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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 May 14, 2024 12:38pm
102 Views
Post# 36039067

RE:Being Pragmatic

RE:Being PragmaticI am with you.  Similar holdings, would love to buy more, but I am not confident that management has the ball here. I am not worried about insider selling/buying, but the management of the equity, debt, and progression of the commercial build and how they will bring that forward have me a little concerned. I suspect today is a more smoke show then anything...but by September they will be under pressure to release a significant NR...hopefully before August once PFS is completed and issued. 

It would not be wise to see now, but hold.  Those that bought at $5.8, might be waiting a LONG time to break even. 
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