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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

Post by Yajneon Jul 11, 2022 11:09pm
195 Views
Post# 34817004

E3 doing everything right IMO

E3 doing everything right IMONo flashy 'oversell/overpromise'. They just keep moving along methodically, step by step, toward commercialization. And so far (knock on wood) every step seems to be forward, not backward. IMO this management team are the real deal. The NR today should have doubled the stock based on reserve valuation but moved the needle only 10%. IMO this is due to E3 still being relatively 'off the radar'. Excellent time to accumulate it you believe they will continue forward to success. I don't think Roth had included this reserve increase when they recently confirmed $6.75 target price.With a comparative valuation versus Standard Lithium, based on metrics, E3 would be trading at $20+ today. There are still several catalysts in the works during 2022, starting with success on their drilling program and upgrade of their reserves. I personally expect a 2022 exit sp of over $7 but that's just my opinion. As always DYODD
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