Looking at Critical Elements again as a Sunday afternoon reconnoiter;
- That’s the Canadian lithium company where Primero has had an ECI agreement since 2019, and where as per the above story “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…”
Critical Elements, of Beaver Hall, Montreal… (well Côte du Beaver Hall in truth )
….closed a $30m raising for shares + warrants @ $1.75 each to advance its’ North Canadian Rose project last Friday [link].
Rose is the one Primero has the agreement on.
Here’s a reminder from the 04/11/21 public offering notice [ref]… “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..”
So, I thought more news might be coming Primero’s way out of that, announcement-worthy or not, and it’s good to know how that client is progressing.
Here’s how the Critical Elements share price is going ..
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Cheers
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