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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 Loughatorickon Oct 20, 2023 12:20pm
179 Views
Post# 35693205

Black Gold

Black Gold

E3 goal is to process brine in order to extract lithium (and perhaps other minerals).
To do this, E3 will be drilling deep wells to bring brine to the surface and other wells
to return the processed brine. At Investor Day, Chris mentioned drilling multiple wells
from one well head.

At present, natural gas from the pilot plant is vented before the brine enters the
pilot plant. 

When commercial operations begin, I assume that natural gas 
would be collected and sold without affecting brine
processing ( if economic).

Is it possible that oil might be struck ? Would E3 simply drill deeper to collect
the brine ? 

Just day dreaming....


 

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