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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 Wanderer1187on Nov 14, 2023 3:00pm
205 Views
Post# 35735113

E3, REEs potential

E3, REEs potential

From the PEA, here is the metals breakdown. Now, Boron is pretty cheap so probably not worth it there, though you never know. However, Strontium is essential in for ferrite magnets (and since Tesla moved away from REEs in their motors, it's highly likely that it's ferrite magnets with strontium additives) and the best price I could find is roughly $5,400/ton.

With strontium 15x more abundant in the brine than lithium, let's say they only produce 1x ton of strontium per 1x ton of lithium, I believe that would still justify any additional CAPEX for strontium production. And that would theoretically cover the OPEX costs of both, making the lithium free.

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