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Federal investment in E3 Lithium will support extraction: CEO

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Shares of E3 Lithium jumped Monday morning following an investment announcement from the federal government, where the funds will be used to create materials for batteries, according to the company’s chief executive.

Chris Doornbos, the president, CEO and director of E3 Lithium, said in an interview with BNN Bloomberg on Monday that the company has significant lithium brine resources in the repurposed Leduc oil field, located near Leduc County, Alta.

“The funding from the federal government is supporting that as well as the technology that we've developed that enables the extraction of lithium from these brines. So it's very exciting for us today,” Doornbos said.

 

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