As the electric vehicle market continues gaining momentum, one innovation could quicken mainstream adoption: fast-charging lithium-ion batteries.

Lithium batteries, which are used in everything from smartphones and tablets to ebikes and electric vehicles (EVs), are continuously being upgraded to improve safety and efficiency. 

When it comes to EVs, consumers want batteries that charge quickly and provide range.

Fortunately, a new discovery at the University of Liverpool could completely transform lithium-ion batteries and make charging significantly faster than ever before.

Researchers at the University of Liverpool just revealed a solid-state material capable of conducting lithium ions at unprecedented speeds. Consisting of non-toxic earth  elements, this new material could replace the liquid electrolytes found in today’s lithium-ion batteries, improving safety, energy capacity and charging time.

This discovery was achieved by employing a unique blend of AI, physics-based calculations, and expert chemistry knowledge to identify and synthesize the material. This approach not only accelerated the research process but also ensured that the material’s properties were optimized for real-world application.

Another barrier preventing mainstream EV adoption is cost, with many consumers waiting for more affordable electric options to come to market. Although prices for new electric vehicles have dropped significantly in recent months, low lithium prices and a lack of spending on new projects are setting the stage for another supply crunch. 

Luckily, Canadian lithium company E3 Lithium (TSXV:ETL) (FSE:OW3) (OTCQX:EEMMF) is swiftly advancing its Clearwater Project towards commercial operations using Direct Lithium Extraction (DLE) technology to produce high-purity, battery-grade lithium.

A Key Player in the Lithium Sector With a Strong Financial Position

After achieving notable milestones in 2023, including upgrading its resource to 16.0 million tonnes of LCE, successfully demonstrating the commercial viability of its DLE technology and producing high-purity battery-grade lithium hydroxide, E3 Lithium (TSXV:ETL) (FSE:OW3) (OTCQX:EEMMF) is gearing up for a significant year of expansion in 2024. 

Key goals for E3 Lithium in 2024 include advancing the Clearwater Project towards commercial operations, with milestones such as progressing engineering studies, advancing commercial permitting, as well as completing a Pre-Feasibility Study (PFS) and releasing the NI 43-101 report. The PFS will provide detailed insights into the design of the first commercial facility and result in the booking of reserves, a significant milestone for Canadian lithium brines.

E3 Lithium (TSXV:ETL) (FSE:OW3) (OTCQX:EEMMF) is well-funded to reach its projected milestones this year thanks to ongoing support and strategic partnerships. 

On April 2, the company announced the final $375,000 of a $1.8 million grant awarded by Alberta Innovates in 2021. Through the support of Alberta Innovates, E3

Lithium has successfully de-risked the commercial viability of its brines and has selected a DLE and flowsheet for its first commercial facility that outlines the most viable path to commercial operations.

E3 Lithium also previously secured a C$3.5 million grant from Natural Resources Canada and raised close to C$30 million through oversubscribed fundraises.

With enough resources to produce approximately 150,000 tonnes of battery-grade lithium per year once fully operational across multiple commercial facilities, E3 Lithium is well-positioned to play a key role in supporting the growing demand for lithium in the electric vehicle industry.

Please visit this link or their website at e3lithium.ca for more information about E3 Lithium Ltd (TSXV:ETL) (OTCQX:EEMMF).

Featured Image @ Pixabay

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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.

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