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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 Sep 04, 2024 12:15pm
88 Views
Post# 36208139

RE:RE:RE:RE:RE:RE:Not good times

RE:RE:RE:RE:RE:RE:Not good timesAll correct comments from my point of view. If there is a reduced demand, the price lowers to apply demand pressure in the market and supply then picks up. It's simple supply/demand in action. I hope E3 has a place in that future market, but it really comes down to economics and government policy. I fear the 2025 election will see a changing of guard, it's hard to say where E3 will be then. For now, spending on a demo is not cash well spent unless it is being done to meet conditions of a favorable off take deal. The news release did not state anything to that effect and as a result shareholders are in the dark. This tells me there is something in the works but its not binding. Shareholders could be flushing money down the drain here. Hense, management is not doing a great job over at E3 comments. 
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