The Rose property is located in northern Québec’s Eeyou Istchee James Bay territory, within the province’s administrative region. The entire property spans more than 24,600 hectares and is geologically situated at the northeastern end of the Archean Lake Superior Province of the Canadian Shield.
In August 2023, Critical Elements released a feasibility study for Rose, outlining spodumene concentrate production. The study estimates an after-tax internal rate of return (IRR) of 65.7% and an after-tax net present value (NPV) of $2.2 billion at an 8% discount rate.
The project will produce technical-grade spodumene concentrate for the glass and ceramics industry and chemical-grade spodumene concentrate for battery conversion in e-mobility applications, along with tantalite concentrate.
The mine is expected to extract 26.3 million tonnes of ore over its lifespan, with an average grade of 0.87% Li₂O and 138 ppm…
