- Albertan lithium developer and extractor, E3 Lithium (ETMC), has granted 1.81 million incentive stock options valued at $4.83 million
- Each stock option is priced at $2.67 apiece and is available to certain directors, officers, and employees of the company under its stock option plan
- Options accumulate a 25 per cent yearly interest and are exercisable until June 24th 2027
- E3 Lithium’s year-end annual grant has been postponed due to a partnered pilot project
- E3 Lithium (ETMC) is down 5.20 per cent and is trading at $2.55 per share as of 3:44 p.m. ET
Albertan lithium developer and extractor, E3 Lithium (ETMC), has granted 1.81 million incentive stock options valued at $4.83 million.
Each stock option is priced at $2.67 and is available to certain directors, officers, and employees of the company under its stock option plan.
All options accumulate a 25 per cent yearly interest and are exercisable until June 24, 2027. The company stated that the grant of the options is still subject to approval by the TSX Venture Exchange.
In other news, E3 Lithium’s year-end annual grant has been postponed due to a partnered pilot project of a lithium extraction development in Alberta.
E3 Lithium is a development company with 7.0 million tonnes of lithium carbonate equivalent inferred mineral resources in Alberta. Through the scale up its DLE technology towards commercialization, E3 Lithium’s goal is to produce high purity.
E3 Lithium (ETMC) is down 5.20 per cent and is trading at $2.55 per share as of 3:44 p.m. ET.