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E3 Lithium

09:28 AM EST - E3 Lithium : Announced the increase in its inferred mineral resource to 23.4 million tonnes of lithium carbonate equivalent (LCE) contained within the newly-named Bashaw District (the "Resource"). The Bashaw District combines and expands the Clearwater Resource and Exshaw Resource areas into a consolidated resource that contains an estimated total of 59 billion m 3 (59 km 3 ) of brine formation water at an average grade of 74.5 milligram/Litre (mg/L) lithium. "This increase clearly establishes E3 Lithium, and the Leduc Aquifer in this region, as being a globally-significant source of lithium," commented Chris Doornbos , E3's CEO. "With the combination of the Resource, and the Company's ion-exchange direct extraction technology, E3 continues to lead Alberta on the path to becoming a major lithium producing jurisdiction. With E3's significant resource, established social licence to operate, supportive government policy, low-risk and transparent regulatory processes, and stable tax and royalty systems, E3 is well-situated to realize commercial production of battery-grade lithium." E3 Lithium shares V.ETL are trading up 5 cents at $2.40.