The investment comes through the Emissions Reduction Alberta (ERA) technology innovation and emissions reduction (TIER) fund. The project aims to help E3 Lithium achieve its goal of producing battery-grade lithium carbonate from Alberta’s brine resources.
“E3 is on the path to building a new industry in the province. As we prove the technology at an increasing scale, we increase the certainty that Alberta can be a major lithium-producing jurisdiction,” said E3 Lithium president and CEO Chris Doornbos in a release.
“ERA’s funding is crucial for developing a commercial facility and producing battery-grade lithium. This investment not only supports E3 but also opens new opportunities for the province and positions Alberta as a leader in critical minerals innovation.”
E3 Lithium shares rose 7.8% on the news, trading at C$1.24 per share at noon. The company has a market cap of C$94 million ($69 million).
The six-month…
