E3 Lithium Files Clearwater Project NI 43-101 Technical Report
During the final validation and completion of the PFS in the Technical Report, minor adjustments were made to the classification of capital and operating costs of the
|
Units |
|
|
Sustaining Capital |
M US$ |
1,799 |
1,264 |
|
M US$ |
|
508 |
|
M US$ |
- |
27 |
NPV8 After Tax |
M US$ |
3,717 |
3,720 |
Finalized by the QP’s, the capital expenditure for carbonation is now reclassified to be included with the lithium extraction and purification unit costs. Economic metrics have been slightly adjusted, as the initial working capital has been excluded from the economic assessment and reclassified as a corporate cost. Abandonment costs and major maintenance are now included in capital expenditures rather than operating expenses.
The Technical Report was prepared for
We encourage readers to review the Technical Report in its entirety, including all assumptions, qualifications, and exclusions.
ON BEHALF OF THE BOARD OF DIRECTORS
About
1: The Clearwater Pre-Feasibility Study news release dated
2: The mineral resource NI 43-101 Technical Report for the North Rocky Property, effective
3: The mineral resource NI 43-101 Technical Report for the
Forward-Looking and Cautionary Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions or forward-looking information within the meaning of applicable securities laws. Forward-looking statements are frequently identified by such words as “believe”, “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend”, “project”, “potential”, “possible” and similar words referring to future events and results. Forward-looking statements are based on the current opinions, expectations, estimates and assumptions of management in light of its experience, perception of historical trends, and results of the PFS, but such statements are not guarantees of future performance. In particular, this news release contains forward-looking information relating to: the estimated mineral resources and mineral resources at the
All forward-looking information (including future-orientated financial information) is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the Company’s brine, risks related to the availability of financing on commercially reasonable terms and the expected use of proceeds; operations and contractual obligations; changes in estimated mineral reserves or mineral resources; future prices of lithium and other metals; availability of third party contractors; availability of equipment; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; the Company’s lack of operating revenues; currency fluctuations; risks related to dependence on key personnel; estimates used in financial statements proving to be incorrect; competitive risks and the availability of financing, as described in more detail in our recent securities filings available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
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Investor Relations
investor@e3lithium.ca
587-324-2775
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