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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.


TSXV:ETL - Post by User

E3 Lithium Ltd. > E3 might get some PR from this, IO investment is mentioned.
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Post by NoBigDealbclon Nov 13, 2023 11:49am
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Post# 35732069

E3 might get some PR from this, IO investment is mentioned.

E3 might get some PR from this, IO investment is mentioned.

"In the long term, lithium really is a global opportunity," said Dan Ammann, president of Exxon's Low Carbon business unit. "We are starting here because there is an urgent need to ramp up domestic production of these critical materials."

The largest U.S. oil company said it would use conventional oil and gas drilling methods to access lithium-rich saltwater from reservoirs about 10,000 feet underground and then use direct lithium extraction (DLE) technology to separate lithium from the saltwater.

Ammann did not disclose how much Exxon intends to invest in the lithium business, or when it might become profitable.

The company's majority-owned Canadian affiliate, Imperial Oil, also has invested in a lithium-extraction pilot project in Alberta, Canada.

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