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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 Mar 18, 2024 11:53am
91 Views
Post# 35938418

RE:RE:RE:RE:RE:In the ground

RE:RE:RE:RE:RE:In the ground I am kicking myself for not selling at 5.80.  I see the $4+ in the cards, but $5+ I am not seeing.  That is based on 20,000 per year though....if they get to 120,000 as they have been presenting, then this can go much higher. I am holding as $1.6 is a discount given the forward risk seems to be minimal for a no-go scenario. Now at what capital cost is the question (I assumed $1B) and God help me at what capital structure (debt vs equity). So far it's been mostly equity raises and dilution, that makes sense to a point, but E3 needs to raise debt soon vs equity if they want any increase in share price going forward. 

There are a lot of disappointed shareholders out there on this one who bought at the $3+ dollar equity raise. These SH will vote them out if they don't get their act together. 
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