- Alberta-based E3 Metals is one of several companies pursuing a promising technology that could open up new frontiers in lithium mining.
- A preliminary economic analysis valued E3's initial project at more than $800 million, more than six times its current market cap.
- The company says it has enough resources in its permit area to expand production to seven times the size of its initial project.
- Two fledgling companies pursuing lithium extraction strategies similar to E3's have realized market caps of over $1 billion.
- The price of battery-grade lithium has risen parabolically over the past 18 months and is likely to remain elevated for the foreseeable future due a supply deficit.
For further details see:
E3 Metals Seeks To Tap A Legendary Oilfield To Power The Green Energy Revolution