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E3 Lithium Acquires Existing Well, Repurposing Infrastructure and Reducing Environmental Impact
E3 Lithium Acquires Existing Well, Repurposing Infrastructure and Reducing Environmental ...
About this update from E3 Lithium Ltd
[{"type":"text","content":"\n \n \n \n E3 Lithium Acquires Existing Well, Repurposing Infrastructure and Reducing Environmental Impact\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Sept. 20, 2022\n \n \n /CNW/ - E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF),\n \n Alberta's\n \n leading lithium developer and Direct Lithium Extraction (DLE) technology innovator is excited to announce it has acquired a third-party well in its Clearwater Project Area within the Bashaw District.\n \n \n \n \n \n \n \n \n \n Acquiring an existing well reduces the environmental footprint associated with E3's drilling program, represents a potential cost savings of more than\n \n $1.5M\n \n and repurposing oil and gas infrastructure represents the 'Alberta Advantage' in action.\n \n \n E3 can reuse an existing well in this instance due to its location being within a few hundred metres of E3's planned well location. Other contributing factors to this well acquisition are the recency with which it was drilled, the integrity of the wellbore, and the depth to which it was drilled, intersecting the entire Leduc Reservoir.\n \n \n \"The environmental and fiscal advantages of acquiring this well are significant for E3,\" said\n \n Chris Doornbos\n \n , President and CEO of E3 Lithium. \"One of the advantages of working in\n \n Alberta\n \n is the ability to repurpose oil and gas infrastructure – including wells whenever possible, as well as equipment, access roads, inactive and active process sites and skilled labour – to be responsible stewards of our resources.\"\n \n \n The lease site will be reclaimed back to its original state after work is complete.\n \n \n This will be the third and final well associated with E3's current drilling program which began in June. E3's most recent drilling update is outlined in its\n \n \n September 1, 2022\n \n press release\n \n .\n \n \n \n About E3 Lithium\n \n \n \n E3 Lithium is a development company with total of 24.3 million tonnes of lithium carbonate equivalent (LCE) inferred mi...