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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 Jul 26, 2024 2:15pm
113 Views
Post# 36150300

RE:E3 is turning out to be a pos

RE:E3 is turning out to be a posWell management appears to have timed the equity raise well given the SP is so much lower now. Obviously there was some funky stuff going on in the background with the bought deal offloading shares at higher prices. 

Management has not provided much value to date in my opinion. That PFS was a bomb to the share price. Without a partner, there is no way to fund this project and there is downward pressure in terms of pricing and supply/demand from auto makers. 

Management best put on their big boy pants and get a offtake or partner onboard to clear the sky's on the path forward on this project. 
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