Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries GM Expands Its Battery Metals Supply With Investment in Lithium Tech Company By: PressReach April 21, 2023 at 10:07 AM EDT As it dives deeper into the mining industry, General Motors Co. (NYSE:GM) is investing in lithium technology company EnergyX. This is the carmaker’s latest arrangement to assure long-term supplies of the metal required to create electric vehicle batteries. The global push by automakers to electrify their fleets has resulted in a rush for consistent supply of lithium, copper, nickel, and other essential minerals. Demand is predicted to outstrip supply by the end of the decade, sparking interest in alternative manufacturing methods. As part of the investment, GM’s experts will assist EnergyX in commercializing the direct lithium extraction (DLE) technology, attempting to succeed over rivals Rio Tinto Ltd (NYSE:RIO) and BMW-backed Lilac Solutions Inc. Earlier this year, GM agreed to spend $650 million to become the largest shareholder in Lithium Americas Corp (TSX:LAC) (NYSE:LAC), which is developing the Thacker Pass clay lithium project in Nevada. Currently, Albemarle‘s Silver Peak brine plant in Nevada is the only producing mine in North America, however other projects are being developed including E3 Lithium’s (TSXV:ETL) (OTCQX:EEMMF) Clearwater Lithium Project in Alberta. Alberta’s leading lithium developer and extraction technology pioneer E3 Lithium (TSXV:ETL) (OTCQX:EEMMF) is making significant progress in developing its lithium resource at the Clearwater Lithium Project in Alberta, as well as piloting Direct Lithium Extraction (DLE) technology in the field in 2023. On April 21, E3 Lithium announced that it has filed its fourth quarter and full year 2022 financial results. Some of the highlights from last year include receiving $27 million from the Government of Canada’s Strategic Innovation Fun, executing a US$5 million strategic agreement with Imperial Oil and signing a memorandum of understanding with Pure Lithium, which produced a lithium metal battery using E3’s lithium concentrate. Over the last 12 months, the company also oversaw the successful manufacture of its first batch commercial scale sorbent which is critical to the success and commercialization of its ion-exchange DLE technology and drilled the first two brine production wells at the Clearwater Project to evaluate lithium and sampled a total of three wells, confirming the producibility of the aquifer and lithium concentrations in its proposed production area. The Company has filed its E3 Lithium 43-101 Technical Report: Lithium Resource Estimate, Bashaw District Project, Central Alberta. E3 Lithium recently announced that its Facility Application for its 2023 field pilot plant has been approved by the Alberta Energy Regulator (AER). The AER license permits E3 to build and operate the equipment required to run the direct lithium extraction pilot, which is scheduled to commence operations in Q3 2023. The prototype plant will be placed east of the Town of Olds in E3’s Clearwater Project Area, at the first well drilled in E3’s 2022 initial drill program. E3 Lithium revealed the plans and timetable for the field pilot in a news release on February 2, 2023. “Since communicating our plans to start operating our field pilot plant in Q3 of this year, we have made excellent progress,” said E3 Lithium President and CEO Chris Doornbos. “We are incredibly excited to be field testing ion exchange technology for direct lithium extraction in real-world operating conditions this year.” In March, E3 Lithium announced that its mineral resource has been upgraded to Measured and Indicated (M&I). The mineral resource update for the Bashaw District contains 6.6 million tonnes (Mt) of measured lithium carbonate equivalent (LCE) and 9.4 Mt of indicated LCE, for a combined total of 16.0 Mt M&I. According to Natural Resources Canada, Canada has 3.2 Mt of M&I lithium resources in hard rock deposits meaning E3 holds the world’s largest M&I mineral resource with 16.0 Mt of LCE. Visit this link to find out more about E3 Lithium Ltd (TSXV:ETL) (OTCQX:EEMMF). Companies Are Making Acquisitions and Boosting Capacity General Motors (NYSE:GM) recently announced that it is leading a $50 million Series B fundraising round in Exploration Technologies Inc, and the two companies have formed a strategic agreement to expand EnergyX’s lithium extraction and refinery technology. The deal intends to boost the availability of lithium, a critical material for EV batteries, in North America by utilizing EnergyX’s groundbreaking approach to maximize efficiency while enhancing sustainability for GM‘s rapidly scaling EV production. Direct lithium extraction (DLE) technology from EnergyX can produce lithium metal directly from brine and potentially in anode-ready form for EV batteries, enabling more cost-effective and sustainable lithium recovery and unlocking a vast North American lithium supply chain that would otherwise be unviable. Rio Tinto (NYSE:RIO) has started construction at its Alma, Quebec smelter to boost its capacity to cast low-carbon, high-value aluminum billets by 202,000 metric tonnes. The existing casting center will be upgraded with new cutting-edge equipment including furnaces, a casting pit, coolers, handling, inspection, sawing, and packing systems. The commissioning date is set for the first half of 2025. The C$240 million investment will enable Rio Tinto to utilize more of its aluminum production to produce billets using renewable hydroelectric power. Rio Tinto will be able to be more nimble and adaptable in fulfilling the projected increased demand from North American extruders for a variety of high-value-added products, primarily for the automotive and construction industries, as a result of this agreement. Lithium Americas (TSX:LAC) (NYSE:LAC) announced in March that construction has begun at its 100%-owned Thacker Pass lithium project in Humboldt County, Nevada, after receipt of the Bureau of Land Management’s (BLM) notice to proceed. Thacker Pass intends to produce 80,000 tonnes of battery-grade lithium carbonate (Li2CO3) in two 40,000 tpa phases. With the creation of 500 operating jobs and 1,000 construction positions, the first stage of production is expected to start in the second half of 2026. Following Liontown Resources’ March 28, 2023 ASX announcement, Albemarle (NYSE:ALB) has acknowledged receiving the information and confirmed that it has made a non-binding proposal to acquire all of the company’s outstanding shares through a scheme of arrangement for A$2.50 or US$1.661 per share in cash, valuing Liontown at A$5.2 or US$3.4 billion on an enterprise basis. The per share consideration indicates a significant premium to Liontown owners as well as a significant premium over comparable benchmarks, according to Albemarle, who believes the proposal represents an appealing opportunity for Liontown shareholders. E3 Lithium has received C$3.545 million from the Government of Canada’s Critical Minerals Research, Development, and Demonstration (CMRDD) program, as well as $4.9 million from the exercise of warrants from financings that closed in December 2020 and February 2021. Featured Image @ Depositphotos Disclosure: 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, E3 Lithium Ltd. Market Jar Media Inc. has or expects to receive from E3 Lithium Ltd’s Digital Marketing Agency of Record (Native Ads Inc.) three hundred and four thousand CAD for 33 days (24 business days). 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.’s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding E3 Lithium Ltd.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to E3 Lithium Ltd.’s industry; (b) market opportunity; (c) E3 Lithium Ltd.’s business plans and strategies; (d) services that E3 Lithium Ltd. intends to offer; (e) E3 Lithium Ltd.’s milestone projections and targets; (f) E3 Lithium Ltd.’s expectations regarding receipt of approval for regulatory applications; (g) E3 Lithium Ltd.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) E3 Lithium Ltd.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute E3 Lithium Ltd.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) E3 Lithium Ltd.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) E3 Lithium Ltd.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) E3 Lithium Ltd.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of E3 Lithium Ltd. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) E3 Lithium Ltd.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact E3 Lithium Ltd.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing E3 Lithium Ltd.’s business operations (e) E3 Lithium Ltd. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, E3 Lithium Ltd. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does E3 Lithium Ltd. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither E3 Lithium Ltd. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of E3 Lithium Ltd. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of E3 Lithium Ltd. or such entities and are not necessarily indicative of future performance of E3 Lithium Ltd. or such entities. 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GM Expands Its Battery Metals Supply With Investment in Lithium Tech Company By: PressReach April 21, 2023 at 10:07 AM EDT As it dives deeper into the mining industry, General Motors Co. (NYSE:GM) is investing in lithium technology company EnergyX. This is the carmaker’s latest arrangement to assure long-term supplies of the metal required to create electric vehicle batteries. The global push by automakers to electrify their fleets has resulted in a rush for consistent supply of lithium, copper, nickel, and other essential minerals. Demand is predicted to outstrip supply by the end of the decade, sparking interest in alternative manufacturing methods. As part of the investment, GM’s experts will assist EnergyX in commercializing the direct lithium extraction (DLE) technology, attempting to succeed over rivals Rio Tinto Ltd (NYSE:RIO) and BMW-backed Lilac Solutions Inc. Earlier this year, GM agreed to spend $650 million to become the largest shareholder in Lithium Americas Corp (TSX:LAC) (NYSE:LAC), which is developing the Thacker Pass clay lithium project in Nevada. Currently, Albemarle‘s Silver Peak brine plant in Nevada is the only producing mine in North America, however other projects are being developed including E3 Lithium’s (TSXV:ETL) (OTCQX:EEMMF) Clearwater Lithium Project in Alberta. Alberta’s leading lithium developer and extraction technology pioneer E3 Lithium (TSXV:ETL) (OTCQX:EEMMF) is making significant progress in developing its lithium resource at the Clearwater Lithium Project in Alberta, as well as piloting Direct Lithium Extraction (DLE) technology in the field in 2023. On April 21, E3 Lithium announced that it has filed its fourth quarter and full year 2022 financial results. Some of the highlights from last year include receiving $27 million from the Government of Canada’s Strategic Innovation Fun, executing a US$5 million strategic agreement with Imperial Oil and signing a memorandum of understanding with Pure Lithium, which produced a lithium metal battery using E3’s lithium concentrate. Over the last 12 months, the company also oversaw the successful manufacture of its first batch commercial scale sorbent which is critical to the success and commercialization of its ion-exchange DLE technology and drilled the first two brine production wells at the Clearwater Project to evaluate lithium and sampled a total of three wells, confirming the producibility of the aquifer and lithium concentrations in its proposed production area. The Company has filed its E3 Lithium 43-101 Technical Report: Lithium Resource Estimate, Bashaw District Project, Central Alberta. E3 Lithium recently announced that its Facility Application for its 2023 field pilot plant has been approved by the Alberta Energy Regulator (AER). The AER license permits E3 to build and operate the equipment required to run the direct lithium extraction pilot, which is scheduled to commence operations in Q3 2023. The prototype plant will be placed east of the Town of Olds in E3’s Clearwater Project Area, at the first well drilled in E3’s 2022 initial drill program. E3 Lithium revealed the plans and timetable for the field pilot in a news release on February 2, 2023. “Since communicating our plans to start operating our field pilot plant in Q3 of this year, we have made excellent progress,” said E3 Lithium President and CEO Chris Doornbos. “We are incredibly excited to be field testing ion exchange technology for direct lithium extraction in real-world operating conditions this year.” In March, E3 Lithium announced that its mineral resource has been upgraded to Measured and Indicated (M&I). The mineral resource update for the Bashaw District contains 6.6 million tonnes (Mt) of measured lithium carbonate equivalent (LCE) and 9.4 Mt of indicated LCE, for a combined total of 16.0 Mt M&I. According to Natural Resources Canada, Canada has 3.2 Mt of M&I lithium resources in hard rock deposits meaning E3 holds the world’s largest M&I mineral resource with 16.0 Mt of LCE. Visit this link to find out more about E3 Lithium Ltd (TSXV:ETL) (OTCQX:EEMMF). Companies Are Making Acquisitions and Boosting Capacity General Motors (NYSE:GM) recently announced that it is leading a $50 million Series B fundraising round in Exploration Technologies Inc, and the two companies have formed a strategic agreement to expand EnergyX’s lithium extraction and refinery technology. The deal intends to boost the availability of lithium, a critical material for EV batteries, in North America by utilizing EnergyX’s groundbreaking approach to maximize efficiency while enhancing sustainability for GM‘s rapidly scaling EV production. Direct lithium extraction (DLE) technology from EnergyX can produce lithium metal directly from brine and potentially in anode-ready form for EV batteries, enabling more cost-effective and sustainable lithium recovery and unlocking a vast North American lithium supply chain that would otherwise be unviable. Rio Tinto (NYSE:RIO) has started construction at its Alma, Quebec smelter to boost its capacity to cast low-carbon, high-value aluminum billets by 202,000 metric tonnes. The existing casting center will be upgraded with new cutting-edge equipment including furnaces, a casting pit, coolers, handling, inspection, sawing, and packing systems. The commissioning date is set for the first half of 2025. The C$240 million investment will enable Rio Tinto to utilize more of its aluminum production to produce billets using renewable hydroelectric power. Rio Tinto will be able to be more nimble and adaptable in fulfilling the projected increased demand from North American extruders for a variety of high-value-added products, primarily for the automotive and construction industries, as a result of this agreement. Lithium Americas (TSX:LAC) (NYSE:LAC) announced in March that construction has begun at its 100%-owned Thacker Pass lithium project in Humboldt County, Nevada, after receipt of the Bureau of Land Management’s (BLM) notice to proceed. Thacker Pass intends to produce 80,000 tonnes of battery-grade lithium carbonate (Li2CO3) in two 40,000 tpa phases. With the creation of 500 operating jobs and 1,000 construction positions, the first stage of production is expected to start in the second half of 2026. Following Liontown Resources’ March 28, 2023 ASX announcement, Albemarle (NYSE:ALB) has acknowledged receiving the information and confirmed that it has made a non-binding proposal to acquire all of the company’s outstanding shares through a scheme of arrangement for A$2.50 or US$1.661 per share in cash, valuing Liontown at A$5.2 or US$3.4 billion on an enterprise basis. The per share consideration indicates a significant premium to Liontown owners as well as a significant premium over comparable benchmarks, according to Albemarle, who believes the proposal represents an appealing opportunity for Liontown shareholders. E3 Lithium has received C$3.545 million from the Government of Canada’s Critical Minerals Research, Development, and Demonstration (CMRDD) program, as well as $4.9 million from the exercise of warrants from financings that closed in December 2020 and February 2021. Featured Image @ Depositphotos Disclosure: 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, E3 Lithium Ltd. Market Jar Media Inc. has or expects to receive from E3 Lithium Ltd’s Digital Marketing Agency of Record (Native Ads Inc.) three hundred and four thousand CAD for 33 days (24 business days). 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.’s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding E3 Lithium Ltd.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to E3 Lithium Ltd.’s industry; (b) market opportunity; (c) E3 Lithium Ltd.’s business plans and strategies; (d) services that E3 Lithium Ltd. intends to offer; (e) E3 Lithium Ltd.’s milestone projections and targets; (f) E3 Lithium Ltd.’s expectations regarding receipt of approval for regulatory applications; (g) E3 Lithium Ltd.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) E3 Lithium Ltd.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute E3 Lithium Ltd.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) E3 Lithium Ltd.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) E3 Lithium Ltd.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) E3 Lithium Ltd.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of E3 Lithium Ltd. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) E3 Lithium Ltd.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact E3 Lithium Ltd.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing E3 Lithium Ltd.’s business operations (e) E3 Lithium Ltd. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, E3 Lithium Ltd. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does E3 Lithium Ltd. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither E3 Lithium Ltd. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of E3 Lithium Ltd. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of E3 Lithium Ltd. or such entities and are not necessarily indicative of future performance of E3 Lithium Ltd. or such entities. 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As it dives deeper into the mining industry, General Motors Co. (NYSE:GM) is investing in lithium technology company EnergyX. This is the carmaker’s latest arrangement to assure long-term supplies of the metal required to create electric vehicle batteries. The global push by automakers to electrify their fleets has resulted in a rush for consistent supply of lithium, copper, nickel, and other essential minerals. Demand is predicted to outstrip supply by the end of the decade, sparking interest in alternative manufacturing methods. As part of the investment, GM’s experts will assist EnergyX in commercializing the direct lithium extraction (DLE) technology, attempting to succeed over rivals Rio Tinto Ltd (NYSE:RIO) and BMW-backed Lilac Solutions Inc. Earlier this year, GM agreed to spend $650 million to become the largest shareholder in Lithium Americas Corp (TSX:LAC) (NYSE:LAC), which is developing the Thacker Pass clay lithium project in Nevada. Currently, Albemarle‘s Silver Peak brine plant in Nevada is the only producing mine in North America, however other projects are being developed including E3 Lithium’s (TSXV:ETL) (OTCQX:EEMMF) Clearwater Lithium Project in Alberta. Alberta’s leading lithium developer and extraction technology pioneer E3 Lithium (TSXV:ETL) (OTCQX:EEMMF) is making significant progress in developing its lithium resource at the Clearwater Lithium Project in Alberta, as well as piloting Direct Lithium Extraction (DLE) technology in the field in 2023. On April 21, E3 Lithium announced that it has filed its fourth quarter and full year 2022 financial results. Some of the highlights from last year include receiving $27 million from the Government of Canada’s Strategic Innovation Fun, executing a US$5 million strategic agreement with Imperial Oil and signing a memorandum of understanding with Pure Lithium, which produced a lithium metal battery using E3’s lithium concentrate. Over the last 12 months, the company also oversaw the successful manufacture of its first batch commercial scale sorbent which is critical to the success and commercialization of its ion-exchange DLE technology and drilled the first two brine production wells at the Clearwater Project to evaluate lithium and sampled a total of three wells, confirming the producibility of the aquifer and lithium concentrations in its proposed production area. The Company has filed its E3 Lithium 43-101 Technical Report: Lithium Resource Estimate, Bashaw District Project, Central Alberta. E3 Lithium recently announced that its Facility Application for its 2023 field pilot plant has been approved by the Alberta Energy Regulator (AER). The AER license permits E3 to build and operate the equipment required to run the direct lithium extraction pilot, which is scheduled to commence operations in Q3 2023. The prototype plant will be placed east of the Town of Olds in E3’s Clearwater Project Area, at the first well drilled in E3’s 2022 initial drill program. E3 Lithium revealed the plans and timetable for the field pilot in a news release on February 2, 2023. “Since communicating our plans to start operating our field pilot plant in Q3 of this year, we have made excellent progress,” said E3 Lithium President and CEO Chris Doornbos. “We are incredibly excited to be field testing ion exchange technology for direct lithium extraction in real-world operating conditions this year.” In March, E3 Lithium announced that its mineral resource has been upgraded to Measured and Indicated (M&I). The mineral resource update for the Bashaw District contains 6.6 million tonnes (Mt) of measured lithium carbonate equivalent (LCE) and 9.4 Mt of indicated LCE, for a combined total of 16.0 Mt M&I. According to Natural Resources Canada, Canada has 3.2 Mt of M&I lithium resources in hard rock deposits meaning E3 holds the world’s largest M&I mineral resource with 16.0 Mt of LCE. Visit this link to find out more about E3 Lithium Ltd (TSXV:ETL) (OTCQX:EEMMF). Companies Are Making Acquisitions and Boosting Capacity General Motors (NYSE:GM) recently announced that it is leading a $50 million Series B fundraising round in Exploration Technologies Inc, and the two companies have formed a strategic agreement to expand EnergyX’s lithium extraction and refinery technology. The deal intends to boost the availability of lithium, a critical material for EV batteries, in North America by utilizing EnergyX’s groundbreaking approach to maximize efficiency while enhancing sustainability for GM‘s rapidly scaling EV production. Direct lithium extraction (DLE) technology from EnergyX can produce lithium metal directly from brine and potentially in anode-ready form for EV batteries, enabling more cost-effective and sustainable lithium recovery and unlocking a vast North American lithium supply chain that would otherwise be unviable. Rio Tinto (NYSE:RIO) has started construction at its Alma, Quebec smelter to boost its capacity to cast low-carbon, high-value aluminum billets by 202,000 metric tonnes. The existing casting center will be upgraded with new cutting-edge equipment including furnaces, a casting pit, coolers, handling, inspection, sawing, and packing systems. The commissioning date is set for the first half of 2025. The C$240 million investment will enable Rio Tinto to utilize more of its aluminum production to produce billets using renewable hydroelectric power. Rio Tinto will be able to be more nimble and adaptable in fulfilling the projected increased demand from North American extruders for a variety of high-value-added products, primarily for the automotive and construction industries, as a result of this agreement. Lithium Americas (TSX:LAC) (NYSE:LAC) announced in March that construction has begun at its 100%-owned Thacker Pass lithium project in Humboldt County, Nevada, after receipt of the Bureau of Land Management’s (BLM) notice to proceed. Thacker Pass intends to produce 80,000 tonnes of battery-grade lithium carbonate (Li2CO3) in two 40,000 tpa phases. With the creation of 500 operating jobs and 1,000 construction positions, the first stage of production is expected to start in the second half of 2026. Following Liontown Resources’ March 28, 2023 ASX announcement, Albemarle (NYSE:ALB) has acknowledged receiving the information and confirmed that it has made a non-binding proposal to acquire all of the company’s outstanding shares through a scheme of arrangement for A$2.50 or US$1.661 per share in cash, valuing Liontown at A$5.2 or US$3.4 billion on an enterprise basis. The per share consideration indicates a significant premium to Liontown owners as well as a significant premium over comparable benchmarks, according to Albemarle, who believes the proposal represents an appealing opportunity for Liontown shareholders. E3 Lithium has received C$3.545 million from the Government of Canada’s Critical Minerals Research, Development, and Demonstration (CMRDD) program, as well as $4.9 million from the exercise of warrants from financings that closed in December 2020 and February 2021. Featured Image @ Depositphotos Disclosure: 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, E3 Lithium Ltd. Market Jar Media Inc. has or expects to receive from E3 Lithium Ltd’s Digital Marketing Agency of Record (Native Ads Inc.) three hundred and four thousand CAD for 33 days (24 business days). 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. 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Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding E3 Lithium Ltd.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to E3 Lithium Ltd.’s industry; (b) market opportunity; (c) E3 Lithium Ltd.’s business plans and strategies; (d) services that E3 Lithium Ltd. intends to offer; (e) E3 Lithium Ltd.’s milestone projections and targets; (f) E3 Lithium Ltd.’s expectations regarding receipt of approval for regulatory applications; (g) E3 Lithium Ltd.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) E3 Lithium Ltd.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute E3 Lithium Ltd.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) E3 Lithium Ltd.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) E3 Lithium Ltd.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) E3 Lithium Ltd.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of E3 Lithium Ltd. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) E3 Lithium Ltd.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact E3 Lithium Ltd.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing E3 Lithium Ltd.’s business operations (e) E3 Lithium Ltd. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, E3 Lithium Ltd. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does E3 Lithium Ltd. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither E3 Lithium Ltd. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of E3 Lithium Ltd. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of E3 Lithium Ltd. or such entities and are not necessarily indicative of future performance of E3 Lithium Ltd. or such entities. 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