Bezos, Gates-Backed Mining Startup Launches Global Lithium Hunt
Vancouver, BC
|
December 21, 2023 02:45 PM Eastern Standard Time
A California-based startup backed by tech billionaires Bill Gates and Jeff Bezos is embarking on a global expedition across four continents to find lithium deposits for the burgeoning electric vehicle market.
KoBold Metals, which uses artificial intelligence (AI) and machine-learning to uncover critical metals, just launched an ambitious four-continent search for lithium deposits in the US, Canada, South Korea, Australia and Africa.
Utilizing machine learning for mineral deposit detection, KoBold identified a lithium prospect earlier in the year in the Baie James region of Canada, challenging previous assumptions about the lack of economic lithium deposits in that area.
KoBold's journey into battery metals began three years ago in Canada, by securing exploration rights in northern Quebec. The startup has since acquired about a dozen exploration properties through joint ventures with industry giants like BHP and BlueJay Mining. With a primary goal of bridging the supply gap for the electrification of transportation, KoBold said it aims to contribute significantly to the burgeoning $5 trillion lithium market.
As governments around the globe increase their zero emissions goals, new sources of high-quality lithium will become more and more essential to meet ever-rising demand. Fortunately, a lithium development company with a significant resource in Canada is making significant headway in becoming a major player in the sector.
E3 Lithium Ltd. (TSXV:ETL) (FSE:OW3) (OTCQX:EEMMF) is a resource company with 16.0 million tonnes of lithium carbonate equivalent (LCE) in Measured and Indicated categories and 0.9 million tonnes LCE in the Inferred category.
E3 Lithium's objective is to produce high-purity, battery-grade lithium products to contribute to the growing electrical revolution. With a substantial lithium resource and innovative technology solutions, E3 Lithium aims to deliver lithium to the market from one of the world's best jurisdictions.
E3 Lithium Outlines Growth Plans for 2024 Following Successful 2023
E3 Lithium is gearing up for substantial growth in 2024 following a successful 2023. The company achieved notable milestones during the past year, including upgrading its resource to 16.0 million tonnes of LCE, establishing a groundbreaking Direct Lithium Extraction (DLE) field pilot plant in Alberta, producing high-purity battery-grade lithium hydroxide, and initiating a best-in-class PFS led by Fluor.
“We set ambitious targets for ourselves in 2023 to advance our technology and our business; we have succeeded in accomplishing every milestone. The results we demonstrated in 2023 will continue to enable the completion of our PFS as we move into 2024,” said Chris Doornbos, E3’s President and CEO. “With the design of the commercial facility solidified, E3 can then contemplate a variety of growth and value creation opportunities on the back of our industry-leading resource and demonstrated DLE process.”
The company also bolstered its financial position, securing a C$3.5 million grant from Natural Resources Canada and raising close to C$30 million through oversubscribed fundraises. E3 Lithium continued to grow and mature as a company, expanding its team, Board of Directors, and Advisory Committee, while actively collaborating with partners such as Imperial Oil and Pure Lithium.
As E3 Lithium (TSXV:ETL) (FSE:OW3) (OTCQX:EEMMF) looks ahead to 2024, the company plans to progress reservoir development, advance DLE testing and analysis, announce the selection of a lithium refining vendor, and expand its team to support increased commercial activities. The company is also exploring additional opportunities to enhance shareholder value and plans to publish the first Alberta lithium Pre-Feasibility Study (PFS) outlining updated project economics and leading to the booking of Canada’s first lithium in brine reserves. Detailed guidance for 2024 will be provided in the New Year, accompanied by a webinar featuring Chris Doornbos.
Please visit this link or their website at e3lithium.ca for more information about E3 Lithium Ltd (TSXV:ETL) (OTCQX:EEMMF).
Disclosure:
1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies outlined in this Article. The author determined which companies would be included in this article based on research and understanding of the sector.
2) The Article was issued on behalf of and sponsored by, E3 Lithium Ltd. Market Jar Media Inc. was paid $1,500 USD for the production and publishing of this article by E3 Lithium Ltd.’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by E3 Lithium Ltd.’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-etl.
3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.
4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on PressReach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on PressReach.com.
5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.
6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding E3 Lithium Ltd.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to E3 Lithium Ltd.’s industry; (b) market opportunity; (c) E3 Lithium Ltd.’s business plans and strategies; (d) services that E3 Lithium Ltd. intends to offer; (e) E3 Lithium Ltd.’s milestone projections and targets; (f) E3 Lithium Ltd.’s expectations regarding receipt of approval for regulatory applications; (g) E3 Lithium Ltd.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) E3 Lithium Ltd.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute E3 Lithium Ltd.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) E3 Lithium Ltd.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) E3 Lithium Ltd.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of E3 Lithium Ltd. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) E3 Lithium Ltd.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact E3 Lithium Ltd.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing E3 Lithium Ltd.’s business operations (e) E3 Lithium Ltd. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, E3 Lithium Ltd. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does E3 Lithium Ltd. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither E3 Lithium Ltd. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.
7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of E3 Lithium Ltd. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of E3 Lithium Ltd. or such entities and are not necessarily indicative of future performance of E3 Lithium Ltd. or such entities.
8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation.
Contact Details
James Young
+1 800-340-9767
Company Website
