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Weekly 52-Week Low (or 52-Week High): EMA-T, IAG-T, TRZ-T, BNE-T and More 52-Week Highs and Lows (Sep 04-10)This summary was created by AI, based on 1 opinions in the last 12 months.
Critical Elements Corp (CRE-X) has cash reserves of $40M with no revenue, losses, and negative cash flow. However, the Rose Project in Quebec is promising with an expected IRR of 82% and potential for substantial cash flow over 17 years. The company's management has a good track record, although the stock has struggled in 2023 due to lower lithium prices impacting financing confidence. Overall, CRE-X presents a promising project in a favorable location, with potential for exploration to further enhance its economics.
Critical Elements Corp. is a Canadian stock, trading under the symbol CRE-X on the TSX Venture Exchange (CRE-CV). It is usually referred to as TSXV:CRE or CRE-X
In the last year, there was no coverage of Critical Elements Corp. published on Stockchase.
Critical Elements Corp. was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Critical Elements Corp..
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0 stock analysts on Stockchase covered Critical Elements Corp. In the last year. It is a trending stock that is worth watching.
On 2024-09-12, Critical Elements Corp. (CRE-X) stock closed at a price of $0.38.
As a developer, it comes down to the quality of CRE's assets. It has $40M cash, but no revenue, losses and negative cash flow. Insiders own 4.5% and management looks good (the CEO sold Rockwood for $6B). Its Rose Project (Quebec) is quite attractive, with an expected IRR of 82% and payback less than two years. The mine when built is expected to generate substantial cash flow over 17 years, with relatively low capital costs to build (though we would expect this to increase with inflationary pressures as other mines have experienced). Project financing should be completed by the end of this year, and first production could be in 2025 (though we always add time to management's expectations). Exploration potential in the area looks good and could add to economics. Overall, a very nice project in a good location. The stock is up 35% in a year but has struggled somewhat in 2023. Lithium prices moved lower and this has impacted the confidence of expected financing partners.
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