Critical Elements Lithium Corporation (TSX-V: CRE | OTCQX: CRECF | FSE: F12) reported assay results on August 12, 2026, from four holes at its Rose West Discovery in Eeyou Istchee, Québec. The headline interval is 1.89% Li2O and 161 ppm Ta2O5 over 27.35 metres, with a peak of 2.70% Li2O over 10.50 metres.

The results come from holes RW-26-35A, RW-26-51, RW-26-52, and RW-26-58, targeting Pegmatites 2, 3, and 5 in the northeast main target area, per the company's August 12 news release on ACCESS Newswire. Broader zones returned 1.0–1.9% Li2O over intervals of 14 to 27 metres. The same composite that returned 1.89% Li2O also carried 161 ppm Ta2O5 across the full 27.35 metres.

Eleven holes totalling 2,073 metres have been completed in the northeast main target area to date, with work expanding or closing off pegmatites across a roughly 300 x 300-metre zone, per the August 12 release. The broader Phase 2 summer program targets a mineralized footprint of approximately 1,250 x 2,000 metres and aims to establish lateral continuity across at least two additional pegmatite bodies. The Rose West footprint has already grown six-fold since winter 2024, reaching 1,250 x 800 metres, according to the same release.

The program comprises 10,000 metres of systematic drilling with two rigs deployed at the 100%-owned property. As of a May 28, 2026 snapshot on Yahoo Finance, CRE carried a market capitalization of CA$90.50 million. No more recent balance-sheet or cash-position data was available at publication.

Analysis is being conducted at ALS Val-d'Or under stated QA/QC protocols, per the August 12 release.

The program's stated objective, as described in the August 12 filing, is footprint expansion and definition across multiple pegmatite corridors — not a resource-estimate update. The release does not characterize the program's scale or capital commitment in evaluative terms, and no executive quote was included in the text fragments retrieved.

On the broader market backdrop as of Monday, August 17, 2026: the Russell 2000 (IWM) was up 0.45% in session positioning, with the S&P/TSX Venture Composite closing at 970.17 on August 14, up 0.39%, and at 975.87 on August 12, up 0.96%, per confirmed data. No verified lithium spot price for August 17 was available from the sourced materials.

No comparable peer drill results or named competitor assays appeared in the source materials.

Per the August 12 release, the Phase 2 program continues with the stated goal of expanding the mineralized footprint toward the 1,250 x 2,000-metre target and testing lateral continuity on additional pegmatite bodies. Further assay batches from the 10,000-metre campaign are expected as the summer program advances.