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Financings

Critical Elements closes $7-million private placement

By The Northwire Desk — AI Analysis Dec 05, 2025 · 16:56 CRE · 0.385 Critical Elements Lithium Corporation
CRE · Price

Executive Summary

  • Critical Elements Lithium Corp. has closed a C$7.0 million bought deal private placement, including the full exercise of the underwriter's option.
  • The company sold 7.5 million HD shares at 40 cents per share and 6,666,667 flow-through shares (FT) at 60 cents per share.
  • Net proceeds are designated for exploration at the Rose West block and Nemaska belt properties in Quebec, as well as for general working capital.

Key Details

  • Gross Proceeds: C$7,000,000.20 (includes full exercise of underwriter's option).
  • Shares Sold:
    • HD Shares: 7,500,000 common shares sold at C$0.40 per share.
    • FT Shares: 6,666,667 common shares sold to charitable purchasers as flow-through shares at C$0.60 per share.
  • Underwriter: Red Cloud Securities Inc. acted as sole underwriter and bookrunner.
  • Use of Proceeds:
    • Finance exploration programs at the Rose West block (part of the Rose lithium-tantalum property) and Nemaska belt properties in Quebec.
    • General working capital and corporate purposes.
    • Specifically, gross proceeds from FT shares will be used to incur eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures related to the Rose West and Nemaska properties on or before Dec. 31, 2026.
  • Flow-Through Terms: All qualifying expenditures will be renounced in favour of FT share subscribers effective Dec. 31, 2025.
  • Regulatory Basis: Sold pursuant to the listed issuer financing exemption under National Instrument 45-106 (Part 5A). Shares are immediately freely tradeable.
  • Underwriter Compensation:
    • Aggregate cash fees: $420,000.01.
    • Warrants: 850,000 non-transferable common share purchase warrants.
    • Warrant Terms: Each warrant is exercisable into one common share at the HD share price (C$0.40) at any time on or before Dec. 5, 2027.
  • Status: Closing is subject to final approval of the TSX Venture Exchange.
  • Offering Document: Dated Nov. 17, 2025, available on SEDAR+ and the company website.
Read the original news release →

More from Critical Elements Lithium Corporation

Nov 10, 2026 · 07:00

Critical Elements reports 1.35% Li2O over 16 m in its latest drilling results, with half of the intercepts returning barren grades.

Drill Results Sep 22, 2026 · 03:00

Critical Elements reports an 800m step-out at the Lion deposit returning 14% CuEq, though no true width was disclosed.

Drill Results Sep 08, 2026 · 03:00

Critical Elements’ JV partner’s maiden resource validates the Nisk deposit potential, though the company remains pre-revenue and cash-burning.

Resource Estimate Aug 24, 2026 · 10:00

Critical Elements expands the Rose West footprint with modest step-out grades that remain undrilled and unverified.

Drill Results Aug 12, 2026 · 09:42

Critical Elements confirms pegmatite continuity with consistent lithium oxide grades across a 300-metre step-out at its project.

Drill Results Aug 04, 2026 · 07:18

Critical Elements resumes summer drilling at the Rose West deposit, with assay results pending and no immediate catalysts identified for the project.

Drill Results