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E3 Lithium Ltd V.ETL

Alternate Symbol(s):  EEMMF

E3 Lithium Ltd. is a Canada-based development company. The Company is focused on commercial development of lithium extraction from brines contained in its mineral properties 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 16.0 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 Sep 03, 2024 9:22pm
69 Views
Post# 36207279

RE:Not good times

RE:Not good timesMr. Peters....good to see you back.  I have been shamed into a corner here with my "negative Nelly" comments about E3, but I agree with your statements above. Additionally, with the new OPEC+ increase in production, oil prices migjt continue to go down and that is negative to EV sales as gas prices should move down as well. 

Chris did say the summer would be quiet, but I do not see anything positive happening in the next year on this stock.  With this demo spend, and without further details, it's downward pressure on the stock. Not long E3 will have a cashflow problem and at these prices, thats bad dilution unless they raise debt with favorable warrent terms to the debt buyers. 

I will be happy to turn back positive when E3s management gives me something to be positive about. Right now, there is no reason to be positive. 

With that said.....let the haters hate and let the smart listen. 
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