May 17, 2023
E3 Lithium Ltd. (TSXV:ETL, BUY, C$13.00 target, Alina Islam, David A. Talbot) has commenced construction of the field pilot plant at its 100%-owned Alberta Li-brine project. On-site work, including the installation and operation of downhole equipment for brine production is underway. Once complete, a pre-pilot reservoir test is planned to enhance the understanding of reservoir fluid characterization for future development work. Additionally, the site is being prepared for equipment arrival, with piping and protective structure installation expected in the next four to six weeks. Finally, DLE process equipment including E3’s sorbent which is manufactured offsite, is anticipated to arrive early next quarter. Management estimates the commissioning process to take four weeks prior to commencing operations, which remains on track and budget for Q3/23. Read more
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E3 Lithium Ltd. – TSXV:ETL
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