E3 Lithium Ltd (ETL)

[TradingCharts]

The beautiful thing with E3 is they do not have to spend money to drill to test the brine. All E3 has to do is test the well water/brine that is there, at the oil well. This must be why we had 2 nice days.

The Company sampled Nisku brine as well as the Leduc brine from available oil and gas production wells as part of E3 Metals' ongoing exploration and development. A total of 17 samples were collected across the Nisku and all have demonstrated the presence of higher-grade dissolved lithium within the formation brine. Lithium grades range between 37.4 mg/L and 75.0 mg/L. Using E3 Metals' proprietary direct lithium extraction (DLE) process, Leduc brines with grades on the top end of Nisku's sampled range have demonstrated the ability to quickly and efficiently concentrate to over 5000 mg/L.