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. > Meanwhile ,back at the ranch...

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Comment by jcw604on Aug 18, 2022 6:51am

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Post# 34904046

RE:RE:Meanwhile ,back at the ranch...

You are more optimistic than Redcloud.

Yajne wrote: Agreed AuAgLi8, even simple 'back of the envelope' calcs suggest that SP should be higher by 60X. Only thing missing now is continued validation and derisking. IMO the market has not yet seen a commercial brine project of this scale so has not yet rewarded E3. However this should begin to change during balance of 2022 as E3 delivers on their plan and samples from the field pilot are sent to potential offtake partners. Then the sheer size of their resouce should finally get the attention it deserves

AuAgLi8 wrote: - Unlike Goldman Sachs recent predictions the price of lithium carbonate in China has risen to over $76,000. U.S. in the spot market over the last couple weeks taking small but steady increases .
This reflects the continuing long term strain on supply that the Gurus in the lithium space preach about. Supply will unable to keep up with demand for anywhere from 3 to 7 years all things being equal.
I believe the price on renewing long term supply contracts will be in excess of $25,000. per tonne.This bodes well for ETL and its financials for the upcoming P.F.S.. E3's P.E.A. was based on a selling price of $14,079. per tonne lithium carbonate.
The new math works well with E3's original P.E.A.,can You imagine what is does with a resource that has over tripled in size to the largest resource of lithium in the world that is documented at this time and at a lithium carbonate selling price at least 50% higher. The original P.E.A. valued E3 at $1.1 billion U.S..
All this for the mere price of $143,000,000. Canadian as of August 16/2022.

-Draw Your Own conclusions.