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 > Compare to E3 location

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Post by TheWokeLemming on Jul 03, 2024 10:32am

Compare to E3 location

Australian-listed Lake is developing Kachi in Argentina’s mountainous Catamarca province with tech startup Lilac Solutions. The project attracted preliminary interest from and others, but operating at the remote site fueled extensive cost overruns that became untenable once lithium prices began to slide.

“Everything today is just drive by lithium prices,” Lake CEO David Dickson said on the sidelines of the Fastmarkets Lithium Supply and Battery Raw Materials Conference in Las Vegas this week. “The standard (lithium) price needs to be a lot higher for projects to move forward.”

Prices for lithium carbonate, a common type of the metal, are trading below $15,000 per metric ton, according to Fastmarkets data. Dickson said he believes many in the lithium market need to sign supply contracts with price floors of at least $15,000 to $20,000 per metric ton in order to make projects economic.

https://www.mining.com/web/lake-resources-cuts-staff-eyes-asset-sales-amid-low-lithium-prices/

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