E3 Lithium (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), Alberta’s leader in lithium development and technology innovation, has announced the discovery of elevated lithium levels in the Nisku Aquifer through a recent sampling in the Clearwater Project Area.
Impressive Lithium Grades Found in Nisku Aquifer
The company achieved remarkable lithium grades as high as 87 mg/L. E3 Lithium’s sampling activities spanned six different wells, indicating significant increases from historical data. This enhancement opens possibilities for producing commercial lithium quantities from an additional source.
Details on the Nisku Aquifer Discovery
Field results showed varying lithium concentrations, with one outlier at 65 mg/L potentially due to contamination, which is under further investigation. President and CEO Chris Doornbos highlighted the importance of this development, which mirrors the prolific nature of Alberta’s oil production in the Nisku.
Advancing Exploration Efforts
E3 Lithium has not yet finalized a resource estimate for the Nisku Aquifer, but it holds promise to supplement the company’s substantial resources from the Leduc Aquifer.
About E3 Lithium
With 16.0 million tonnes LCE Measured and Indicated, and 0.9 million tonnes LCE Inferred, E3 Lithium is committed to supplying high-purity, battery-grade lithium. The Clearwater Project’s Preliminary Economic Assessment reflects strong economic potential, with an NPV8% of USD 1.1 billion pre-tax.
For investor and media relations, reach out to Director Robin Boschman at 587-324-2775 or via email.
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