| Work Detail |
E3 LITHIUM LTD. has selected Fluor as its prime Engineering, Procurement and Construction (EPC) company to lead its Pre-Feasibility Study (PFS) for the Clearwater commercial project.
Fluor will provide overall PFS project management, design and oversight, and will be coordinating with several other firms hired by E3 Lithium that will provide specialty engineering services including for the reservoir and well design, technical report, and environmental studies.
“After an extensive review process, the E3 team selected Fluor as our prime EPC based on their experience in developing global critical mineral projects combined with executing major projects locally in Alberta,” said Chris Doornbos, President and CEO of E3 Lithium. “We are very pleased with the team we’ve put together. Their specialized skillsets and expertise are set to deliver this important work for E3 Lithium and Canada’s critical minerals industry.”
The PFS will outline E3 Lithium’s commercial plans and economics in greater detail, including outlining a Class IV cost estimate and reporting a lithium reserve. The PFS will produce a detailed project development schedule for E3 Lithium’s first commercial facility that will guide the Company through the next few years.
E3 Lithium has completed a significant amount of the process development work and downstream development testing via the Company’s in-house process and project engineering teams. This work will assist in guiding the Company’s decision making as it progresses through the engineering work of the PFS through the rest of the year.
As disclosed in the Company’s June 14, 2023 news release, effective June 14, 2023 (the “Effective Date”) the Company has extended its agreement with Native Ads Inc. (“Native Ads”) to continue to execute a comprehensive digital media marketing campaign for the Company. Native Ads is a full-service advertising agency based in Vancouver, BC, that owns and operates a proprietary ad exchange with over 80 integrated supply side platforms resulting in access to three billion to seven billion daily North American ad impressions. Native Ads will continue to provide the services it has been providing E3 Lithium for the past year, being a combination of content development, web development, media buying and distribution, and campaign reporting and optimization. Native Ads whose principal is Jon Malach, is an independent service provider to the Company. The renewed programmatic digital advertising campaign will run for up to an additional 12 months (the “Term”) from the Effective Date, where 75% of the costs will be directly allocated to the cost-per-click impression costs of media placements and distribution and 25% will be allocated for content creation, web development, advertising creative development, search engine optimization, and strategic digital advertising consulting. The Company has budgeted up to $70,000 monthly from its general working capital for such services over the Term. To the Company’s knowledge, neither Native Ads nor any of its directors or officers own any securities of the Company. |
