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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 29, 2023 11:37am
140 Views
Post# 35661762

RE:Volume

RE:VolumeI was thinking the same thing. I looked it up. Historically, the Budget impasse hasn't affected the market much. I think the Shorters have derailed things for now. I was hoping the shorts were related to opportunists involved in the financing, but that does appear to be the case. The smack down started 2 days before the KPIs were released, and we haven't been told what the Flow Rate KPI is yet, which has me concerned, but not others. Guys who spend $11 million on shorts hopefully acted on a whim, but unlikely. Then again it wouldn't be the first time. Bottom line, we won't know the answers until we see them in the rear view mirror. Until then, I'm ok for now, as my entry price was dirt cheap. Probably add more if we go under $3 again.
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