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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 FatsDominoon Jun 07, 2023 1:52pm
159 Views
Post# 35484842

RE:Still wondering why

RE:Still wondering why
Shackle12 wrote:
Kant flog a dead horse but it still makes no sense why they wanted to dilute the SP at this time?
thay had already released they were ok Financially so the 5M wasn't needed. And if their Pilot Prj. Comes Proof Positive of being commercially viable the 5M once again won't be necessary. 
So why a PP now? Some things just ain't right and this is one of them.
have to let this rest

gl all longs

they just are not as confident in the project as they would have you believe. That is whey they took $5mil at 17% below market value, crushing all those loyal sharholders who bought their story. They KNOW this is going to take longer and cost more $$$ than they had hoped.
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