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Alberta lithium company E3 pegs capital cost of proposed project at $2.47B

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Alberta Economy,E3 Lithium,Lithium

E3 says its project would have an initial capacity of 32,250 tonnes of lithium hydroxide per year.

WATCH ABOVE: E3 Lithium is in the process of drilling Alberta's first ever lithium-specific well in the same week it secured funding from Imperial Oil to carry on its pilot project. – Jun 24, 2022that occurs naturally within Alberta’s oilfield brines has pegged the estimated capital cost of its proposed Clearwater project at $2.47 billion.

The company — which has financial backing from Imperial Oil Ltd. — announced Wednesday it has completed a pre-feasibility study that establishes a “clear and viable pathway” to commercialization.The company is proposing to use carbon capture and storage technology to reduce emissions from its lithium processing facility, though the cost of that equipment is not included in the project’s estimated price tag.

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