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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 MrInveston Dec 05, 2023 7:41pm
136 Views
Post# 35770125

RE:Patience

RE:PatienceI agree with your post in part. E3 has been pretty quick to release positive news from what I can see. I would rather E3 take the time now to properly design and engineer the commercial plant rather then rushing it now and potentially result in higher costs and delays in the future. Having worked on major projects on this scale before, it is very negative when to rush front end stages of projects. 

That being said, and too your point, it could not hurt to have a current status report. But they did issue a minor update and path forward today. 

As long as capital costs do not go through the roof, I think E3 has things under control for what they can control. I am not losing sleep on this one, in fact I may increase my position with the $7k TFSA contribution in 2024. 

Think about it this way, how many times did Tesla bounce before it went to the moon. Learned my mistake on that one. 
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