E3 Lithium - CEO, Chris Doornbos.
CEO, Chris Doornbos.
Source: E3 Lithium.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • E3 (ETL) has completed a production test on its first well in the Clearwater Project Area
  • The test will confirm the economics and re-injectivity of the lithium-rich brine on the Alberta-based property
  • The results will aid in the company’s efforts to develop its aquifer management plan and upgrade its resource from Inferred to Measured and Indicated
  • E3 Lithium is developing its Inferred resource of 24.3 million tonnes of lithium carbonate equivalent in Alberta
  • E3 (ETL) opened with a gain of 0.9 per cent, trading at $2.24 per share

E3 (ETL) has completed a production test on its first well in the Clearwater Project Area.

The test will confirm the economics of the lithium-rich brine from the Leduc Reservoir on the Alberta-based property. It will also confirm the reservoir’s re-injectivity, which is a cornerstone of E3’s environmentally sustainable process.

The test included flowing 400 m3/d of brine to surface for five days, as well as re-injecting the produced brine in less than two days at a rate of 1,200 m3/d.

Results yielded important data to support the commercial viability of producing lithium from the Leduc Reservoir.

“The data we’ve collected is key as we look to upgrade our resources from Inferred to Measured and Indicated,” said Chris Doornbos, President and CEO of E3 Lithium.

“The Aquifer Management Plan builds out our commercial brine production design, which, combined with the upgraded resource, should enable the establishment of a reserve in Alberta, enabling the province to become a significant lithium jurisdiction,” he added.

E3 Lithium is developing its Inferred resource of 24.3 million tonnes of lithium carbonate equivalent in Alberta. Through its DLE technology, the company’s goal is to produce high-purity, battery-grade lithium products.

E3 (ETL) opened with a gain of 0.9 per cent, trading at $2.24 per share.


More From The Market Herald

" Ontario lithium project suite advancing on schedule and on budget

Beyond Lithium’s (CSE:BY) 2023 Phase 1 exploration program in Ontario is progressing on schedule and on budget.

" Critical minerals stock potentially doubles titanium recovery

NioCorp, a critical minerals stock, has demonstrated the potential to double titanium recovery at its Elk Creek Critical Minerals Project.

" SKRR Exploration finalizes option agreement with F3 Uranium

SKRR Exploration and F3 Uranium have finalized their option agreement for the Clearwater West Property in Saskatchewan.

" Crisis of confidence sets stage for silver run

By John Feneck Mining Portfolio Manager Feneck Consulting Group