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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 TheWokeLemmingon May 16, 2024 2:28am
201 Views
Post# 36042667

My take on Insider trading question

My take on Insider trading question

As many of you know, this is a focus of mine.  While I was pleased to hear the question addressed in the webinar, I wasn't thrilled with the explanation.  

There was an explanation on selling and taxes, which would be acceptable up until the sells of January and February of 2024, which in my mind was a significant factor in driving share price down from the 2.20 level. I also was disappointed that nothing was discussed with the lack of buying by insiders.   Yes, share counts may be growing, but using options to do so isn't the same as putting your own skin into the game, as we shareholders have to do.  The issue was obviously side stepped.  

Im going to re-listen to the webinar this weekend to clarify my own thoughts on it, but I will relay that the piece mentioning that the PFS is to be expected by the end of June is welcome news as I expected a further delay.  For Chris to raise expectations this closely to the end of the quarter gives me confidence that it will now happen. 

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