Critical Elements 10,000-Meter Summer Drill Program at Rose West Resumes with Positive Results
Critical Elements confirms pegmatite continuity with consistent lithium oxide grades across a 300-metre step-out at its project.
Critical Elements Lithium Corporation (CRE) has released assay results from four of the eleven holes drilled at the Rose West lithium-tantalum discovery in Québec. The company states that the results help expand the discovery’s footprint by approximately 300 by 300 meters and demonstrate the continuity of stacked pegmatites.
Key intercepts, with core lengths representing 80 to 95 percent of true width, include:
- RW‑26‑35A: 27.35 m @ 1.89% Li₂O, 161 ppm Ta₂O₅ (Pegmatite 3), including 10.50 m @ 2.70% Li₂O.
- RW‑26‑51: 16.85 m @ 1.58% Li₂O (Pegmatite 3) and 6.45 m @ 1.23% Li₂O (Pegmatite 5).
- RW‑26‑52: 19.40 m @ 1.00% Li₂O (Pegmatite 3).
- RW‑26‑58: 14.05 m @ 1.33% Li₂O (Pegmatite 5).
Hole RW‑26‑53 intersected no spodumene in Pegmatite 3 due to a fault.
Critical Elements Lithium Corporation (CRE) released results from its winter 2026 drilling program, which targeted Pegmatites 2, 3, and 5. The company noted that the market already understood these pegmatites to be continuous, with the recent program demonstrating similar grades and thicknesses over a large area.
The stock had drifted from a high of $0.56 to $0.30 amid sector weakness and financing uncertainty. A small bounce to $0.36 occurred on Aug 10-11, potentially reflecting modest pre-release optimism.
The Rose West resource estimate is still months away, and the project remains unfunded.
Critical Elements Lithium Corporation is a Quebec-focused lithium developer. Its flagship Rose Lithium-Tantalum Project has a completed feasibility study with a net present value of US$2.2 billion and an internal rate of return of 65.7%, but requires approximately US$471 million in initial capital expenditure and remains unfinanced. The company is also exploring Rose West, a satellite discovery located 10 km away, where it is drilling to define a maiden resource. Additionally, Critical Elements holds early-stage nickel-copper-PGE and lithium prospects on the Nemaska Belt. The company has no revenue, $8.3 million in cash as of May 31, 2026, and a net loss of $3.4 million over nine months.