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Clearwater lithium project, Canada

22nd January 2021

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Clearwater lithium project.

Location
The project comprises more than 101 000 ha located in south-central Alberta, in Canada.

Project Owner/s
E3 Metals Corp.

Project Description
The project has inferred mineral resource estimates at 410 000 t of elemental lithium.

A preliminary economic assessment (PEA) has outlined a 20 000 t/d battery-quality lithium hydroxide monohydrate operation with a 20-year mine life.

The development plan includes three main process steps – brine production and pretreatment, direct lithium extraction and lithium production.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a net present value, at an 8% discount rate, of $1.1-billion and an internal rate of return of 32%, with an after-tax payback of 3.4 years.

Capital Expenditure
$602-million, including direct and indirect capital costs and $79.8-million in contingency.

Planned Start/End Date
Not stated.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
Scovan Engineering, NORAM Engineering and Constructors, GLJ and Fluid Domains (PEA).

Contact Details for Project Information
E3 Metals Corp, tel +1587324 2775 or email investor@e3metalscorp.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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