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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 Aug 21, 2023 12:40pm
104 Views
Post# 35598057

RE:RE:RE:Ask Bing

RE:RE:RE:Ask BingThe Cdn Govt investment was actually $27million from Strategic Innovation Fund announced in November 2022. It provides E3 with reimbursement of ~34% of eligible costs up to $27 mil total so it wasn't a lump sum received, it is received gradually as expenditures are made.

https://www.e3lithium.ca/newsroom/news-releases/e3-lithium-receives-27m-investment-from-the-government-of-canadas-strategic-innovation-fund
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