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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 Dec 20, 2023 2:19pm
194 Views
Post# 35794266

RE:Somebody dumping today

RE:Somebody dumping todayPossibly. $200 million is a good start. Given the Feds pre-occupation with EVs and battery plants, I'd say it's quite likely E3 will be the recipient of more Federal dollars in the New Year.

I think most of today's selloff, since it's coming from RBC, is more likely a small investor who just has the urge to take a dump before the end of the year. Maybe tax loss selling, but maybe they just have a ton of cheap shares they want to lock in profits for - maybe to offset other losses. Hard to say. Great buying opportunity IMO. I have small order in for under $2. I don't really care if it gets filled today or not, no rush. Things will probably be pretty quiet until the New Year. GLTA.
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