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 > Li Price/ton in CNY

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Comment by PuerSimiaon Jan 10, 2024 1:02pm

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Post# 35819706

RE:Li Price/ton in CNY

Dibah420 wrote: Nov 2020 46,000 CNY
Nov 07 2022 600,000 CNY (peak)
Jan 2024 95,500 CNY

Latent value in Alberta brine is not unrelated to commodity.
There are some projections of tightening supply by 2028.

Cheers

E3 is looking pretty good, even at these prices. At an exchange ratio of 7:1 CNY to the U.S. dollar, the $95,500 CNY is equivalent to $13,600 U.S.. Pretty much what E3 used, $14,079 U.S., in their PEA. Also very do-able with an expectation of $3,656 per tonne OpEx.

Kudos to the team for estimating a reasonable number of $14,079 U.S. per tonne of LHM.

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