E3 Lithium - E3's lithium extraction pilot plant in Alberta.
E3's lithium extraction pilot plant in Alberta.
(Source: Business Wire.)
  • E3 Lithium (TSXV:ETL) provided preliminary update on the direct lithium extraction (DLE) technology results at its field pilot plant
  • The top lithium stock is conducting three predefined tests to review various operating conditions to understand anticipated performance in a commercial environment
  • Initial lithium recovery was greater than 94 per cent and purity of concentrate was greater than 80 per cent
  • E3 Lithium stock (TSXV:ETL) last traded at C$3.87 per share

E3 Lithium (TSXV:ETL) provided preliminary update on the direct lithium extraction (DLE) technology results at its field pilot plant.

The top lithium stock is conducting three predefined tests to review various operating conditions to understand anticipated performance in a commercial environment. E3 Lithium will select the operating conditions that produced the best results to run for a longer period.

The success of the longer operating period will confirm the results of the initial testing and will enable the commercial design of this system for the pre-feasibility study (PFS) and engineering designs. The lithium concentrate produced by the longer operating period will also be used for the development of the lithium production system for the PFS and engineering designs that follow.

Results for the first three tests:

  • Initial lithium recovery: Greater than 94 per cent
  • Purity of concentrate: Greater than 80 per cent
  • Average lithium grade in concentrate: 884 mg/L

E3 Lithium will test its technology along with two third-party technologies throughout pilot operations.

“These results demonstrate an initial positive indication that the pilot is operating as expected,” Chris Doornbos, president and CEO of E3 Lithium, said in a statement. “The E3 Lithium team is working hard to progress the pilot and is continuing to operate the pilot safely. We appreciate the outpouring of community support since operations began and are very excited to be able to outline these preliminary results.”

E3 Lithium is a development company focused on producing high-purity, battery grade lithium products to power the electrical revolution.

The company controls more than 16 million tonnes of lithium carbonate equivalent (LCE) measured and indicated and 0.9 million tonnes LCE inferred in Alberta.

E3 Lithium stock (TSXV:ETL) last traded at C$3.87 per share. The stock is up by 25.6 per cent over the past month.

Join the discussion: Find out what everybody’s saying about this stock on the E3 Lithium Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.

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