- E3 Lithium (ETMC) has been granted a license to drill Alberta’s first brine production well
- Drilling will evaluate lithium prospectivity in E3’s billion-dollar Clearwater Project
- The data collected will serve as the basis for a forthcoming Pre-Feasibility Study
- E3 Lithium is developing its inferred Alberta-based resource of 7M tonnes of lithium carbonate equivalent
- E3 Lithium (ETMC) is down by 0.57 per cent trading at $1.75 per share
E3 Lithium (ETMC) has been granted a license to drill Alberta’s first brine production well.
Drilling will evaluate lithium prospectivity in E3’s billion-dollar Clearwater Project area east of Olds, Alberta.
The operation will begin by the end of June and run through mid-July, yielding critical data to support the upgrade of the resource to Indicated and Measured for an upcoming Pre-Feasibility Study.
The company intends to complete and test a total of three wells.
“We are very excited about this license as it marks the first ever well drilled in Alberta specifically targeting lithium evaluation,” said Chris Doornbos, CEO of E3. “For our company, this represents the next step in our path to commercialization and producing high quality, EV-ready lithium.”
“This license is a direct result of the Alberta government’s passing of Bill 82,” he added, “and we are proud to be leading this emerging industry that supports the diversification of Alberta’s economy and the energy transition.”
E3 Lithium is developing its inferred Alberta-based resource of 7M tonnes of lithium carbonate equivalent.
E3 Lithium (ETMC) is down by 0.57 per cent trading at $1.75 per share as of 10:12 am EST.
