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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 Jethro980on Oct 18, 2023 11:47pm
218 Views
Post# 35690229

E3 will end up like the Oilsands in alberta. Buy and Hold

E3 will end up like the Oilsands in alberta. Buy and HoldThe Oilsands, Alberta's oil rich zone holding the world 3rd largest oil reserves were for some time considered impractical and uneconomic. Mining oil from the ground?? Crazy right?   Well, look at the oilsands now. E3 is exactly the same as the concern is the low amount of lithium per litre but the facts like at the oilsands will win out. E3 has 16 million tons of Lithium in the aquafer. 16 million tons lets assume only 40 percent recoverable.    Folks that a market selling price of $192 Billion Dollars at todays prices.  Depletion in 50 years so thats 4 billion a year.     Yes, another Oilsands. buy and Hold.   
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