There is new energy in Alberta and companies like E3 Metals are leading the way! Chris Doornbos, President and CEO of E3 Metals joins Crownsmen Energy to discuss why that is changing. E3 Metals is a lithium development Company with 7.0 million tonnes of lithium carbonate equivalent (LCE) inferred mineral resources in Alberta and an NPV8% on its Clearwater Lithium Project of USD 1.1 Billion with a 32% IRR pre-tax and USD 820 Million with a 27% IRR after-tax. Here are 6 reasons E3 sees both their company and the province of Alberta in a good position to lead the way in lithium extraction and processing:
◾️ Significant lithium resources with the potential to expand
◾️ Commodity prices on the rise
◾️ Lithium extraction technology that concentrated and cleans the brine
◾️ Opportunity to repurpose oil and gas infrastructure.
◾️ Stable jurisdiction with secure permitting in Alberta
◾️ Low environmental impact in relation to all current lithium sources
Through the successful scale up of its DLE technology towards commercialization, E3 Metals’ goal is to produce high purity, battery grade, lithium products. With a significant lithium resource and innovative technology solutions, E3 Metals has the potential to deliver lithium to market from one of the best jurisdictions in the world. E3 Metals also continues to work with partners at the University of Alberta and at GreenCentre Canada.
Key Facts and Projections about E3 Metals and the Lithium Market
◾️ 300 M EV to markets by 2025
◾️ Production must increase by 500% to meet demand in 10 years
◾️ Nations are designating Lithium and essential metal
◾️ E3 Metals be the first Lithium mine in Canada
◾️ Alberta has extensive infrastructure, Social License, and 7 million tonnes of Lithium resources
◾️ Pumping lithium to the surface will be done with repurposed existing infrastructure
◾️ E3 Metals plans to separate lithium from Brine using proprietary Direct Lithium Extraction (“DLE”) technology.: (Existing brine extraction methods often make use of “salt flats” where solar evaporation ponds are created to separate the lithium minerals from the brine.)
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Mining Now is a joint mining podcast and web series produced by CIM/ICM and Crownsmen Partners. Join us to learn about the latest innovations in operating mines to increase energy efficiency and production. We look into modern mining and processing equipment including autonomous vehicles and IOT technology. Experts tackle everything from skilled labour shortages to team building to meeting evolving safety regulations. This is the mining of today that will shape the mines of tomorrow.