- E3 (ETL) has purchased the last mining permit in the Bashaw District’s Exshaw Area in Alberta
- The 4,606-hectare metals and industrial minerals permit secures a continuous land position in the district, where E3 is planning its first commercial operations
- The company’s upcoming technical report will incorporate the new land and outline resource upgrades
- E3 Lithium is developing an inferred resource of 24.3 million tonnes of lithium carbonate equivalent in Alberta
- E3 Lithium (ETL) opened trading at $2.07 per share
E3 (ETL) has purchased the last mining permit in the Bashaw District’s Exshaw Area in Alberta.
The company acquired the 4,606-hectare metals, and industrial minerals permit from the Government of Alberta.
The permit secures a continuous land position in the Bashaw District, where E3 is planning its first commercial operations.
E3 will include the new land in its upcoming technical report, where it will likely contribute additional resource volumes. The report will outline resource upgrades from inferred to measured and indicated.
The news follows consistent lithium concentrations between 74 and 82 mg/lithium from the company’s inaugural 2022 drill program.
“The small section of tenure has been previously held by another party since E3 started to acquire mineral rights in this area in 2017,” said Chris Doornbos, President and CEO of E3 Lithium. “Now staked by E3, this last piece of tenure ensures full access to our entire resource area and underscores our commitment to our asset and to progressing our commercial development.”
Location of additional permit
E3 Lithium is developing an inferred resource of 24.3 million tonnes of lithium carbonate equivalent in Alberta.
E3 Lithium (ETL) opened trading at $2.07 per share.
