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.

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E3 Lithium Ltd > Hostile TAKEOVER at half price Nav

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Comment by PuerSimiaon Nov 23, 2023 4:12pm

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Post# 35750601

RE:Hostile TAKEOVER at half price Nav

LiAuAgScV wrote: -Some rough math on a HALF PRICE takeover bid.

-Nav from PEA IS 1.12 Billion U.S.X 1.37 exchange = $1,534,400,000 Canadian and divide by 2 .
Divide by 75,000,000 outstanding shares . $10.00 per share . I suspect NAV from PFS will be much higher.

- I wonder how many shareholders would take a $10.00 hostile takeover bid ?

- Draw Your Own conclusions.

I like your math, but 'hostile' would probably mean something like $4 or $5 bucks. I'd do a poison pill provision if I was E3. The only thing stopping a HT would be multiple competing bids. I think an HT makes a lot of sense. Get 'em while they're cheap.

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