E3 Metals is developing a lithium brine project utilizing Direct Lithium Extraction processes. With simplified commercializing by building on the backbone of the oil and gas industry in Alberta, the company is working towards a pilot, planned for 2021. Once past this critical stage in the project development, E3 Metals will complete the construction decision of 20,000 t/year of lithium outlined in a Pre-Feasibility Report.
In the fall of 2019, E3 partnered with Livent Corp (NYSE : LTHM) to assist in the development and pilot of its direct lithium extraction process. The joint development agreement has Livent contributing up to USD $5.5 million to fund this development and the pilot plant construction and operation.
E3 Metals has one of the largest lithium resources amongst its lithium peers with 6.7 Million Tonnes* (Mt) of lithium carbonate equivalent (LCE), hosted in the world class Leduc Reservoir.
E3 Metals’ proprietary primary extraction process has an extremely high affinity for lithium over other elements in lithium brines. This allows E3 Metals’ direct lithium extraction (DLE) technology to quickly and efficiently remove lithium from brine, without the use of evaporation ponds, that produces a high grade, high purity lithium concentrate. This concentrate can be processed using conventional methods into high value lithium products.
Follow E3 Metals as we work with Livent Corp to pilot our direct lithium extraction technology. Once this major milestone is completed, the company anticipates moving rapidly towards commercialization. This is because E3 Metals is developing on the backbone of the mature and sophisticated oil industry and our project will operate in a very similar manner. The skills and expertise are readily available, including the ability to repurpose existing infrastructure. Once in operation, E3 Metals’ Alberta Lithium Project will be one of the few to produce battery quality lithium from a stable jurisdiction with a well-established social license.