E3 Lithium receives $20 million investment from Canada’s Strategic Innovation Fund. lithium mining
As Alberta’s leading lithium developer and extraction technology innovator, E3 Lithium now joins companies such as Rio Tinto , Stellantis and General Motors who have recently received funding under this program.
“The breadth of the development costs this funding covers contributes significantly to the de-risking of our end-to-end project development as we progress towards a commercial facility producing battery grade lithium in Alberta,” said E3 Lithium CEO Chris Doornbos. “The Canadian government has committed to supporting the critical minerals supply chain; growing local Canadian supply begins with the raw materials and Alberta has a significant part to play in that future.
Since 2017, E3 has secured approximately C$35 million to fund its development over the last five years, exclusive of the SIF investment. The SIF investment provides funding stability without share dilution as the company works towards its first lithium production in Alberta.
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