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    Home » Alberta-based E3 Lithium gets $37M from feds to support oilfield lithium extraction
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    Alberta-based E3 Lithium gets $37M from feds to support oilfield lithium extraction

    yyctimesBy yyctimesNovember 28, 2022No Comments1 Min Read
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    An Alberta company aiming to extract lithium from the province’s old oil fields has received $37 million from the federal government.

    E3 Lithium has developed a technology to extract lithium, a light metal used to make EV batteries, from oilfield brine.

    E3 Lithium has already drilled test wells within Alberta’s historic Leduc oil field region. It intends to have a field pilot project underway next year.

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    Imperial Oil Ltd. has also invested in E3 Lithium and provides technical and development support for the company.

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    The federal government has identified lithium as a focus of its $3.8 billion, eight-year critical minerals strategy.

    The goal is to create a domestic supply chain for electric vehicles, boosting the economy while tackling greenhouse gas emissions.



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