08:46 AM EDT, 04/02/2024 (MT Newswires) -- E3 Lithium Ltd. ( EEMMF ) , trading near 52 week lows, earlier Tuesday said that it has secured the final progress payment of $375,000 from Alberta Innovates. The payment is part of the $1.8 million non-repayable grant awarded in 2021.

The Alberta Innovates grant supported the development and demonstration of Direct Lithium Extraction technology on E3 Lithium's ( EEMMF ) Leduc brines, including the scale-up from the lab prototype to the Field Pilot Plant.

E3 Lithium ( EEMMF ) said it has de-risked the commercial viability of its brines and has selected a DLE and flowsheet for its first commercial facility that outlines the most viable path to commercial operations.