Glossary term

preliminary economic assessment

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

Officially defined term1 formal definition

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

View official source

Practical application

Implementation records should capture the assessment identifier, extractive-waste source, critical-raw-material target, viability assumption, project scope, assessment date, method limitation, and separation from feasibility studies, permit approval, strategic-project designation, or supply commitments.

Minespider commentary

Preliminary economic assessment is an early-viability assessment control: the evidence consequence is that extractive-waste recovery potential can be tracked as a conceptual opportunity without overstating reserves, supply security, financing, or compliance.

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.