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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
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Post by My19sixyNineZon Sep 21, 2023 9:14am
204 Views
Post# 35647072

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Why would IO put $6.5m towards the pilot, & not take possession of the shares? Is it because they plan on taking a run @ E3 & putting those shares into the E3 count, would be like bidding against themselves? It's an extremely small float.

 

Feb 13th, 2023:

Imperial Oil Limited has the only remaining warrants, which have been prepaid.

 

There are 3.4 million warrants that remain outstanding related to the Imperial Oil Limited investment. These warrants, which expire in June 2024, have been prepaid and E3 has received a total of $6.35 million. E3 currently has a total of 64.4 million shares issued and outstanding.

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