E3 Lithium Ltd V.ETL

Alternate Symbol(s): EEMMF

Metals & Mining Industrial Metals & Minerals

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

E3 Lithium Ltd > Aug 24 Filing

<< Previous

Bullboard Posts

Next >>

Comment by My19sixyNineZon Aug 25, 2023 10:04am

124 Views

Post# 35605192

RE:Aug 24 Filing

The April 43-101 section 26.2 & 26.3 shows cash needs $16m. After that raised $5m. Treasury went to $19m & still to receive $3m from Govt = $22m. Chris said they keep minimum $3m in bank. So overall they're currently cashed up to commercial status. By then, they'll have Capx partners figured out too.

<< Previous

Bullboard Posts

Next >>

Anaergia expands relationship with PepsiCo