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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 Aug 26, 2024 10:09pm
103 Views
Post# 36197097

RE:No to China.

RE:No to China. This is a bit of a mixed bag and may or may not be good news for E3. Demand is slowing down for EVs and a lack of cheaper China EVs will not help adoption of domictic EVs....not unless domestic supply goes up to keep the price down. So E3 may win if demand keeps up and supply follows. Government will have to boost EVs incentives or tax the alternative ICE.  I don't see the 2025 government imposing taxes on ICE and JT is out of time. 

It's for sure bad news for other Canadian industries that we export to China. This will impact oil and agriculture. But if the US was putting the pressure on Canada to duplicate the tariffs, not much choice in the matter. This will also increase the cost of solar installation as leading panels are from China. 
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