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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 PuerSimiaon Sep 19, 2023 11:07am
164 Views
Post# 35643355

RE:Not a Shorter

RE:Not a Shorter
MrPeters wrote: But sure wish I were.How far down is this going to be pushed??


I'm not a shorter either. I don't know so much that the stock is being 'pushed' lower. I think, as per my previous post, the stock was being shorted by those participating in the recent financing. It's not unusual. It's not great or particularly ethical IMO, but it's pretty standard. A more orderly financing (e.g. IOL taking shares), would have been better. Who knows, maybe Chris is PO'd with the way this went down too.

The stock may be 'pushed' lower, from here, but I don't think so. I think it may drift lower, but only because we need to know what the KPI is for the flow rate. IMO, that's the only thing that's holding us back. The market hates uncertainty. Re: The flow rate KPI....

"Flow Rate: The flow rate ratio is a measure of the rate at which the lithium can be extracted from the brine within a fixed capacity. The higher the ratio, the smaller the DLE commercial plant required, which is a proxy for the capital costs of this system."

GLTA
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