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PROJECT|Water|Solutions
PROJECT|Water|Solutions
project|water|solutions

Clearwater lithium project, Canada

Image of lithium ore

Photo by ©Bloomberg

16th August 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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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.
 

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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