Bullboard - Stock Discussion Forum 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... see more

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E3 Lithium Ltd > HEY ALL

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Post by diamondlessnono on Nov 28, 2023 12:18pm

HEY ALL

Any reason why insiders sold shares in Nov/23?

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Comment by PuerSimia on Nov 28, 2023 12:53pm

There was only one Insider selling on Nov 23. As per an earlier post from this AM, that was Michael O'Hara, who sold 11,100 shares at $2.64. And, as mentioned earlier, it was to cover his taxes payable on his ~$200,000 gain from exercising 100,000 options at 0.70/share, on November 6th. I hope this helps. GLTA.

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Comment by PuerSimia on Nov 28, 2023 1:09pm

Oops, misinterpreted your question. The same applies to Chris's sales. As per his Oct 4th press release: "The insiders continue to remain supportive of the company and have collectively agreed to sell only the minimum required number of shares to cover tax liability from their exercise and related expenses."

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