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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 Yajneon Jul 19, 2022 11:12pm
145 Views
Post# 34836112

RE:RE:Red Cloud update

RE:RE:Red Cloud updateFurther to this, after reviewing the Red Cloud update closer, it appears that drilling is complete on the initial well. The report included this line on top page 3 "The well was drilled to a ~2,600m depth using a traditional oil rig"

Not sure why E3 chose to wait to NR that drilling complete, except possibly to review the well logs that were likely run after the well reached TD (total depth). The photo is consistent with the competion of drill with the drilling rig derrick layed down in the photo. If flow testing is required. they will likely replace that drilling rig with a smaller service rig to conduct the completion and testing

Hoping we'll hear something from E3 in the next few days on success of the first drill.

Yajne wrote: Excellent in-depth update from Red Cloud!! Thanks GMon for the link

GMon wrote:
https://cdn-ceo-ca.s3.amazonaws.com/1hdaq8j-20220718-ETL-Site-Visit-1.pdf

Update from Red Cloud's site visit.




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