E3 Lithium Said To Start Construction Of Pilot Plant
Construction is said to have begun on the pilot plant at E3 Lithium’s (TSXV: ETL) Clearwater project in Olds, Alberta. The commencement of construction activities follows the company receiving its facility license early last month.
The facility, which is to be located at the first of three wells that that company drilled in 2022, is said to be on track for completion in the third quarter. With a budget of between $4.0 and $6.0 million, the plant has been designed to test its extraction tech at a large scale under real world operating conditions.
“We are happy to remain on track and on budget for a successful pilot beginning operations in Q3 of 2023,” commented CEO Chris Doornbos.
READ: E3 Lithium Reports 16.0 Million Tonnes Of LCE Measured And Indicated At Lithium Brine Project
The company is said to currently be in the process of installing downhole equipment in advance of other equipment, such as the lithium extraction process equipment, arriving on site for install. The latter is said to be manufactured off-site, and will arrive early in the third quarter for install. Grading is also underway, which will be followed by the installation of piping and the outer structure over the next four to six weeks.
A pre-pilot reservoir test is also set to occur to gather data on the fluid characteristics, to be used for future development work.
E3 Lithium last traded at $2.75 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
