E3 Lithium Receives $27M Investment from the Government of Canada's Strategic Innovation Fund
CALGARY, AB, Nov. 28, 2022 - E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), Alberta's leading lithium developer and extraction technology innovator, today announced it has received a $27M CAD investment from the Government of Canada's Innovation, Science and Economic Development's Strategic Innovation Fund (SIF).
The SIF's objective is to spur innovation for a better Canada by providing funding for large projects and national innovation ecosystems. With today's announcement, E3 Lithium (E3) joins such companies as Rio Tinto (ASX: RIO), Stellantis (NYSE: STLA) and General Motors (NYSE: GM) who have recently received funding under this program.
"Canada has everything it needs to build the EVs and batteries that consumers are demanding, and Alberta is key to building that ecosystem and accelerating the low carbon economy. E3 Lithium's ground-breaking technology will play an important role in providing large quantities of battery grade lithium to the auto industry while also creating high quality jobs for Canadians. This project will help position Canada as a world leader in batteries and will strengthen the critical minerals sector in the Calgary region."
– The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry
- Category: Rare Earth Metals
- Published: 28 November 2022
- Written by Editor