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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 MrInveston Jul 17, 2024 1:31pm
190 Views
Post# 36136940

All in Favor

All in FavorWell looks like shareholders voted to approve all items at the AGM. What we are doing now is saying the current status of Management is acceptable and will provide the means to bring the company forward. If this was the case a "Damage Control" presentation would not be required 2 weeks after a major news release. 

Tina was just given 300,000 shares which is not too bad considering. Shareholders better get ready for significant amount of equity being given out at these low stock prices and future vesting and cash out in 3-5 years. I guess the one positive thing is that internals will be motivated to move things along. But at the cost of shareholder value not geterated cashflow. 

Who knows what the future brings here with E3. Still got my fingers crossed but it looks like micromanaging Chris is here to stay. 
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