By 2027, the electric vehicle market could grow from $121.8 billion to $236.6 billion, says BlueWeave Consulting. Better, companies like Albemarle Corp. (NYSE:ALB) and Sociedad Quimica y Minera (NYSE:SQM) expect to cash in on “surging demand for the battery metal lithium, critical to electric vehicles,” reported Reuters.
In addition, Piedmont Lithium (NASDAQ:PLL) CEO Keith Phillips says lithium supply will struggle to keep up with demand, “and steps will need to be taken to incentivize additional production and exploration of the battery metal,” as noted by S&P Global Platts. "When people talk about 20% EV penetration by 2025, there might be a zero chance that could happen because there is no way the raw material supply will be ready,” he added.
Worse, by 2026, David Merriman, an expert on EV and battery materials at Roskill, as noted by The Northern Miner, global demand is “expected to exceed one million tonnes.”
“To meet this increasing demand for lithium products, which is more than double that expected this year, we would need to see not just an expansion in output from existing producers but also new producers looking to commission new capacity,” added Merriman. “This will require significant new investment in the industry.”
E3 Metals Has the Potential to Deliver Lithium from One of the Best Jurisdictions
E3 Metals Corp. (TSXV:ETMC)(OTC:EEMMF) is a lithium development Company with 7.0 million tonnes of lithium carbonate equivalent (LCE) inferred mineral resources1 in Alberta and an NPV8% on its Clearwater Lithium Project of USD 1.1 Billion with a 32%1 IRR pre-tax and USD 820 Million with a 27% IRR after-tax. Through the successful scale up its DLE technology towards commercialization, E3 Metals’ goal is to produce high purity, battery grade, lithium products. With a significant lithium resource and innovative technology solutions, E3 Metals has the potential to deliver lithium to market from one of the best jurisdictions in the world.
In addition, the company just welcomed Mr. Brad Wall to its Corporate Advisory Board, starting March 1, 2021. Mr. Wall previously served as the Premier of Saskatchewan for over 10 years until 2018, where he demonstrated a consistent ability to bring political and business leaders together as he implemented creative ways to bolster the Province’s economic well-being.
During his tenure as the Premier of Saskatchewan, Mr. Wall led the Province to unprecedented economic expansion, strong population and export growth, record infrastructure investment, and the first-ever and continuing AAA credit for the Province’s finances. In addition to his many achievements while in office, Mr. Wall was recognized for leading the opinion polls as the most popular premier in Canada for almost the entirety of his term.
Chris Doornbos, CEO and Director commented, “On behalf of the E3 Board and Management, we are very pleased to welcome Mr. Wall to our Advisory Board. His extensive national energy policy, political and economic experience, and business acumen will be an asset to E3 Metals as we continue in our endeavours to build a net-zero carbon emissions lithium project using our proprietary direct lithium extraction technology.”
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