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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 29, 2024 4:20pm
133 Views
Post# 35851288

RE:RE:WT?

RE:RE:WT?Investors shy away from uncertainty.

Last year E3 stated that they expected PFS to be completed in Q4 2023 and released in Q1 2024.
In the December 5, 2023 NR, E3 stated that they expected PFS to be released in the first half of 2024.
The delay appears to be caused by the current testing of the 2nd DLE process.

E3 appears quite aware of the problem, the December 5, 2023 NR listed the items that E3 expected to disseminate by Q2 2024:
(a) PFS,
(b) proven lithium reserves,
(c) downstream equipment supplier, and
(d) DLE process winner

This information should diminish the uncertainty associated with E3 stock.

I look forward to results of the 2nd DLE testing. They started the testing by at least early November, so at least 2 3/4 months of testing. Until this information is available, I don't see how the December NR deliverables can be completed.

E3 has hired several new employees, let investors know of cash position, and provided update on news re Nisku. All good, but the essential information from investors' point of view is not yet available.
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