E3 Lithium Ltd V.ETL

Alternate Symbol(s): EEMMF

Metals & Mining Industrial Metals & Minerals

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.

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E3 Lithium Ltd > Red Cloud Securities - price target on ETL - $8.20 / share

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Comment by Yajneon Jul 14, 2022 10:39pm

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Post# 34825845

RE:Red Cloud Securities - price target on ETL - $8.20 / share

Amen ndiamond. Thanks for posting this. Red Cloud describes the benefits nicely, with one exception...the publicity that a deal with Imperial Oil brings also contributes greatly to E3 exposure and investor awareness. Can't really put numbers on that but it is definitely valuable with new investors coming in and the investor base broadening. Great times ahead!!

ndiamond wrote: From Red Cloud Securities :

Yesterday, E3 Lithium increased its LCE resources by 243%.

E3 Lithium (ETL-CN; BUY – C$8.20 target) – July 13:
Last $2.50/sh, C$148M mkt cap
· E3 Lithium is developing its 100%-owned Alberta Li-brine project, located near Calgary, AB. Yesterday, the company provided an updated inferred resource estimate, increasing resources from 7.0Mt LCE to 24.3Mt LCE (+243%). We view this update favourably as the project now ranks as the largest lithium brine deposit in Canada, and amongst some of the largest globally. Recall, the project recently caught the eye of Imperial Oil (IMO:CN, not rated; C$35B mkt cap) where Imperial will help advance the project by providing technical support, access to its freehold lands and an investment of $6.35M into E3. This is the first time we have seen an oil company of Imperial’s size venture into lithium, which marks a historic event for the Canadian resource sector.