Critical Elements Resumes Its 10,000-Meter Summer Drill Program at Rose West

Critical Elements Lithium Corporation has resumed its Phase 2 Summer 2026 exploration program at the 100%-owned Rose West Discovery in Quebec, following a precautionary suspension caused by nearby forest fires. The company has completed 11 drill holes totaling 2,073 meters, targeting the expansion of the mineralized footprint and the definition of three new spodumene-bearing pegmatite bodies.

Preliminary geological observations confirm intersections of Pegmatites 2, 3, and 5, with assay results currently pending for most intervals. The program aims to expand the footprint to approximately 1,250m x 2,000m and prepare the geological model for a Fall 2026 Mineral Resource Estimate (MRE). This release follows the June 9, 2026 announcement of the 10,000-meter summer program and the July 6, 2026 suspension update.

Critical Elements Lithium Corporation (CRE) has resumed drilling, an expected operational follow-up to the June announcement and July suspension. The company has not introduced new financial, strategic, or grade-related catalysts with this move. Assay results remain pending, meaning no new resource growth or economic data has been materialized yet.

The news aligns perfectly with previous management guidance and historical drilling progressions. Given the pending assays and lack of new financial commitments, the immediate impact on the stock price is neutral.

Critical Elements Lithium Corporation is focused on the Rose Lithium-Tantalum Project in Eeyou Istchee, Quebec. The project is in the exploration and development stage, with a completed NI 43-101 Feasibility Study indicating an after-tax NPV of US$2.2 billion and an IRR of 65.7%.

The flagship Rose project includes the Rose West Discovery, which has expanded its mineralized footprint from 450m x 370m in Winter 2024 to 1,250m x 800m in Summer 2026. The company holds 100% ownership of the Rose property, except for a 20% interest in the Nisk property joint venture with Power Metallic Mines Inc. Permitting is largely advanced, with environmental authorizations secured and an Impact and Benefits Agreement in place with local Cree communities.