Shares of E3 Metals, Corp. (TSX-Venture:ETMC) (OTC:EEMMF) popped to a multi-year high on news that the emerging lithium developer and leading lithium extraction technology innovator made improvements to the performance of its Direct Lithium Extraction (DLE) technology.
The development work with Livent Corporation has focused on enhancing the overall performance of the technology with the goal towards commercial deployment, planned to ultimately be demonstrated in a pilot plant. Recently, the life span of the material used within the DLE process has increased by six times.
“The continual improvement of this technology is thanks to the great work from E3 Metals and Livent teams, working together with GreenCentre Canada,” commented Chris Doornbos , E3 Metals President and Chief Executive Officer. “We are very excited by the results coming from the development team on a regular basis.”
As mentioned, this announcement has propelled shares of ETMC to their highest level since late-2017 with shares up 9.23% at $0.71 in early-afternoon trading. Today’s technical breakout could also carve the way for further gains in the near-term.