E3 Metals
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | N/A | IPO | |
CAD100k | Grant | ||
CAD100k | Grant | ||
* | N/A | CAD8.0m | Post IPO Equity |
CAD500k | Grant | ||
* | $27.0m | Grant | |
* | CAD3.5m | Grant | |
* | N/A | CAD20.0m | Post IPO Equity |
Total Funding | CAD41.0m |
Recent News about E3 Metals
EditE3 Metals Corp is a Canadian company focused on the extraction and production of lithium from brine resources in Alberta. The company leverages its significant lithium-enriched brine resource, hosted in the prolific Leduc Reservoir, to produce lithium hydroxide, a key component in high-performance batteries used by companies like Tesla and Panasonic. E3 Metals operates in the energy and mining sector, targeting electric vehicle manufacturers and battery producers as its primary clients. The company’s business model revolves around extracting lithium from brine, a process well understood in Alberta due to extensive oil and gas development, and converting it into high-value lithium hydroxide. Revenue is generated through the sale of lithium hydroxide, which commands a higher market price compared to lithium carbonate. E3 Metals aims to capitalize on the growing demand for lithium driven by the global shift towards renewable energy and electric vehicles.
Keywords: lithium extraction, brine resources, Alberta, lithium hydroxide, electric vehicles, battery production, sustainable energy, mining sector, renewable energy, high-performance batteries.