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E3 Lithium Ltd V.ETL

Alternate Symbol(s):  EEMMF

Metals & Mining Industrial Metals & Minerals
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

E3 Lithium Ltd > X's move why IO doesn't hold E3 shares?
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Comment by LiLuv66on Nov 16, 2023 2:28am
143 Views
Post# 35738407

RE:RE:RE:RE:RE:RE:RE:RE:X's move why IO doesn't hold E3 shares?

RE:RE:RE:RE:RE:RE:RE:RE:X's move why IO doesn't hold E3 shares?

So, the exercise of 3.4 million shares would increase the total number of outstanding shares (currently 74.75 million) by approximately 4.55%. This dilution could impact existing shareholders by reducing their ownership percentage in the company. However, the exact impact on the stock price would depend on various factors such as market conditions, investor sentiment, and the company’s performance.

If I am correct. As to why they wait?  Not sure except, I think, the better the news, the better the exercise of warrants since they cost $1.86 and hopefully less bad effect on dilution....

Will see in 7 months....

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