E3 Lithium Ltd. V.ETL

Alternate Symbol(s): EEMMF

Metals & Mining Industrial Metals & Minerals

E3 Lithium Ltd. is a Canada-based development company. The Company is focused on commercial development of lithium extraction from brines contained in its mineral properties in Alberta. Its Direct Lithium Extraction (DLE) on-exchange technology uses a sorbent designed to be selective towards lithium ions. Its technology reduces volumes of low-grade brine into a high-grade lithium concentrate, removing nearly all impurities. This produces a clean product for the development of high purity lithium compounds used in Li-ion batteries. The Company has measured and indicated lithium resources in Canada, with 16.0 million tons (Mt) measured and indicated Lithium Carbonate Equivalent (LCE), hosted in the Leduc Aquifer. In addition, it has 0.9 Mt of inferred mineral resources in its Rocky Area.

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E3 Lithium Ltd. > From a technical perspective

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Comment by Bookworm28on Oct 15, 2021 10:34am

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Post# 34009437

RE:From a technical perspective

AuAgLi8 wrote: - E3 needs to churn through a few million shares around $2.40 before it breaks out of this resistance level which previously offered support.
-From a substance point of view I can not find anything more undervalued at its present risk level.
-Chris and Team continue to derisk.
-Standard Lithium goes up $76 million to $1.8 Billion Canadian market cap, E3 maintains $128 million market cap.
- DYOc

I was thinking the same thing with regards to support at $2.40. The float is so small that if we get some bullish news on the lab-pilot the Sellers might let this thing settle in at a higher price on lower volume. It will be interesting to see what kind of news comes from the lab-pilot in the next couple of weeks.

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