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E3 Lithium Ltd (EEMMF) is a leading lithium exploration and development company focused on sustainable and environmentally friendly lithium extraction. The company has been actively involved in identifying, acquiring, and exploring lithium projects in North America. With a strong emphasis on innovation and green technologies, E3 Lithium Ltd is dedicated to meeting the growing demand for lithium-ion batteries in various industries, including electric vehicles and energy storage systems.
E3 Lithium (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF) has filed the NI 43-101 Technical Report for its Clearwater Project Pre-Feasibility Study (PFS). The report, effective June 20, 2024, is now available on SEDAR+ and the company's website. Minor adjustments were made during the final validation, including:
1. Reclassification of capital and operating costs
2. Inclusion of carbonation costs in lithium extraction and purification unit costs
3. Exclusion of initial working capital from economic assessment
4. Inclusion of abandonment costs and major maintenance in capital expenditures
These changes resulted in slight adjustments to economic metrics, with the after-tax NPV8 increasing from $3,717M to $3,720M USD. The Technical Report was prepared by independent Qualified Persons from Matrix Solutions Inc, Sproule Associates , Sedgman Canada , and Stantec Consulting Inc.
E3 Lithium (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), a Canadian lithium company, held its annual general and special meeting on July 16, 2024. Shareholders approved all items of business, including the appointment of MNP LLP as auditor, setting the number of directors at six, and electing all nominated directors. The company also amended its omnibus equity incentive plan from a 'rolling' to a 'fixed' plan and approved the Amended and Restated By-Law No. 1.
Tina Craft joined the board, replacing Mike O'Hara who retired after seven years of service. As part of her appointment, Ms. Craft was granted 300,000 stock options at an exercise price of $1.52 per share, vesting over three years and expiring in three, four, and five years from the grant date.
E3 Lithium (OTCQX: EEMMF), a prominent name in Canadian lithium production, is set to host a webinar on July 10, 2024, to discuss its recently released Pre-Feasibility Study (PFS). The event will feature a presentation by President and CEO Chris Doornbos, followed by a Q&A session. The webinar will begin at 11:00am MT (1:00pm ET, 10:00am PT) and last for approximately 20 minutes, excluding the Q&A. This online session aims to provide investors and other stakeholders with detailed insights into the PFS findings, enhancing transparency and engagement.
E3 Lithium has released its Pre-Feasibility Study (PFS) for the Clearwater Project in Alberta, confirming its economic viability and environmental sustainability.
The project boasts Canada's first lithium-in-brine proven mineral reserve. Initial production is set at 32,250 tonnes of Lithium Hydroxide Monohydrate (LHM) per year, with a 50-year operating life.
The Bashaw District reserves total 1.29 million tonnes of LHM, with a strong after-tax NPV of $3.72 billion and an IRR of 24.6%.
Initial CAPEX is $2.47 billion and OPEX $6,200/tonne LHM. Sustainability measures include water recycling and minimal CO2 emissions.
The study positions the Clearwater Project as a strategic lithium asset in North America, paving the way for commercial development.
E3 Lithium, a leader in Canadian lithium, has set its Annual General Meeting (AGM) for July 16, 2024. The company has nominated Tina Craft, an experienced professional with over 30 years in the chemical industry, to its Board of Directors, pending election at the AGM. Additionally, E3 Lithium has welcomed Alexis de la Renaudiere as its new Investor Relations Coordinator. The company also announced the retirement of long-serving board member Mike O'Hara. These staffing updates signify E3 Lithium's commitment to diversifying and strengthening its leadership as it progresses towards a commercial lithium project in Alberta.
E3 Lithium (OTCQX: EEMMF) released its unaudited condensed consolidated interim financial statements and Management’s Discussion and Analysis (MD&A) for Q1 2024. The documents are accessible on SEDAR+ and the company's website. The report highlights the company's financial health and operational performance, important for investors and stakeholders.
E3 Lithium has announced its inaugural inferred mineral resource estimate of approximately 2.5 million tonnes of lithium carbonate equivalent (LCE) within the Estevan Lithium District in Saskatchewan. The company's permit area covers around 67,000 hectares. Lithium concentrations reached up to 259 mg/L in some areas. The resource estimate, reviewed by qualified professionals, includes six distinctive zones within the Duperow Formation, with a total brine volume of over 5 billion cubic meters. The detailed technical report will be available on E3 Lithium's website and SEDAR within 45 days.
E3 Lithium announces an update to its agreement with Imperial Oil , increasing access to additional freehold lands and extending the term of warrants. The collaboration aims to establish sustainable lithium production in Canada.
E3 Lithium is expanding its Calgary-based lab to manufacture battery products, including lithium carbonate, to support the feasibility study and future operations. The company plans to build scaled-down equipment for validation and optimization of lithium carbonate production. The development facility has been operational since early 2021, focusing on Direct Lithium Extraction (DLE) processing technologies. E3 Lithium aims to refine its process for battery-grade lithium carbonate through chemical conversion. The company's in-house capabilities offer accuracy, cost-effectiveness, and flexibility in production.
E3 Lithium , a leader in Canadian lithium, is inviting investors to a webinar to review the 2023 Annual Report, provide a corporate update, and outline plans for 2024. The webinar will feature the President & CEO and the CFO.
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