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  • Montreal-based Critical Elements Lithium (CRE) is engaging GoldSpot Discoveries for its proprietary technology
  • Toronto-based GoldSpot has proprietary machine learning technology and geoscience expertise
  • GoldSpot will use its expertise on Critical Elements’ extensive property package located in James-Bay, Quebec
  • GoldSpot will utilize machine learning solutions to uncover EV battery material at Critical Elements’ exploration projects
  • Critical Elements Lithium is down 2.03 per cent, trading at $1.45 at 12:06 pm ET

Montreal-based Critical Elements Lithium (CRE) is engaging GoldSpot Discoveries (SPOT) for its proprietary technology.

Toronto-based GoldSpot has proprietary machine learning technology and geoscience expertise.

GoldSpot will use its expertise on Critical Elements’ extensive property package located in James-Bay, Quebec, including its lithium-tantalum projects within the Nemiscau Belt.

GoldSpot will utilize machine learning solutions to uncover EV battery material at Critical Elements’ exploration projects.

GoldSpot works with leading exploration and mining clients across all commodities and deposit types to apply cutting edge Artificial Intelligence (AI) algorithms to significantly increase the efficiency and success rate of mineral exploration across resources.

The technical team at Critical Elements will work closely with GoldSpot to analyze geoscience data sets to develop and refine smart targets at the company’s 100-per-cent owned exploration projects, which features multiple lithium showings, as well as nickel, copper and gold.

“Our engagement with Critical Elements showcases GoldSpot’s ability to work with mining leaders across resources to identify new mineral exploration targets. Significant global capital is being invested throughout the electric vehicle supply chain, which will drive demand for high-quality lithium sources. We are excited to work with the Critical Elements team to capitalize on their existing infrastructure and exploration potential as well as demonstrate our advanced analytical technology,” said GoldSpot Executive Chairman and President Denis Laviolette.

“We are really excited to be able to work with GoldSpot to apply their exclusive technology to generate targets on our projects from geological and geochemical data, as well as more recent geophysical data acquired during our last survey. Resumption of exploration work on our different projects covering more than 700 km2 aiming to show the full potential is part of the development plan put in place by our team to become a large and responsible large lithium producer,” said Critical Elements Chief Executive Officer Jean-Sébastien Lavallée.

GoldSpot Discoveries is up 10.58 per cent, trading at C$1.15 at 12:18 pm ET.

Critical Elements Lithium is down 2.03 per cent, trading at $1.45 at 12:06 pm ET.

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