- E3 Lithium (TSXV:ETL), a top lithium stock, has initiated operations at Alberta’s first direct lithium extraction field pilot plant
- Pilot operations data will inform the construction of a processing facility, which will be detailed in a future pre-feasibility study and feasibility study
- E3 Lithium is a development company focused on producing high-purity, battery grade lithium products to power the electrical revolution
- E3 Lithium stock (TSXV:ETL) is up by 805 per cent over the past five years
E3 Lithium (TSXV:ETL), a top lithium stock, has initiated operations at Alberta’s first direct lithium extraction (DLE) field pilot plant.
The news follows a thorough commissioning process, which established that each DLE system is operating as expected based on pre-pilot performance metrics.
Operations begin with determining the parameters that offer the most efficient lithium extraction. Each system will then run over a longer period to confirm performance and produce larger volumes of lithium concentrate for refining into marketable products, such as lithium hydroxide.
Pilot operations data will inform the commercial design of the processing facility, which will be detailed in E3’s upcoming pre-feasibility study and feasibility study.
Potential and existing shareholders can expect further updates from management as they become available.
“The start of full operations is a testament to the hard work the team has been putting in to get this equipment running,” Chris Doornbos, president and CEO of E3 Lithium, said in a statement. “This is a foundational moment for E3 Lithium, as demonstrating DLE at pilot scale will enable us to move forward in developing this lithium asset in Alberta towards commercialization.”
E3 Lithium is a development company focused on producing high-purity, battery grade lithium products to power the electrical revolution.
The company controls more than 16 million tonnes of lithium carbonate equivalent (LCE) measured and indicated and 0.9 million tonnes LCE inferred in Alberta.
The preliminary economic assessment for E3’s Clearwater Lithium Project has an NPV8% of US$1.1 billion with a 32% IRR pre-tax and US$820 million with a 27% IRR after-tax.
E3 Lithium stock (TSXV:ETL) last traded at $3.44 per share. The stock is up by 805 per cent over the past five years.
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