Business
E3 Lithium Plans for Significant Growth in 2024 on the Back of a Successful 2023
Highlights: E3 Lithium executed a significant prove out year in 2023 including the successful: Upgrade of its resource to 16.0 million tonnes Lithium Carbonate
About this update from E3 Lithium Ltd
[{"type":"text","content":"Highlights: E3 Lithium executed a significant prove out year in 2023 including the successful: Upgrade of its resource to 16.0 million tonnes Lithium Carbonate Equivalent (LCE) Measured and Indicated Completion of a first-of-its-kind Direct Lithium Extraction (DLE) field pilot plant in Alberta Production of battery grade lithium hydroxide Heading into 2024, the first catalysts E3 Lithium looks forward to completing include: Announcing the DLE technology selected for its first commercial facility that enables the most viable process and economics Announcing the selection of the major technology and equipment vendor for its downstream refining process Exploring further opportunities to increase shareholder value with its strong balance sheet Publishing the first Alberta lithium Pre-Feasibility Study (PFS) outlining updated project economics CALGARY, Alberta / Dec 05, 2023 / Business Wire / E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3 Lithium” or the “Company,” Alberta’s leading lithium developer and extraction technology innovator, is pleased to provide a summary of its successes in 2023 and outline its plans for growth across all aspects of its business in 2024. “We set ambitious targets for ourselves in 2023 to advance our technology and our business; we have succeeded in accomplishing every milestone,” said Chris Doornbos, President and CEO. “The results we demonstrated in 2023 will continue to enable the completion of our PFS as we move into 2024. With the design of the commercial facility solidified, E3 can then contemplate a variety of growth and value creation opportunities on the back of our industry-leading resource and demonstrated DLE process.” 2023 Achievements In March, E3 Lithium outlined its goals for 2023 focused on upgrading its resource, executing its field pilot plant, producing battery-grade lithium and advancing its PFS. E3 Lithium has steadily delivered against its targets, creating a strong foundation to deliver more growth in 2024. In 2023, the Company: Completed a 16.0 Mt LCE M+I Resource upgrade, the largest in Canada: In addition to upgrading its resource to 16.0 million tonnes of Measured and Indicated LCE, E3 Lithium also increased its Alberta-based land position. Successfully demonstrated DLE at scale on site in Alberta: E3 Lithium constructed, operated and reported on successful results...