on the Primero CV.
    The president and vice president  there were the CEO and CFO of  one of the world’s greatest early lithium operations - Rockwood Lithium, sold to Albemarle for US$6.2 billion in January 2015.
    [ref].  

    cheers


    PS The 12/07/21  link thankfully notes  local landholders,  the Cree nation,  are fully on side with the potential development.
 
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