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E3 Lithium Ltd V.ETL

Alternate Symbol(s):  EEMMF

E3 Lithium Ltd. is a Canada-based lithium resource company. The Company is focused on commercial development of lithium extraction from brines contained in its mineral properties in Alberta. The Company’s Clearwater Project is located between Red Deer and Calgary 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 16.2 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 TripleEmon Feb 18, 2021 10:38am
143 Views
Post# 32595176

RE:'Splain to me this ...

RE:'Splain to me this ...
biscoman wrote: ETMC is Canadian exchange traded ... priced in Loonies, no?
EEMMF is US OTC exchange traded ... priced in dollars, huh?
Why don't the two trade in lockstep, up, down, sideways?
Seems the US version is seriously lagging ... a Contango situation. Been dropping behind since this rise began. Yesterday, ETMC appreciates 23%, EEMMF appreciates 19%. There is a whole $1 difference in their prices, not explained by the exchange rate.
Can someone school me on this?




Could have been just that it was at the end of the day. Ijust did the math at current share price US@4.05 EEMMF, ETMC came out to $5.15, and on ETMC was at 5.12 when i started to calculate it.

JMO, GLTA...

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