Clearwater lithium project, Canada
Photo by ©Bloomberg
Name of the Project
Clearwater lithium project.
Location
South-central Alberta, Canada.
Project Owner/s
E3 Lithium.
Project Description
A prefeasibility study (PFS) has outlined the detailed process to produce battery-grade lithium hydroxide, and has reported the first lithium brine proven mineral reserves in Canada.
The project has estimated proven and probable lithium brine mineral reserves of 1.29-million tonnes lithium hydroxide monohydrate. The mineral reserve is contained within the Bashaw district measured and indicated lithium mineral resource, totalling 18.4-million tonnes lithium hydroxide monohydrate.
The project’s initial production and nameplate capacity is projected to be 32 250 t/y of lithium hydroxide and 25 850 t/y over a 50-year mine life. The mine life is based on only a portion of the total Bashaw district.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of $5.18-billion and an internal rate of return of 29.2%, with a payback of 4.25 years.
Capital Expenditure
$2.47-billion, which includes water recycling and contingency.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
Sproule Associates; Matrix Solutions; Sedgman Canada; and Stantec (PFS).
Contact Details for Project Information
E3 Lithium, tel +1 587 324 2775 or email investor@e3lithium.ca.
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