The Globe and Mail reports in its Friday, June 23, edition that iA Capital Markets analyst Sehaj Anand rates Critical Elements Lithium "speculative buy" in new coverage. The Globe's David Leeder writes that Mr. Anand set a share target of $5. Analysts on average target the shares at $4.71. Mr. Anand says in a note: "Critical Elements Lithium Corp. is a Quebec-focused hard rock lithium developer currently advancing its flagship Rose lithium-tantalum project, located in Quebec's James Bay region. Rose is a feasibility stage project, which is fully permitted for construction which is expected to begin in H2/C23. We estimate a 16.5-year mine life. ... While the grades at Rose are lower (less than 1 per cent Li2O, excluding Ta) compared to other hard rock lithium mines/projects around the world, the deposit has high purity (low iron oxide and mica content), allowing for better recoveries and production of technical-grade spodumene concentrate (used in glass/ceramics), which garners premium pricing compared to battery-grade spodumene concentrate. The James Bay region has recently become a hot spot for lithium exploration and extraction with several major lithium players operating development projects."