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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 Yajneon Feb 20, 2024 5:15pm
105 Views
Post# 35889748

RE:RE:RE:RE:Why is nobody answering the question?

RE:RE:RE:RE:Why is nobody answering the question?E3 will have factored in the cost of licensing the third party tech when they determined that it was still the most economic alternative. I am not concerned one bit that they've chosen a third party DLE tech for the initial plant, in fact I'm relieved that it will likely be a DLE process that has been used in a commercial plant already, with more than just a short pilot run to demonstrate it's longevity/stability. Also, Chris has mentioned several times in the past that a third-party DLE process was a possibility, so no 180 as has been suggested by some. As was suggested by another poster, I also have a hunch that this decision might have been influenced by a possible financing source who would view such a decision as further derisking their potential investment. All JMHO.
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