- Critical Elements Lithium Corporation (CRE) has completed a positive engineering study for a lithium hydroxide monohydrate plant
- It is based on a standalone conversion plant which is not guaranteed to be implemented
- An estimate showed a yearly production of 30,670 tonnes of battery grade lithium
- The location has not been decided yet but some Québec properties show promise
- Critical Elements Lithium Corporation (CRE) is down 1.22 per cent and is trading at $1.62 per share as of 1:33 p.m. ET
Critical Elements Lithium Corporation (CRE) has completed a positive engineering study for a lithium hydroxide monohydrate plant.
The company stated the study is based on a standalone conversion plant and is only in its design phase, which may never be implemented.
According to Critical Elements, the potential plant’s study estimated a yearly production of 30,670 tonnes of high-quality battery grade lithium hydroxide monohydrate from 220,587 tonnes of spodumene concentrate purchased solely on the world market on long term contract basis.
Given the positive results of the study, Critical Elements stated it will continue to evaluate possible site locations for a potential future plant.
Critical Elements shared the location of the plant has not been decided yet but has several potential Québec-based properties that have the necessary amenities proximal to where the plant could be constructed. However, for the purpose of the study, the company assumed the plant be constructed within the Bécancour Industrial Park.
The company stated the infrastructure supporting lithium hydroxide process plant was designed to include the following areas:
- Site Earthwork (road, industrial pad, buried services, parking, etc.)
- Administration building and warehouse
- Boiler, compressors, and cooling tower building
- Spodumene handling and storage
- Analcime sand handling and storage
- Electrical substation
Critical Elements Lithium Corporation (CRE) is down 1.22 per cent and is trading at $1.62 per share as of 1:33 p.m. ET.