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Critical Elements Lithium Corporation: Critical Elements Closes $15 Million Bought Deal Private Placement of Units MONTREAL,QC / ACCESSWIRE / February 11, 2021 / Critical Elements Lithium Corporation (TSXV:CRE)(OTCQX:CRECF)(FSE:F12) ( Critical Elements or the Offering ) of 13,636,400 units (each, a Unit ) of the Company issued at $1.10 per Unit (the Issue Price ) for gross proceeds of $15,000,040. Each Unit of the Company consists of one common share in the capital of the Company (a Common Share ) and one-half of one common share purchase warrant (each whole warrant a Warrant ). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $1.75 for a period of two years following the closing of the Offering.

United statesParadigm capital incCritical elements lithium corporationCompanya common shareUnit of the companyPrimero groupRaymond james ltdCantor fitzgerald canada corporationVenture exchangeRegulation services providerEach warrantCommon shareRaymond jamesCo lead underwritersEach compensation warrantIssue price