E3 Lithium Outlines Key Performance Indicators And Provides Field Pilot Plant And Corporate Update
CALGARY, Alberta — June 14, 2023 — E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3 Lithium” or the “Company,” a leading lithium developer and mining technology innovator in Alberta, today released its key performance indicator (KPI) for direct lithium mining. at the factory (DLE) experimental field, which should be put into operation in the third quarter of 2023.
The E3 lithium test site will be located east of Olds, Alberta, the first well to be completed in the 2022 production plan. The program includes sampling of three wells, confirmed reservoir characteristics and an average lithium concentration of 75 mg/L. in the reservoir.
The test field is designed to test and verify the DLE technology under real operating conditions for the design and cost evaluation of the first commercial E3 lithium facility. Below is a set of test field setup parameters or KPIs.
Test KPIs: E3 Lithium will measure the success of field trial installations against the KPIs below.
Lithium mining. The basis for inclusion of ≥ 80% lithium recovery is E3 lithium, which maximizes the value per unit of brine delivered to surface.
Lithium concentrate quality. Quality products or concentrates with low lithium impurity ≥ 600 mg/L (≥25% lithium in the product stream) have a high ratio of lithium to impurity, allowing for simplified and routine purification. quality of lithium hydroxide battery.
Flow rate. Flow rate measures the rate at which lithium can be extracted from brine at a fixed productivity. The higher this ratio, the lower the DLE requirements of the commercial enterprise, which is an indirect indicator of the capital costs of these systems.
DLE technology
Along with testing the DLE technology to demonstrate commercial viability, E3 Lithium will also test other technologies at its pilot plants this summer and fall. Based on test results, commercial readiness and economics, the Company will decide which technology to use for its first commercial deployment. Choosing the right technology path for the first plant will allow E3 Lithium to enter commercial operation as soon as possible and reduce the technology risks of the project, while controlling the cost and quality of the process and the final product.
Each of the above KPIs will be compared head to head. For example, higher recovery can compensate for lower lithium content in product streams. E3 Lithium believes that the achievement of these key performance indicators will facilitate the development of initial feasibility studies and ensure a viable commercial operation. The company is currently developing the entire process for a preliminary feasibility study, and the full economics of the project will be outlined, taking into account the DLE results, as well as other factors in the battery lithium hydroxide production process.
"Achieving the key performance indicators we have established for our field pilot program will give our investors and stakeholders confidence in our ability to commercialize our vast global resource," said E3 Lithium President and CEO Chris Doornbos. "We look forward to demonstrating the productivity and economics of our project and putting it firmly on the development path to commercialization."
Progress updates
E3 Lithium will begin receiving test equipment in early June ahead of mechanical construction, which is scheduled for late June/early July. After mechanical and electrical construction is completed, the company will begin operations in July.
Join our webinar!
E3 Lithium invites investors and stakeholders to join our webinar on Wednesday, June 14, 2023 for an update.
Date: Wednesday, June 14, 2023
Time: 14:00 - 15:00 Moscow time
Link to enlarge
Appointment ID : 845 9666 4625
Password : 675888
Change in management
Chris Ward, Clearwater's vice president of projects and campaigns, has left E3 Lithium to pursue other opportunities. E3 Lithium thanks Chris for his contributions to the company's success. Kevin Carroll, Director of Development, will assume development management of the E3 Lithium project.
E3 Lithium Extends Agreement With Native Ads Inc
The company continued the contract with Native Ads Inc. execute a comprehensive digital media marketing campaign for the Company. This programmatic digital advertising campaign will run for up to 12 months, of which 75% of the fee will go directly to CPC for media placement and distribution, and 25% to content creation, web development, advertising. creative development, search engine optimization and strategic digital advertising consulting.
E3 Lithium uses Independent Trading Group (ITG) as a market maker.
Pursuant to a regulatory approval dated June 15, 2023, E3 Lithium has engaged the services of an Independent Trading Group ("ITG") to provide marketing services in accordance with the policies of the TSX Venture Exchange TSXV. ITG will trade the Company's shares on the TSXV, OTCQX and all other trading venues in order to maintain a fair market and enhance the liquidity of the Company's common stock.
Under the agreement, ITG will receive compensation of C$7,000 per month in monthly upfront payments. This Agreement has an initial term of three months and will be renewed for one additional month unless terminated. This Agreement may be terminated by either party upon 30 days notice. There are no performance factors in the contract and ITG will not receive shares or options as compensation. ITG and the Company are not related or unrelated, and neither ITG nor its employees have any direct or indirect interest in the securities of the Company at the time of the agreement.
E3 About Lithium
E3 Lithium is a development company with total reserves of 16,000,000 tonnes of measured and proved lithium carbonate equivalent (LCE) and 0,900,000 tonnes of inferred LCE mineral reserves 1 . As noted in E3's preliminary economic evaluation, the Pure Water Lithium project has an internal rate of return of US$1.1 billion of 32% and an after-tax internal rate of return of US$820 million of 27% 1 . E3 Lithium's goal is to produce high-purity lithium products for storage batteries to power the growing electric revolution. With significant lithium resources and innovative technology solutions, E3 Lithium is able to sell lithium from one of the best jurisdictions in the world.
FOR THE BOARD OF DIRECTORS
Chris Doornbas, President and Chief Executive Officer
E3 Lithium LLC
1. NI 43-101 Technical Report Preliminary Economic Assessment (PEA) on the Clearwater Lithium-Ion Project, amended on September 17, 2021. NI 43-101 Technical Report for North Cliff Properties dated October 27, 2017, designated as 0.9. LCE Mountain (discontinued). NI Mineral Resources Technical Report 43-101 Bashaw District Project, effective March 21, 2023, specifies 16,000,000 tonnes of LCE (measured and indicated). All reports are available on E3 Lithium's website (e3lithium.ca/technical-reports) and on SEDAR (www.sedar.com).
Featured image @ Freepik
Revelation:
1) The author of the article, the author's family members or close relatives do not have securities of the companies registered in this article. The author has decided which companies to include in this article based on research and understanding of the industry.
2) This article is written on behalf of and sponsored by E3 Lithium Ltd. Market Jar Media Inc. received or expects to receive CAD 190,000 in 33 days Digital Marketing Agency (Native Ads Inc.) E3 Lithium Ltd. (24 working days).
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6) This document contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements") that reflect management's expectations regarding the future growth of E3 Lithium Ltd. business plans and prospects, anticipated operations and other statements about future events, results or performance. Where possible, for example, the words "expect", "project", "target", "plan", "expect", "do not expect", "budget", "planned", "expect", "expect". "anticipate" speak of", or "do not anticipate", "believe", "intend" and some similar actions, events or results which "may", "might", "could", "could" or "will be". or achievements, whether negative, grammatical or other variations thereof, or similar terminology used to describe such forward-looking statements. These forward-looking statements include, among other things, statements regarding: b) market opportunities; (c) E3 Lithium Ltd.'s business plans and strategies; (d) services that E3 Lithium Ltd. wants to provide; e) the expectations and goals pursued by E3 Lithium Ltd.; f) Expectation of E3 Lithium Ltd. receiving approval for regulated applications; g) E3 Lithium Ltd.'s intention; expand other jurisdictions, including the timing of such expansion plans; and (h) E3 Lithium Ltd.'s expectations. related to its ability to benefit shareholders. Forward-looking statements are not guarantees of future results and are based on management's estimates and assumptions based on management's experience and perception of trends, current conditions and anticipated changes, and other factors that management believes are important. and reasonable under the circumstances as of the date of this agreement, including, without limitation, assumptions regarding: (a) E3 Lithium Ltd's ability; attract additional capital necessary for the implementation of the business plan under reasonable conditions; b) business and economic conditions generally will not materially change negatively; c) Features of E3 Lithium Ltd. receive equipment and operational materials on time and in sufficient quantities; d) Features of E3 Lithium Ltd. enter into contractual agreements with Pharmaceutical Supplements; e) the accuracy of budget costs and expenses; e) E3 Lithium Ltd. capabilities; attract and retain qualified personnel; g) political and regulatory stability; h) obtain agreements, licenses and permits from state regulatory authorities and third parties on favorable terms; (i) changes in applicable law; j) stability in the financial market and the capital market; and k) expectations regarding the amount of impairment due to CV-19. Such forward-looking information involves numerous known and unknown risks, uncertainties and other factors that could cause E3 Lithium Ltd's actual plans, intentions, actions, results, outcomes or achievements to differ. significantly different from plans, intentions and projects for the future. Actions, results, performance or achievements expressed or implied by forward-looking statements. Such risks include, but are not limited to: (a) Operations of E3 Lithium Ltd. it may be adversely affected by potential future laws, policies and government oversight or changes in applicable laws and regulations; (b) a public health crisis such as CV-19 could adversely affect E3 Lithium Ltd.'s business; c) volatility in global capital markets; (d) Political instability and regulatory changes governing E3 Lithium Ltd's business operations. (e) E3 Lithium Ltd. may not be able to execute its growth strategy; and (f) increased competition.
Except for cases provided by law, E3 Lithium Ltd. undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, after the date the statements are made or to reflect such events. . from unexpected events. Neither Hood E3 Lithium LLC nor its representatives make any warranties of any kind, express or implied, as to the accuracy, adequacy or completeness of the information contained in this document. Neither Hood E3 Lithium LLC nor its representatives shall have any liability, whether in contract, indemnity, trust or otherwise, to anyone for any failure or omission by you or your representatives to use this information. information in this document.
7) any graphs, charts or other information depicting the historical or current or historical performance of E3 Lithium Ltd. or any other matter included in this document is intended solely to illustrate the historical performance or current or historical performance of E3 Lithium Ltd. or historical performance or other desirable current or historical characteristics of the company and are not necessarily indicative of E3 Lithium Ltd's future performance. or essence.
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