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E3 Lithium and Axens Sign Bilateral MOU for the Sale of Lithium Carbonate and Supply of Lithium Selective Sorbent
E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF) (“E3 Lithium” or the “...
About this update from E3 Lithium Ltd
[{"type":"text","content":"E3 Lithium and Axens Sign Bilateral MOU for the Sale of Lithium Carbonate and Supply of Lithium Selective Sorbent\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwuline { text-decoration: underline }\n \n\n\n\n E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF) (“E3 Lithium” or the “Company”), a leader in Canadian lithium development, and Axens, a global provider of clean energy solutions and technologies, including Direct Lithium Extraction (“DLE”) from brines, have signed a non-binding memorandum of understanding (the “MOU”) that contemplates both the sale of lithium carbonate by E3 Lithium to Axens (the “Offtake”) and for Axens to supply E3 Lithium with a lithium selective sorbent (the “Sorbent”).\n \n\n This strategic collaboration aims to leverage E3 Lithium’s leadership in lithium from brine development and Axens’ advanced technologies to address the growing demand for secure supply chains for critical minerals.\n \n\n Under the terms of the MOU, each company will qualify the products with the goal of a mutually beneficial collaboration. Upon completion of the qualification, the MOU outlines the proposal to execute two separate agreements, where the intent is that neither agreement is dependent on the other. Under one agreement, E3 Lithium will supply lithium carbonate from its Clearwater Project in Alberta, Canada for use by Axens in Europe. Under the second agreement, Axens will supply their proprietary lithium selective Sorbent for use in the E3 Lithium’s DLE processes.\n \n\n This MOU is an initial step towards binding definitive agreements with certain milestones set out for E3 Lithium and for Axens that will inform the Definitive Agreements for each the Offtake and the Sorbent.\n \n\n The milestones include:\n \n\n\n E3 Lithium to produce battery-grade lithium at its Demonstration Facility for review through Axens qualification process; and,\n \n\n E3 Lithium to validate Axens’ Sorbent through standard testing and qualification for use within E3 Lithium’s DLE processes.\n \n\n\n Both companies are working in good faith to complete the qualification as quickly as possible. Both Axens and E3 Lithium have committed to working together on f...