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E3 Lithium Ltd. V.ETL

Alternate Symbol(s):  EEMMF

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

Comment by Loughatorickon Jan 20, 2024 3:18am
116 Views
Post# 35837092

RE:Last press release is telling

RE:Last press release is telling

Hi Dont,

Although E3's stock price has gone 10 % since the beginning of the year, other lithium companies stock prices have gone down that much in one day. The fact that Ms Boschman has a new job title, or that the AGM date has not yet been announced (the 2023 financial year just finished), or that a departing director sold some of his E3 holdings do not appear to be significant factors that would have any bearing on the current stock price. E3 has written that the PFS will be issued in the first half of 2024 (I myself expect a high NPV). 

E3's stock price is not in free fall, although it would be better if it rose in value like LBNK which has risen by 4% YTD.

Likely the main reason E3 stock has decreased in value is the decrease in the selling price of lithium.
However as E3 is not selling any lithium today or tomorrow, the current lithium price is of little consequence.

Thank you for your concern...we are doing fine.

Why don't you buy shares in a utility company and sleepy easy ?

p.s. You will note that my typing speed has no bearing on how fast you can read my response.

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