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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

Post by My19sixyNineZon Oct 18, 2023 5:53pm
170 Views
Post# 35689947

E3 now qualifies for DOD DPA 5 yr funding....

E3 now qualifies for DOD DPA 5 yr funding....A section of DPA allows DOD to invest in projects they believe will be Stand Alone ability, within 5 years. If you're unsuccessful, you have to repay a portion & are DOD blocked until done so. I learned all about their crazy dept contracts in 2010 when looking @ rare earth potential funding & etc.. 

But.....the recent ALB contract is a perfect example of the  5 yr window contract. Now look @ it & can not tell me E3 dosen't now also qualify for some of those DPA dollars.

Today's news opens the window to so many things we've been wondering about. All kinds of potential news.
Yay Yay!!

https://www.defense.gov/News/Releases/Release/Article/3522657/dod-enters-agreement-to-expand-domestic-lithium-mining-for-us-battery-supply-ch/

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