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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 May 26, 2023 2:48pm
156 Views
Post# 35466224

RE:RE:RE:Going Forward

RE:RE:RE:Going ForwardThe 16.7M on the books does not reflect the SIF funding that is still waiting. So far only $4M drawn from SIF of the $27M that was awarded to E3. I agree Shackle that these don't reflect the large $$$ needed when they move forward toward with commercial plant. However, I don't see it as a large capital raise on the market. I still maintain that end users will be competing to provide most or all of that capital when field pilot completely de-risks this play. If by chance a takeover does occur it will be at a huge premium (many multiples) IMO.
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