E3 Lithium employees walk through the company's lithium pilot plant near Olds, Alta., Thursday, Sept. 7, 2023. THE CANADIAN PRESS/Jeff McIntosh.
The development is the first public indication that major foreign investors are eyeing Alberta’s lithium resources. Until recently, there has been little interest in developing this deposit, but the growth in electric vehicles and exponential demand for lithium-ion batteries has changed that. One Calgary-based company, a publicly traded junior resource company called E3, has developed its own technology to extract the lithium that occurs naturally with‘s oilfield brines. E3 holds the mineral rights to an estimated 16 million tonnes of lithium resource and hopes to open a full-scale commercial plant in the central part of the province by late 2026.He said the company also has the capital and expertise to invest up and down the entire lithium supply chain.
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