Imperial and E3 Lithium form strategic agreement on lithium pilot project in Alberta
Advances E3 Lithium's Clearwater Project with Imperial funding contribution
Pilot project progresses commercialization of battery-grade lithium from historic Leduc field for electric vehicles and energy storage
Imperial to provide technical and development support
CALGARY, AB, June 23, 2022 - Imperial Oil Limited (TSE: IMO) (NYSE American: IMO) and E3 Lithium (TSXV: ETMC) (OTCQX: EEMMF) announced today a collaboration to advance a lithium-extraction pilot in Alberta, exploring the redevelopment of an historic oil field into a potential new leading source of lithium for Canada's growing critical minerals industry.
The pilot will support E3 Lithium's Clearwater project, which will draw lithium from under the Leduc oil field, Imperial's historic discovery that first launched major oil and gas development in Western Canada. E3 Lithium's proprietary technology is designed to extract the critical mineral from the lithium-rich brine, with potential for commercial development of battery-grade products.
- Category: Rare Earth Metals
- Published: 23 June 2022
- Written by Editor