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Be the first with the news that moves the market- Critical Elements Lithium (CRE) reported that Hydro Québec now has approval for a connection and powerline relocation project
- This will allow the company to move forward with its Rose Lithium-Tantalum Project
- The Montreal-based lithium company needs the utility provider’s cooperation in order to move ahead with work on the lithium-tantalum project located in Québec
- Hydro-Québec must relocate a segment of its Eastmain-1-Nemiscau line in order for the mine project to move forward
- The power line currently crosses the future mine site over a distance of 4.1 kilometres
- Critical Elements Lithium (CRE) is down 1.64 percent, trading at $2.70 at 11:34 a.m. ET
Critical Elements Lithium (CRE) reports Hydro Québec now has approval for a connection and powerline relocation project.
This will allow the company to move forward with its Rose Lithium-Tantalum Project.
The Montreal-based lithium company needs the utility provider’s cooperation in order to move ahead with work on the lithium-tantalum project located in Québec.
Various environmental agencies have now signed off on the Hydro Québec project, including the Federal Minister of Environment and Climate Change.
Hydro-Québec must relocate a segment of its Eastmain-1-Nemiscau line, which currently crosses the future mine site on a distance of 4.1 kilometres, in order for the mine project to move forwards
The approval process with several regulatory authorities started in 2021.
“With the Minister of the Environment, the Fight against Climate Change, Wildlife and Parks authorizing Hydro-Québec’s connection and powerline relocation project, we are excited about the prospect of moving forward with the Rose Lithium-Tantalum Project in the James Bay Eeyou Istchee region,” said Critical Elements CEO Jean-Sébastien Lavallée.
Critical Elements aims to eventually mine and produce lithium for the electric vehicle and energy storage system industries.
It is continuing to advance its high-purity Rose lithium project in Québec, the corporation’s first lithium project to be advanced within a land portfolio of over 1,050 square kilometres.
Critical Elements Lithium (CRE) is down 1.64 percent, trading at $2.70 at 11:34 a.m. ET.
