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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

Post by MrPeterson Mar 12, 2024 7:26pm
170 Views
Post# 35929466

Its a Tough Hard Road

Its a Tough Hard RoadI dunno, having 16M tonne is one thing, getting it out of the ground now seems to be another thing.  After reading an earlier post.  I thought months ago (my Fault) that E3 would be using a proprietary in house DLE. But now I know that is not the case, so,whose DLE is E3 going to be using.
in part:
"DLE, though still in its infancy, and  is being tested in dozens of sites across the world, from Chile to California,
However, that accomplishment comes with a caveat: less than a third of published DLE experiments have been conducted on real-world brines and every site will require a tailored approach.
Exxon announced a 2027 target date for commercial production and claims it will produce enough lithium by 2030 to power a million electric vehicles. It’s now shopping for a DLE technology to license.
 
Despite the excitement over the potential of DLE, there are still questions that scientists need to address
studies of the lithium mining industry, notes that despite industry claims, DLE’s water usage remains a major unanswered question. “Depending on the circumstance of the operation, it may even be more exhausting and depleting of water resources” than other types of lithium mining, In the ion-exchange process, for example, fresh water is needed to rinse sorbents from the lithium.

We need some good news maybe the PFS will help. Announcing a Partner would also be good.
gl

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