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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 Mar 02, 2023 10:10am
163 Views
Post# 35314926

E3 has already signed some MOU's

E3 has already signed some MOU's

Fom the release, some offtake MOU's have already been signed:

Offtake Contracts: E3 is active in developing relationships with the battery and automotive industries as it moves through the next phase of project development in 2023. E3's strategy has been to develop meaningful agreements that provide binding provisions for the development of future sales contracts. E3 has signed non-binding Memorandums of Understanding (MOU) with battery and automotive manufacturers, however, has elected to keep such MOUs confidential to allow for the continued negotiation with additional parties

I also especially like this statement that suggests even earlier route to commercial production:

Working with E3's Significant Resource Base: E3's significant resources in the Bashaw District, and the untapped potential of the Rocky Area and north, may offer opportunities to partner with larger companies on developing its assets that may assist in securing funding and advancing its timeframes

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