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E3 Lithium Ltd. (V:ETL)

Business Focus: Specialty Mining & Metals (NEC)

Sector:  Basic Materials Industry:  Specialty Mining & Metals
Company Contact
Address: Suite 1520, 300 - 5th Ave SW
Tel: N/A
IR: See website
Key People
John R. Pantazopoulos
Chairman of the Board, Company Secretary
Christopher Doornbos
President, Chief Executive Officer, Director
Raymond Chow
Chief Financial Officer, Corporate Secretary
Christopher Ward
Vice President - Clearwater Project
Business Overview
E3 Lithium Ltd. is a Canada-based development company. The Company is focused on commercial development of lithium extraction from brines contained in its mineral properties in Alberta. Its Direct Lithium Extraction (DLE) on-exchange technology uses a sorbent designed to be selective towards lithium ions. Its technology reduces volumes of low-grade brine into a high-grade lithium concentrate, removing nearly all impurities. This produces a clean product for the development of high purity lithium compounds used in Li-ion batteries. The Company has measured and indicated lithium resources in Canada, with 16.0 million tons (Mt) measured and indicated Lithium Carbonate Equivalent (LCE), hosted in the Leduc Aquifer. In addition, it has 0.9 Mt of inferred mineral resources in its Rocky Area.
Financial Overview
For the nine months ended 30 September 2023, E3 Lithium Ltd revenues was not reported. Net loss increased 39% to C$6.9M. Higher net loss reflects General and administrative increase of 50% to C$2.9M (expense), Business development and marketing increase of 75% to C$2.1M (expense), Share-based compensation increase of 34% to C$1.9M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.08 to -C$0.10.
Employees: 29 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $117.75M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$9.12M as of Sep 30, 2023
Net annual income (TTM): -$8.90M as of Sep 30, 2023
Free cash flow (TTM): -$18.56M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 75,269,397 as of Feb 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization