- E3 Lithium (TSXV:ETL) has revealed results from a pre-feasibility study of its Clearwater Project in south-central Alberta
- The study outlines the project’s economic viability, environmental sustainability and long-term operational potential
- Other highlights include outlining initial production of 32,250 tons per year of lithium hydroxide monohydrate
- Shares of E3 Lithium are down 1.36 per cent to C$1.45 as of 12:37 am ET
E3 Lithium (TSXV:ETL) has revealed results from a pre-feasibility study (PFS) of its Clearwater Project in south-central Alberta.
The company stated in a news release that the study outlines the project’s economic viability, environmental sustainability and long-term operational potential.
Additionally, the project reports Canada’s first lihtium-in-brine proven mineral reserve.
“The Clearwater Project PFS outlines, for the first time, the viability of lithium from the brines in Alberta,” Chris Doornbos, CEO of E3 Lithium, said in a press release. “This report signifies a fundamental shift for E3 Lithium, setting us on a clear pathway to commercial development and positions the Clearwater Project and Bashaw District as a strategic lithium asset in Canada and North America.”
Highlights of the study include:
- Initial production of 32,250 tons per year of lithium hydroxide monohydrate (LHM)
- A 50-year operating life that covers a portion of the Bradshaw district
- 1.29 million tons of LHM in proven and probable lithium mineral reserve from the total Bradshaw district of 18.4 million tons of LHM measured and indicated mineral resource in the Leduc Reservoir
The project also boasts initial operating costs of $6,200 per ton of LHM that will provide for a long life and robust project fundamentals as well as sustainably produced lithium. The PFS indicates that process water for the operation will be sourced from recycling and make-up water from waste brine stream.
E3 Lithium is focused on the commercial development of lithium extraction from brines contained in its mineral properties in Alberta.
Shares of E3 Lithium Ltd. (TSXV:ETL) are down 1.36 per cent to C$1.45 as of 12:37 am ET.
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