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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 Yajneon Nov 01, 2023 12:37am
207 Views
Post# 35710572

Moving forward like a machine..

Moving forward like a machine..Milestones continue to be checked off in E3's corporate deck (slides 15&16)
https://www.e3lithium.ca/_resources/presentations/corporate-presentation.pdf?v=0.595

I happen to believe E3 has derisked this massive resource and project that should reflect a $10 sp currently. However, it appears that lithium in general is currently out of favour with an oversupply in the very short term and many players have felt the brunt. All short term stuff IMO that will reverse when markets start focussing on the long term supply/demand outlook once again. Frustrating in the short term but I'm prepared to be patient because I believe E3 is methodically taking all the correct steps in moving their massive project forward. Next catalyst IMO will be E3 formally increasing their capacity for the first commercial plant to 30K TPY of LHM from the 20K in the initial PEA that's now >2yrs old. The wild card catalyst which could emerge any time is an off-take client or other major commiting major funds toward the commercial plant. Or perhaps even a complete buy-out. We're getting very close to that time when either of these could happen IMHO. DYODD
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