RE:RE:RE:RE:RE:Where is the government money? Happy new year Yajne and all other E3 shareholders.
I agree that there should be great interest in E3 by large companies with
deep pockets because we have the largest deposit. There may even be a bidding war.
Case in point is LithiumBank's Saskatchewan claim sale to
Pristine Lithium for $ 3,750,000 cash (plus shares and warrants) in July 2023
which was terminated in December 2023 when another company prepaid
LithiumBank for an option to purchase same for $ 8,000,000 cash.
LithiumBank in turn paid a sizeable break fee to Pristine Lithium.
Note that the option purchaser was not identified in LithiumBank's press release.
The option agreement appears to have been drafted to
conceal the identity of the option purchaser from the public. For example, public
records will still show that LithiumBank holds title to the Saskatchewan claims.
In regards to E3's PFS, I am not sure how this could be drafted until all pilot testing has
been completed. As such, I do not expect that the PFS will be be completed until the end of Q2.
I have high hopes for E3 in 2024. One would think that as POSCO hasn't announced any
Alberta investments to date, E3 is still being considered. As Esso is now undertaking
DLE projects, one would think they might want Imperial to take a sizeable stake in E3
to obtain some of E3's expertise. To my mind, E3 is a very attractive target.
It is possible that E3 is waiting until PFS is complete before entering into final negotiations
in order to maximize shareholder interests.