E3 Lithium Ltd V.ETL

Alternate Symbol(s): EEMMF

Metals & Mining Industrial Metals & Minerals

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.

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E3 Lithium Ltd

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Post by donteatbeyond2on Sep 02, 2024 4:32am

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New Press Release - E3 Lithium Files Q2 2024

E3 Lithium lost $48 million

GOING CONCERN

As at June 30, 2024, the Company has not generated revenues from operations and has an accumulated deficit of $47.6 million (December 31, 2023 – $42.8 million) including a net loss of $4.8 million (June 30, 2023 – $4.4 million) as at and for the three and six months ended June 30, 2024.

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