It is plausible that E3 is waiting for further information and assessments from their refining technology and equipment vendors before making any definitive announcements about offtake deals, joint ventures, or other significant business arrangements. The selection of refining technology and equipment vendors is a critical step in the lithium production process, as it directly impacts the project's capital expenditures (CAPEX) and operational expenditures (OPEX).
By engaging with these vendors and refining their production processes, E3 is likely aiming to have a more accurate understanding of the project's economics and viability. This information will be essential for negotiating potential offtake deals, forms of financing and joint ventures, as well as for providing investors and stakeholders with a clearer picture of the project's potential profitability.
We, as investors, should remain attentive to future announcements from E3 Lithium, as they will provide a clearer understanding of the company's strategic direction and progress towards commercialization.
But, we (as investors), will just have to remain patient. Hard to do! But, remember, we have not had any "bad" news, just "no" specific news. Unfortunately, that may be all there is just now.
Good luck!