E3 Lithium Ltd V.ETL

Aug. 2nd, 2023:

[My19sixyNineZ]

Albermarle earlier this week, said it would pay $82.6 million for a 5% stake in Canada-based lithium developer Patriot Battery Metals (PMET.V)."

 

Hard rock mine that is yrs from production.

 

Current share price $8.

110m shares outstanding.

100m shares float.

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Chris Doornbos on Friday: 

"we are getting very close"

 

[My19sixyNineZ]

https://www.reuters.com/markets/commodities/albemarles-2nd-quarter-profit-jumps-66-rising-lithium-prices-2023-08-02/

[My19sixyNineZ]

Woops -- hard rock explorer -- not a mine.

[Yajne]

I believe Abermarle is the worlds largest lithium producer, estimating100 kt LCE production in 2023, split evenly between Lithium Carbonate and Lithium Hydroxide. As a huge conglomerate they also have many other mining interests. Check out their corporate presentation, specifically page 10 for lithium sales volumes: https://s201.q4cdn.com/960975307/files/doc_earnings/2023/q2/presentation/Q22023

[Yajne]

Pardon me, "Albemarle", my bad spelling. I also noticed this on pg.4 of their corporate deck. That's >20,000 mt/year for 5 years.  Established strategic agreement with Ford to supply >100,000 mt lithium hydroxide over 2026 to 2030