We are initiating coverage on E3 Metals Corp. (TSXV:ETMC) with a BUY rating and C$7.50 target price, representing 211% upside from the current share price. E3 is developing its 100%-owned Alberta Li-brine project, which comprises several properties covering the Leduc Aquifer, host to one of the largest Li resources in the world. The most advanced prospect is Clearwater, which E3 is advancing to commercialization, with planned annual production of at least 20,000 t LHM by 2026 using its proprietary Direct Lithium Extraction (DLE) technology. While Clearwater’s economics are compelling as is, we feel that the real prize is scaling-up production and turning Alberta into a major lithium hub.
Tag: E3 Metals Corp.
Yesterday, Benchmark Mineral Intelligence (BMI) and Red Cloud hosted the Lithium-ion Battery Supply Chain Conference, which featured 13 presenting lithium and battery metal companies and four keynote speakers: Andy Miller and Daisy Jennings-Gray from Benchmark Intelligence, Sam Pigott from Ganfeng Lithium, and Iola Hughes from Rho Motion. The conference had close to 300 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the event.
The 2022 Canadian Budget was announced yesterday. It seems to get a passing grade from trade groups such as the Steel Producers Association and Mining Association of Canada.
Yesterday, Red Cloud hosted the first day of its three-day 2022 Very Pre-PDAC Mining Showcase, which featured 36 presenting uranium and battery metal companies including our keynote speakers Andrew Leyland, Head of Strategic Advisory at Benchmark Mineral Intelligence and Anna Bryndza, Executive Vice President at UxC, LLC and had over 1,000 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. If you would like to attend Day Two and Three of Red Cloud’s 2022 Very Pre-PDAC Mining Showcase, register here. Replays are available on the Red Cloud website.