Jul. 5 at 5:34 PM
$EEMMF oh, wow! This has moved forward, while I wasn't watching. On 15th of June E3 successfully commissioned Phase 2 of the Clearwater Project demonstration facility near Olds, Alberta, and began operating a reservoir production test. Brine analysis confirmed lithium concentration of 75.8 mg/L. The well, through the electrical submersible pump, maintained the targeted flow rate of 1 400 m³/d at steady state. After this test - the next step is Phase 3 - when the start producing 100 tonnes of product annually for sampling. That at a DLE scale of 1:1!!!!Phase 3 also feeds the Front-End Engineering Design (FEED) that forms part of the Clearwater Feasibility Study for further financing purposes. Phase 3 is largely funded through the Government of Canada's Global Partnerships Initiative (GPI). This is when they will start hiring. This is GOOD NEWS!!! Congratulations!!! WOW!!!