E3 Lithium Receives Final Alberta Innovates Payment, Successfully Completing Its $1.8M Grant.
E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3 Lithium” or the “Company,” a leader in Canadian lithium, is pleased to announce it has received the final progress payment of $375,000 from Alberta Innovates, which was part of a larger $1.8MCAD non-repayable grant awarded in 2021.
The Alberta Innovates grant supported the development and demonstration of Direct Lithium Extraction (DLE) technology on E3 Lithium’s Leduc brines, including the scale up from lab prototype to the Field Pilot Plant the Company operated in 2023 with successful results. Through the support of Alberta Innovates, E3 Lithium has successful de-risked the commercial viability of its brines and has selected a DLE and flowsheet for its first commercial facility that outlines the most viable path to commercial operations.
Chris Doornbos, President and CEO of E3 Lithium, said:
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The funding we received from Alberta Innovates was instrumental in enabling E3 Lithium to demonstrate DLE at pilot scale, supporting the development of our lithium asset in Alberta towards commercialization.
“We are very excited about the next steps for E3 Lithium with the hard work of demonstrating and selecting technology now complete.”
Since the successful operation of the 2023 Field Pilot Plant, E3 Lithium has been focusing on completing advanced engineering studies, progressing its consultation and permitting programs and continuing discussions with offtake customers as it advances towards commercial construction and operation.
Laura Kilcrease, CEO of Alberta Innovates, said:
Alberta Innovates advances clean resource technologies to grow and diversify industries in the province and protect the environment.
“E3’s direct lithium extraction technology is part of that development pathway. This milestone is an important step for the company as well as demonstrating the value of our innovation ecosystem overall,”
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E3 Lithium Receives Final Alberta Innovates Payment, Successfully Completing Its $1.8M Grant. source
