Critical Elements Corporation (TSX VENTURE:CRE)(OTCQX:CRECF)(FRANKFURT:F12) is pleased to report the last results of the metallurgical testing program for its Rose deposit, James Bay, Quebec.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.A replay of the conference call will be available until September 1, 2011by
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(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.The replay access code is: 5301014#"These positive results are in line with the high quality low risks mining project scenario that the major consumers in the critical metals markets are looking for," stated Jean-Sebastien Lavallee, President & CEO of Critical Elements Corporation.Source: Ship Finance International Limited via Thomson Reuters ONECautionary Statement Regarding Forward Looking Statements
This press release may contain forward looking statements. These statements
are
based upon various assumptions, many of which are based, in turn, upon
further
assumptions, including Ship Finance management's examination of historical
operating trends. Although Ship Finance believes that these assumptions
were
reasonable when made, because assumptions are inherently subject to
significant
uncertainties and contingencies which are difficult or impossible to
predict and
are beyond its control, Ship Finance cannot give assurance that it will
achieve
or accomplish these expectations, beliefs or intentions.
Important factors that, in the Company's view, could cause actual results
to
differ materially from those discussed in this presentation include the
strength
of world economies and currencies, general market conditions including
fluctuations in charter hire rates and vessel values, changes in demand in
the
tanker market as a result of changes in OPEC's petroleum production levels
and
worldwide oil consumption and storage, changes in the Company's operating
expenses including bunker prices, dry-docking and insurance costs, changes
in
governmental rules and regulations or actions taken by regulatory
authorities,
potential liability from pending or future litigation, general domestic and
international political conditions, potential disruption of shipping routes
due
to accidents or political events, and other important factors described
from
time to time in the reports filed by the Company with the United States
Securities and Exchange Commission.[HUG#1538690]The final flotation results obtained were a recovery of 90.7% for lithium at a grade of 5.87% Li(2)O and 84.8% for tantalum at a grade of 1016 ppm Ta(2)O(5), without recycling. Recycling to be tested later may improve results further.About Critical Elements CorporationIn parallel to this program, an additional testing program is presently being carried out in China.Critical Elements' portfolio also includes rare-earth and tantalum-niobium projects in the Rocky Mountains of British Columbia and in Quebec, as well as a 50% interest in the Croinor project, which is located in Quebec and hosts a current NI 43-101 compliant measured and indicated resource of 814,228 tonnes at 9.11 g/t Au, for 238,414 ounces of gold at a 5 g/t cut-off.US Toll Free # 1-866-932-5017a. Webcast
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Contacts: Jean-Sebastien Lavallee, P.Geo. President and Chief Executive Officer 819-354-5146 president@cecorp.ca Paradox Public Relations 514-341-0408
