E3 Lithium begins drilling the first lithium evaluation well in Alberta.

E3 Lithium begins drilling the first lithium evaluation well in Alberta.

Alberta's leading lithium developer and Direct Lithium Extraction (DLE) technology innovator are pleased to announce it has started drilling the first lithium evaluation well in Alberta. The well will be completed in E3's Clearwater Project area, east of the Town of Olds, Alberta. Drilling operations are expected to be completed by mid-July. Following drilling, a service rig will be moved on-site to commence testing of the formation to verify brine chemistry and flow rates.

"We are very excited about drilling and completing the first well in Alberta specifically targeting lithium," said Chris Doornbos, CEO of E3. "We are working with a local Alberta company, CWC Energy Services' drilling division, Ironhand, using a conventional oil and gas drill rig. This is an example of the benefits of operating in Alberta; having the ability to mobilize local equipment operated by local Albertans."

Alberta’s leading lithium developer and Direct Lithium Extraction (DLE) technology innovator has created its first successful battery through a collaboration with Pure Lithium. Pure Lithium used lithium produced from E3’s DLE technology to create the lithium metal that was used to produce a pouch cell battery. The goal of this initial testing was to demonstrate the proof of concept. The two companies have now signed a Memorandum of Understanding (MOU) to complete further testing and validation work.

“Creating the first battery using our lithium is a major accomplishment for E3,” said Chris Doornbos, CEO of E3 Lithium. “This small application proves the functionality of our product and assists in validating our business plans for the future. While E3 is focused on manufacturing lithium hydroxide to supply the burgeoning lithium-ion battery market for EVs, we believe lithium metal and solid-state batteries are likely to become a large part of the market.”

Given the success of producing lithium metal in the initial test program, the two companies have signed a MOU. The goal of this MOU is to complete a series of testing over the next six to nine months to define how E3 and Pure Lithium’s technologies can be combined to produce a commercially viable production process for both lithium metal electrodes and batteries.

“We are excited by these proof-of-concept results,” said Emilie Bodoin, Founder and CEO of Pure Lithium. “Our collaboration with E3 is very important to us as we work to secure sources of lithium for our future batteries.”

Imperial and E3 Lithium form strategic agreement on lithium pilot project in Alberta  

  • Advances E3 Lithium’s Clearwater Project with Imperial funding contribution
  • The pilot project progresses the commercialization of battery-grade lithium from the historic Leduc field for electric vehicles and energy storage
  • Imperial to provide technical and development support

About E3 Lithium E3 Lithium is a development company with 7.0 million tonnes of lithium carbonate equivalent (LCE) inferred mineral resources1 in Alberta and an NPV8% on its Clearwater Lithium Project of USD 1.1 Billion with a 32% IRR pre-tax and USD 820 Million with a 27% IRR after-tax1. Through the successful scale of its DLE technology towards commercialization, E3 Lithium’s goal is to produce high purity, battery-grade lithium products. With a significant lithium resource and innovative technology solutions, E3 Lithium has the potential to deliver lithium to market from one of the best jurisdictions in the world. 

Drilling E3 Lithium #1 

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