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E3 Lithium Files Clearwater Project NI 43-101 Technical Report
CALGARY, Alberta / Jul 29, 2024 / Business Wire / E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3 Lithium” or the “Company,” a leader in Canadian lit
About this update from E3 Lithium Ltd
[{"type":"text","content":"CALGARY, Alberta / Jul 29, 2024 / Business Wire / E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3 Lithium” or the “Company,” a leader in Canadian lithium, is pleased to announce that, in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), it has filed the technical report, entitled “Clearwater Project NI 43-101 Technical Report on Pre-Feasibility Study, Bashaw District Mineral Property, Central Alberta, Canada” with an effective date of June 20, 2024 (the “Technical Report”) summarizing the results of the Pre-Feasibility Study (the “PFS”) previously announced in the Company’s news release dated June 26, 2024. The Technical Report is available under the Company’s profile on SEDAR+ at www.sedarplus.com and on the Company’s website at www.e3lithium.ca. During the final validation and completion of the PFS in the Technical Report, minor adjustments were made to the classification of capital and operating costs of the Clearwater Project. A summary of these changes is shown in the table below, compared to the originally reported figures. Units June 26, 2024 Original July 29, 2024 Amended Sustaining Capital M US$ 1,799 1,264 Major Maintenance Capital M US$ 508 Total Abandonment Capital M US$ - 27 NPV8 After Tax M US$ 3,717 3,720 Finalized by the QP’s, the capital expenditure for carbonation is now reclassified to be included with the lithium extraction and purification unit costs. Economic metrics have been slightly adjusted, as the initial working capital has been excluded from the economic assessment and reclassified as a corporate cost. Abandonment costs and major maintenance are now included in capital expenditures rather than operating expenses. The Technical Report was prepared for E3 Lithium by Daron Abbey, M.Sc., P. Geo of Matrix Solutions Inc; Alex Haluszka, M. Sc., P. Geo of Matrix Solutions Inc; Meghan Klein, P. Eng, of Sproule Associates Limited; Antoine Lefaivre, P. Eng, of Sedgman Canada Ltd.; and Keith Wilson, P. Eng., of Stantec Consulting Inc., each of whom is a “Qualified Person” as defined under NI 43-101 (collectively, the “Qualified Persons”). Each of the Qualified Persons prepared or supervised the preparation of the information that forms the basis of the PFS; has reviewed and approved the technical information in this news release with...