08:59 AM EDT, 04/10/2024 (MT Newswires) -- E3 Lithium Ltd. ( EEMMF ) said Wednesday that it is collaborating with McMaster University and the University of Alberta to support research proposals focused on enhancing lithium brine production methodologies as well as the performance of lithium-ion batteries.

The two universities received Alliance Missions Grants for Critical Minerals Research from the Natural Sciences and Engineering Research Council of Canada.

McMaster University is conducting research focused on maintaining and enhancing lithium concentrations in recovered subsurface lithium brine resources, while the University of Alberta is studying ways to boost the performance of fast-charging lithium-ion batteries.

After completing the projects, E3 Lithium ( EEMMF ) said it will evaluate opportunities to include the data into its development and commercialization plans.

"This is an incredible opportunity for E3 Lithium ( EEMMF ) to support Canadian research conducted by reputable post-secondary institutions, and use the data produced to identify and implement efficiencies in lithium production and apply new innovations," said Chris Doornbos, president and CEO of E3 Lithium ( EEMMF ).

"If successful, these proposals have the potential to enhance Canada's competitive advantage in the global economy and position itself as a leader in the transition to renewable energy," Doornbos added.

The company gained 2.3% yesterday.