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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 Mar 31, 2023 10:29pm
191 Views
Post# 35373232

RE:RE:RE:Stock

RE:RE:RE:StockC'mon guys, give your head a shake. The next financing, if even necessary, will be at $10+ well after the Field Pilot Plant is operating and PFS is completed. The suggestion that it is going to happen now or within the next few months is simply uninformed and perhaps folks haven't done their DD. I don't believe we will see ANY financing even in 2024 since potential offtake clients will be competing to provide the capital for the first commercial plant, similar to GM's $650mil investment into Lithium Americas. There are lots of EV manufacterers that are trying to secure supply into the future. So the suggestion that E3 might be doing a PP at these levels are completely misinformed. DYODD
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