Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 May 26, 2023 11:01am
138 Views
Post# 35465741

RE:Going Forward

RE:Going ForwardShackle, there are several 'boiler-plate' type statements in the MD&A that all venture-based companies contain. In E3's case, no capital raise is required during at least the next 12 months, which is contained in the statement below. If capital is raised earlier, IMO it will 'opportunistically', such as an offer from an end user to front major capital to construct commercial plant. This could happen at any time when field pilot is running and has proven the DLE tech in that scale in a real life scenerio.

From footnotes in financial statements:
As at March 31, 2023, the Company has positive working capital of $16.7 million and does not foresee a shortfall in capital within the next twelve months.
<< Previous
Bullboard Posts
Next >>