06:58 AM EDT, 04/29/2024 (MT Newswires) -- E3 Lithium ( EEMMF ) over the weekend reported a fourth-quarter net loss of $2.1 million, or $0.03 per share, compared with a loss of $2 million, or $0.03 per share, a year earlier.

In 2024, E3 Lithium ( EEMMF ) plans to publish the prefeasibility study results and then to start the feasibility study, environmental surveys; consultation and permitting, and contract talks with customers.

For the quarter ended Dec. 31, the company reported total assets of $62 million versus $36.1 million a year earlier.

As at Dec. 31, the company had net cash on hand of $30 million, as compared with cash on hand of $13.2 million at the end of 2022.

E3 Lithium ( EEMMF ) is a development company with 16 million tonnes of lithium carbonate equivalent measured and indicated and 0.9 million tonnes LCE inferred mineral resources in Alberta.