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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

Comment by PuerSimiaon Nov 20, 2023 12:50pm
90 Views
Post# 35744637

RE:RE:RE:RE:Realistic share price?

RE:RE:RE:RE:Realistic share price?Here's a pom pom wave. If you want to criticize their Insider sales, please come up with some numbers to show that they've sold more than they needed to, to cover their options tax liability.

As per my previous update, I was calculating Chris's tax bill based on capital gains, which was wrong. The tax bill, considering the gain on the options are treated as an employment benefit. It's not as favourable as capital gains, and the tax bill appears to be much higher.

I didn't  update my numbers because the calculations care quite involved, depending on several variables, none of which anyone on this Board will know the answers to. Google employee options and you'll see what I mean. The consensus is, hire an accountant to figure it out.

if anyone on the Board is an accountant, who's familiar with taxation for options for Canadian employees of Canadian public companies, please chime in.


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