Livent Corporation is investing US$5.5 million to advance E3 Metals Corp.’s proprietary ion-exchange lithium extraction technology towards commercialization.
The two companies have entered into an agreement to develop a process to produce battery quality lithium products from the lithium-enriched brines in the Leduc formation in Alberta.
Under the agreement, Livent will contribute up to US$5.5 million to the joint development project, with an initial US$1.5 million contribution to be made shortly upon closing of the agreement and following TSX Venture Exchange acceptance.
The first stage of the joint development project includes finalizing the commercial readiness of the ion exchange (IX) sorbent. The sorbent is used to produce a high purity lithium concentrate from Alberta brine.
Secondly the companies will build and operate a custom pilot plant in Alberta for testing of the IX process, and continue to process the concentrate into a saleable lithium project at a larger scale.
E3 Metals’ Leduc reservoir hosts a total of 6.7 million tonnes lithium carbonate equivalent (LCE) inferred mineral resources within the Leduc reservoir formation in Alberta. The company’s plans are to deliver a process facility of 10,000 tonnes per year lithium hydroxide by 2022 and continue expansion to an eventual 50,000 tonnes per year.