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 > I have to ask

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Comment by MrPeterson Dec 13, 2023 9:38am

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Post# 35781857

RE:RE:I have to ask

One thing IMO I don’t think they should have done was to resale 5,640,000 common shares (each, an “Offered Share”) at a price of C$3.55 per Offered Share (on a “bought deal” basis for gross proceeds of C$20,022,000 (the “Base Offering”).

Keeping in mind the SP at that time was above the 3.55.

It was not necessary at that time.

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