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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 13, 2023 9:46am
108 Views
Post# 35781889

RE:RE:RE:I have to ask

RE:RE:RE:I have to askI don't understand how that was not necessary. They need to fund continued development. They can do that in several ways: grants, raising equity, or taking on debt. They raised equity and diluted shareholders.  It's the least preferred but not unheard of and common for this stage of the company. What has you twisted here is that it did not benefit you at this time. If they took on debt, given they have no cashflow, how would they pay that off?  I believe you have some work to do before your opinion can be taken seriously. In fact, I good majority of people in this space are out to lunch on E3. 
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