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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 Loughatorickon Oct 05, 2023 11:50am
109 Views
Post# 35671166

RE:RE:RE:Elephant in the room

RE:RE:RE:Elephant in the room

I don't know what further information Chris would need to provide. Stock options are added to taxable income (FMV less option price) when the options are exercised, so the insiders will incur a tax liability and some have chosen to pay their liabilities through sale of a portion of their E3 holdings. I understand that the tax liability does not have to be paid to April 30th but E3 does not control the actions of their executives or directors.

Insider trades are public information.

The last time I looked, insiders owned a fair bit of E3 stock which gives me confidence in holding my investment in this.company. I noted that Chris owns a big chunk of stock.

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