The lithium market is in desperate need of reliable suppliers. As gas prices soar, electric vehicle (EV) demand, which was already high, is growing even stronger around the world.1
Lithium is needed for the batteries to power all those in-demand EVs.
But a supply crisis of the silvery-white wonder metal, which has been made even worse due to volatility in Eastern Europe created by the Ukraine-Russia War …
Is threatening to stunt the EV market’s growth and prevent it from reaching the high sales numbers it could be generating.
If this is allowed to continue, the results could be “devastating,” according to Bloomberg, which recently wrote “if battery makers can’t get enough lithium, it would curb the expansion of clean-energy vehicles, making it harder to meet global emissions targets.”2
The current state of the market with its limited lithium supply and escalating demand already has China, which produces 80% of the world’s lithium-ion batteries, scouring Tibet to find more of the metal to mine.3
All of This is Why Reliable Lithium Producers
Have Never Been in Greater Demand!
It’s also why big lithium stocks have taken off like rockets over the past year:
Albemarle Corp. shot up 41%!
Sociedad Química y Minera de Chile S.A. (NYSE:SQM) saw its price rise a whopping 94.5%!
But with the big names already having made big gains, investors are wondering what producers will be next to benefit from the “perfect storm” conditions that currently exist in the lithium market?
One under-the-radar company that appears well-positioned to benefit from rising lithium demand is E3 Lithium (TSXV:ETL) (OTCQX:EEMMF). Here’s why:
The Little-Known Company With the
Massive Lithium Project
E3 Lithium owns more than 600,000 ha of brine permits in its Clearwater Project in industry-friendly Alberta, Canada. The holdings cover the Leduc Reservoir, where +7,000 oil and gas wells have already been drilled. Why is this important?
Because E3 Lithium (TSXV:ETL) (OTCQX:EEMMF) is able to leverage +70 years of historical drilling data to gain an in-depth understanding of the site’s lithium potential at depth without the need for new, costly drilling!
In fact, that data helped lead to an exciting new strategic agreement between E3 Lithium and Imperial Oil Limited (TSX:IMO) (NYSEAmerican:IMO).
As part of the agreement, Imperial has agreed to invest USD$5.0 million into E3 Lithium (TSXV:ETL) (OTCQX:EEMMF).
Also under the agreement, E3 Lithium will continue to operate the Clearwater Project and retain its IP, with technical and development support from Imperial in areas such as water and reservoir management.
In addition, the agreement includes access for E3 Lithium to freehold lands in the area, which are operated by Imperial. This access further establishes E3 Lithium’s already dominant land position in the area and completes a strategic, large and contiguous land block, providing long-term certainty on a development framework for the project.
Plus, the attention-grabbing Clearwater Project isn’t all that E3 Lithium (TSXV:ETL) (OTCQX:EEMMF) has going for it either.
The Company Has Also Developed Groundbreaking
Lithium Extraction Technology
E3 Lithium’s (TSXV:ETL) (OTCQX:EEMMF) Direct Lithium Extraction (DLE) technology has consistently demonstrated:
- Rapid kinetics, in minutes, not months
- Peak lithium recoveries exceeding 90%, with capability for recoveries exceeding 95%
- High contaminant rejection exceeding 98% removal
Compared to other lithium extraction methods including mining and evaporation ponds, or salars, E3 Lithium’s process:
- Is faster – allowing lithium to be recovered in minutes, not months.
- Has a much smaller land disturbance footprint – E3’s process requires less than 3% of the land of typical lithium projects and requires no evaporative ponds, mining waste dumps, open pit mines or tailings ponds.
- Requires minimal fresh water – E3’s process only uses saline formation water from far below the groundwater table and returns the saline formation water back to where it came from. Large volumes of fresh water are not required.
E3 Lithium (TSXV:ETL) (OTCQX:EEMMF) has already engaged an engineering firm to begin the design work for a field pilot plant that will demonstrate on a near commercial scale the company’s DLE process under real world operating conditions.4
The Field Pilot will be tied into an existing well that produces brine directly from the Leduc Aquifer in the Company’s Clearwater Project. This is the next stage of development, moving forward from the Company’s DLE lab-pilot prototype.
E3 Lithium Sees a Clear Opening in the Marketplace
& is Taking Fast Action to Fill It!
Recent announcements show this is a company on the move. For instance:
- E3 Lithium (TSXV:ETL) (OTCQX:EEMMF) received a license for the first brine production well in Alberta for the purpose of evaluating lithium. E3 anticipates the start of drilling to occur before the end of June and anticipates completing the drilling operation by mid-July.5
- E3 Lithium completed a seismic interpretation across the Clearwater Project Area to increase confidence and understanding of the Leduc Aquifer and the continuity between drill holes.6
E3 Lithium (TSXV:ETL) (OTCQX:EEMMF) is making progress while maintaining a strong capital structure that includes a cash balance of $16 million (CAD), 57.8 million shares outstanding, and 6.6 million warrants outstanding with the value of unexercised warrants at $9.2 million (CAD).
To learn much more about E3 Lithium (TSXV:ETL) (OTCQX:EEMMF) and how it is on track to delivering much-needed lithium to a marketplace that is literally starving for the precious metal, click on the link below.
Now is the time to do your due diligence and consider investing in the company before others catch on to its assets and growth potential.
Yes, I want to learn more about E3 Lithium’s (TSXV:ETL) (OTCQX:EEMMF) transformational partnership!
