The SIF’s objective is to spur innovation for a better Canada by providing funding for large projects and national innovation ecosystems. With the announcement, E3 Lithium (E3) joins such companies as Rio Tinto, Stellantis and General Motors who have recently received funding under this program.
The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry:
“Canada has everything it needs to build the EVs and batteries that consumers are demanding, and Alberta is key to building that ecosystem and accelerating the low carbon economy. E3 Lithium’s ground-breaking technology will play an important role in providing large quantities of battery grade lithium to the auto industry, while also creating high quality jobs for Canadians. This project will help position Canada as a world leader in batteries and will strengthen the critical minerals sector in the Calgary region.”
The SIF investment supports all aspects of E3’s resource and technology development including drilling, piloting of E3’s proprietary ion-exchange technology for lithium extraction, process development and engineering including downstream lithium hydroxide conversion. The investment also supports additional development testing during the feasibility phase and the engineering and design of a definitive feasibility study.
Chris Doornbos, President and CEO, E3 Lithium:
“The breadth of the development costs this funding covers contributes significantly to the de-risking of our end-to-end project development as we progress towards a commercial facility producing battery grade lithium in Alberta. The Canadian Government has committed to supporting the critical minerals supply chain; growing local Canadian supply begins with the raw materials and Alberta has a significant part to play in that future.”
Read the article online at: https://www.globalminingreview.com/mining/30112022/e3-lithium-receives-significant-backing-from-canadian-government/
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