- E3 Lithium (ETL) has received approval from the TSXV to issue 3,413,979 prepaid warrants to Imperial Oil Limited
- As part of a previously announced partnership, Imperial Oil agreed to invest C$6.35M in the company
- E3 Lithium is developing its inferred Alberta-based resource of 7M tonnes of lithium carbonate equivalent
- Imperial Oil is Canada’s largest petroleum refiner
- E3 Lithium (ETMC) opened trading at $2.35 per share
- Imperial Oil (IMO) opened trading at $57.38 per share
E3 Lithium (ETL) has received approval from the TSXV to issue 3,413,979 prepaid warrants to Imperial Oil Limited.
As part of the previously announced partnership, Imperial Oil agreed to invest C$6.35M in E3 Lithium.
Chris Doornbos, E3 Lithium’s CEO, commented on the partnership.
“E3 Lithium is pleased to have completed the agreement with Imperial Oil and we look forward to working closely with their team to rapidly advance our Clearwater Lithium Project development.”
E3 Lithium will continue to operate Clearwater and retain its IP, while Imperial will provide technical and development support including water and reservoir management.
E3 Lithium is developing its inferred Alberta-based resource of 7M tonnes of lithium carbonate equivalent.
Imperial Oil is Canada’s largest petroleum refiner. It also produces crude oil and petrochemicals and engages in fuels marketing from coast to coast.
E3 Lithium Ltd. (ETL) opened trading at C$2.35.
Imperial Oil Ltd. (IMO) opened trading at C$57.38.