Critical Elements Lithium Management

Management criteria checks 2/4

Critical Elements Lithium's CEO is Jean-Sebastien Lavallee, appointed in Nov 2010, has a tenure of 15.08 years. total yearly compensation is CA$1.68M, comprised of 25.4% salary and 74.6% bonuses, including company stock and options. directly owns 3.34% of the company’s shares, worth €2.02M. The average tenure of the management team and the board of directors is 7.6 years and 7.4 years respectively.

Key information

Jean-Sebastien Lavallee

Chief executive officer

CA$1.7m

Total compensation

CEO salary percentage	25.4%
CEO tenure	14yrs
CEO ownership	3.3%
Management average tenure	7.6yrs
Board average tenure	7.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jean-Sebastien Lavallee's remuneration changed compared to Critical Elements Lithium's earnings?
Date	Total Compensation	Salary	Company Earnings
Aug 31 2024	n/a	n/a	-CA$124k
May 31 2024	n/a	n/a	CA$2m
Feb 29 2024	n/a	n/a	-CA$5m
Nov 30 2023	n/a	n/a	-CA$3m
Aug 31 2023	CA$2m	CA$427k	-CA$3m
May 31 2023	n/a	n/a	-CA$4m
Feb 28 2023	n/a	n/a	-CA$3m
Nov 30 2022	n/a	n/a	-CA$6m
Aug 31 2022	CA$2m	CA$404k	-CA$6m
May 31 2022	n/a	n/a	-CA$5m
Feb 28 2022	n/a	n/a	-CA$4m
Nov 30 2021	n/a	n/a	-CA$3m
Aug 31 2021	CA$653k	CA$473k	-CA$2m
May 31 2021	n/a	n/a	-CA$2m
Feb 28 2021	n/a	n/a	-CA$2m
Nov 30 2020	n/a	n/a	-CA$2m
Aug 31 2020	CA$397k	CA$325k	-CA$2m
May 31 2020	n/a	n/a	-CA$2m
Feb 29 2020	n/a	n/a	-CA$2m
Nov 30 2019	n/a	n/a	-CA$2m
Aug 31 2019	CA$508k	CA$398k	-CA$2m
May 31 2019	n/a	n/a	-CA$3m
Feb 28 2019	n/a	n/a	-CA$3m
Nov 30 2018	n/a	n/a	-CA$6m
Aug 31 2018	CA$1m	CA$298k	-CA$5m

Compensation vs Market: Jean-Sebastien's total compensation ($USD1.20M) is above average for companies of similar size in the German market ($USD472.15K).

Compensation vs Earnings: Jean-Sebastien's compensation has increased whilst the company is unprofitable.

CEO

Jean-Sebastien Lavallee (45 yo)

14yrs

Tenure

CA$1,681,744

Compensation

Mr. Jean-Sebastien Lavallee, P.Geo, has been Chief Executive Officer of Critical Elements Lithium Corporation (formerly, First Gold Exploration, Inc.) since November 2010 and served as its President from N...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jean-Sebastien Lavallee	CEO & Director	14yrs	CA$1.68m	3.34% € 2.0m
Steffen Haber	President & Director	7.8yrs	CA$787.48k	0.46% € 278.2k
Nathalie Laurin	Secretary & CFO	14.8yrs	CA$431.51k	no data
Yves Perron	Vice-President of Engineering	1.8yrs	CA$1.38m	no data
Marcus Brune	VP of Finance & Director	7.4yrs	CA$335.66k	0.023% € 13.9k
Nancy Duquet-Harvey	Senior Director of Sustainable Development & Environment	1.4yrs	no data	no data

7.6yrs

Average Tenure

55yo

Average Age

Experienced Management: F12's management team is seasoned and experienced (7.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jean-Sebastien Lavallee	CEO & Director	15.1yrs	CA$1.68m	3.34% € 2.0m
Steffen Haber	President & Director	7.6yrs	CA$787.48k	0.46% € 278.2k
Marcus Brune	VP of Finance & Director	7.4yrs	CA$335.66k	0.023% € 13.9k
Eric Zaunscherb	Independent Chairman	4.7yrs	CA$177.25k	0.11% € 69.6k
Ani Markova	Independent Director	3.2yrs	CA$120.50k	0.00046% € 278.8
Marc Simpson	Independent Director	11.7yrs	CA$121.25k	0.14% € 85.3k
Matthew Starnes	Independent Director	10.3yrs	CA$119.00k	0.20% € 118.2k
Vanessa Laplante	Independent Director	2.3yrs	CA$96.25k	0.00044% € 266.7
Maysa Habelrih	Independent Director	2.3yrs	CA$94.75k	no data

7.4yrs

Average Tenure

Experienced Board: F12's board of directors are considered experienced (7.4 years average tenure).

Critical Elements Lithium Management

Management criteria checks 2/4

Key information

Recent management updates

Critical Elements Lithium Corporation, Annual General Meeting, Jun 17, 2024

Critical Elements Lithium Corporation Announces Appointment of Sebastien Perreault as Senior Director Mines, Storage Facilities and Camp

Critical Elements Lithium Announces Appointment of Ms. Nancy Duquet-Harvey as Senior Director of Sustainable Development and Environment

Critical Elements Lithium Corporation, Annual General Meeting, Jul 13, 2023

Critical Elements Lithium Corporation Appoints Michel Clément as Senior Project Control Director

Critical Elements Lithium Announces Appointment of Mr. Andy Fortin as Senior Process and Commissioning Director

Recent updates

New major risk - Financial position

Forecast breakeven date pushed back to 2026

Critical Elements Lithium Corporation Receives Amended Certificate of Authorization for the Rose Lithium-Tantalum Project in Quebec

Power Nickel Inc. (TSXV:PNPN) acquired an additional 30% stake in Nisk project from Critical Elements Lithium Corporation (TSXV:CRE).

New minor risk - Shareholder dilution

Critical Elements Lithium Corporation Confirms Major Discovery At Rose West with Multiple Wide Lithium-Rich Intercepts

Critical Elements Lithium Corporation, Annual General Meeting, Jun 17, 2024

Critical Elements Lithium Corporation Completes Drill Program at Rose West Discovery and Intercepts Multiple, Wide Spodumene-Rich Pegmatites

New major risk - Share price stability

New minor risk - Market cap size

Critical Elements Lithium Corporation Provides Updates on Rose Lithium-Tantalum Project

Critical Elements Lithium Corporation Obtains Transport Canada Dewatering Exemption Necessary for the Development of the Rose Lithium-Tantalum Project

Critical Elements Lithium Corporation Announces First Grab Sample Results from the Newly Discovered Spodumene-Bearing Pegmatite Located Approximately 8 Km West of the Rose Deposit

Critical Elements Lithium Corporation Reports the Results of Exploration of Multiple Lithium-Tantalum Pegmatite Trend with Positive Prospecting Sampling Results on the Duval and Lemare Sites

New major risk - Financial position

Critical Elements Lithium Corporation Announces New Positive Feasibility Study for the Rose Lithium Project Generating an After-Tax NPV8% of USD 2.2B and an After-Tax IRR of 65.7%

New major risk - Revenue and earnings growth

Forecast to breakeven in 2024

Critical Elements Lithium Corporation Announces Appointment of Sebastien Perreault as Senior Director Mines, Storage Facilities and Camp

Critical Elements Lithium Announces Appointment of Ms. Nancy Duquet-Harvey as Senior Director of Sustainable Development and Environment

New major risk - Share price stability

Critical Elements Lithium Corporation, Annual General Meeting, Jul 13, 2023

Critical Elements Lithium Identifies New Lct Pegmatite Targets and Announces A Surface Exploration Program in the Nemaska Belt Portfolio

Critical Elements Lithium Corporation Reports Results from the Recent Infill Drill Program Completed on the Rose Lithium-Tantalum Project

Critical Elements Lithium Corporation Recommends the Approval of Hydro-Québec's Connection and Powerline Relocation Project to Power the Rose Lithium- Tantalum Project

Critical Elements Lithium Corporation Provides Corporate Update Regarding Its Exploration, Engineering, Permitting Activities

Critical Elements Lithium Corporation Appoints Michel Clément as Senior Project Control Director

Critical Elements Lithium Announces Appointment of Mr. Andy Fortin as Senior Process and Commissioning Director

Forecast to breakeven in 2024

Critical Elements Lithium Receives Certificate of Authorization for the Rose Lithium-Tantalum Project in Quebec

Critical Elements Lithium Corporation Appoints Hughes Périgny as Senior Project Manager

Critical Elements Complete Positive Engineering Study for Lithium Hydroxide Monohydrate Plant

Less than half of directors are independent

Critical Elements Lithium Corporation Announces Board Appointments

Critical Elements Lithium Commences Summer Exploration Program

Critical Elements Lithium Corporation, Annual General Meeting, Sep 13, 2022

Critical Elements Announces A Positive Feasibility Study for the Rose Lithium Project Generating

Critical Elements Lithium Corporation Successfully Produces Battery Grade Lithium Hydroxide in Pilot Plant Testing

Critical Elements Lithium Corporation Announces That the Québec Minister of Energy and Natural Resources Approves the Rehabilitation and Restoration Plan Concerning the Rose Lithium-Tantalum Mining Project

Critical Elements Lithium Corporation Announces an Exploration Program for 2022

Power Nickel Inc. and Critical Elements Lithium Corporation Announces Initial Results Have Been Received from Its Recent Drill Program at its 'NISK' Nickel Sulphate Project Near James Bay

CEO & Director recently sold €1.5m worth of stock

Director Jean-Raymond Lavallee has left the company

Independent Director Charles Main has left the company

Lomiko Metals Inc. and Critical Elements Lithium Corporation Report Bourier Lithium Project Update

GoldSpot Discoveries Corp. and Critical Elements Lithium Corporation Announce Results of Propertywide Comprehensive Data Review, Compilation, and Target Generation on Critical Element's New Block 16 and 7 Claims Within the Prolific Nemiscau Greenstone Belt in James Bay, Québec

Critical Elements Lithium Corporation Announces the Commencement of A Phase II Engineering Study

Critical Elements Lithium Corporation Announces That It Has Received Ul 2723 Ecologo® Certification for Mineral Exploration Companies

Critical Elements Lithium Corporation Provides an Update on the Rose Project

Critical Elements Lithium Corporation Provides an Update on Progress on the Rose Lithium Tantalum Project

New 90-day high: €0.88

Critical Elements Lithium Corporation announced that it has received CAD 15.00004 million in funding

Critical Elements Lithium Corporation announced that it expects to receive CAD 10.0001 million in funding

New 90-day high: €0.67

New 90-day high: €0.60

New 90-day high: €0.53

New 90-day high: €0.22

Critical Elements Lithium Corporation announced that it has received CAD 3 million in funding

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure