Glossary term

preliminary economic assessment

A CRMA early-stage assessment term for the potential economic viability of recovering critical raw materials from extractive waste.

1 official sourceSingle-source term

What does preliminary economic assessment mean?

Preliminary economic assessment is the CRMA concept for an early-stage, conceptual assessment of whether recovering critical raw materials from extractive waste may be economically viable. It is not a bankable feasibility study, reserve statement, permit approval, strategic-project designation, or proof that recovery will actually happen.

Source context

This page is anchored in CRMA Article 2, point 39. It links the extractive-waste context to early project evaluation, but it should stay separate from reserves, extraction capacity, permit-granting process, and commercial supply commitments.

Official definitions by source

EU Critical Raw Materials Act

Regulation (EU) 2024/1252 establishing a framework for ensuring a secure and sustainable supply of critical raw materials

an early-stage, conceptual assessment of the potential economic viability of a project for the recovery of critical raw materials from extractive waste

CRMA Article 2 source-specific definition layer.

Reference: Article 2, point 39

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Practical application

Use preliminary economic assessment when documenting early viability work for a project focused on recovery of critical raw materials from extractive waste. It helps separate conceptual opportunity screening from detailed technical studies, permits, financing, offtake, and operational recovery evidence.

Minespider commentary

This is where extractive-waste potential starts to become a project question. Minespider treats preliminary economic assessment as a cautious early-stage signal: useful for opportunity mapping, but not enough to support claims about reserves, supply security, delivery, or compliance on its own.

Common confusions

  • A preliminary economic assessment is not a bankable feasibility study or final investment decision.
  • It does not prove that reserves exist or that recovery of critical raw materials will occur.
  • It should not be treated as permit approval, strategic-project designation, or commercial supply proof.