Critical Elements Mourns the Loss of Director Marc Simpson

• The most recent release (April 24, 2026) announces the passing of Director Marc Simpson following a brief illness.
• Mr. Simpson served on the Board since March 2013 and was described as a highly respected geologist with 35 years of experience.
• This announcement follows positive exploration updates from April 1, 2026, regarding the Rose West drill program which expanded the mineralized footprint.
• Historical context includes significant financing activity in late 2025 (C$7 million bought deal) and high-grade polymetallic results from the Nemaska Belt properties in November 2025.
• A subsidiary or portfolio update regarding Power Metallic Mines Inc. was reported on March 10, 2026, showing high-grade copper intercepts at the Lion Zone, though this appears under Critical Elements' reporting feed.

• The loss of a long-serving director (13 years) is an administrative and governance event rather than an operational failure or asset impairment.
• While Mr. Simpson's expertise as a geologist was valuable, there is no indication that his passing halts exploration or financing activities currently underway.
• The positive drilling results from April 1, 2026 (Rose West expansion) remain the primary fundamental driver for valuation; this news does not negate those findings.
• There is no immediate material negative impact on cash flow, debt obligations, or project timelines based solely on this announcement.
• Sentiment may be slightly dampened due to the loss of institutional memory, but it does not constitute a "Material - Negative" rating under the provided definitions as it does not alter the investment thesis regarding asset value.

• Company: Critical Elements Lithium Corporation.
• Flagship Project: Rose Lithium-Tantalum Property (Rose West Discovery) in Quebec.
• Project Status: Advanced exploration stage with feasibility study data indicating high economic value (NPV US$2.2 billion, IRR 65.7% per Nov 2025 news).
• Secondary Assets: Nemaska Belt properties targeting nickel-copper-PGE mineralization; Bourier property (100% owned after buyback in April 2026 news).
• Geology: Spodumene-bearing pegmatitic bodies at Rose West with associated Tantalum; high-grade polymetallic zones at Nemaska.