E3 Lithium secures $3.2M Canadian gov’t funding for Clearwater project

E3 Lithium (TSXV: ETL) said on Monday it has been conditionally approved for up to C$4.7 million ($3.2 million) in federal government funding for Clearwater project in Alberta.The funding is part of the Critical Minerals Infrastructure Fund (CMIF). Launched in November 2023, the CMIF aims to provide investments of up to C$1.5 billion in clean energy and transportation infrastructure projects until 2030 to enable the sustainable development and expansion of critical minerals in Canada.The funding to E3 will be used to undertake preconstruction work on transportation and energy infrastructure for the Clearwater lithium brine project. This includes studies to assess transportation upgrades to support industrial traffic as well as methods to optimize its lithium production.The Clearwater project hosts Canada’s first lithium-in-brine proven reserves. To access this resource, E3 is proposing to extract the battery metal using production wells in the Leduc oil reservoir. Earlier this year, the company announced its first production of battery-quality lithium from its demonstration plant.In a press release Monday, Canada’s Minister of Energy and Natural Resources Jonathan Wilkinson said the funding provided to E3 Lithium “will help advance the development of the necessary infrastructure to expand Alberta’s sustainable critical minerals production.”“The investment from CMIF supports the planning and development of some of our critical infrastructure for our Clearwater project, focusing around the central processing facility. Alberta has a strong workforce and permitting system that strengthens E3 Lithium commercialization efforts,” stated Chris Doornbos, E3 Lithium CEO.Since 2017, E3 has secured approximately C$37.5 million in funding exclusive of the CMIF investment as it advances the Clearwater project towards first lithium production in Alberta.Weiter zum vollständigen Artikel bei Mining.com Weiter zum vollständigen Artikel bei Mining.com