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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.
