E3 Lithium gets $27M from feds to support oilfield lithium extraction

An Alberta-based company aiming to extract lithium from the province's old oilfields has received $27 million from the federal government. E3 Lithium has developed a technology to extract lithium, a light metal used to make EV batteries, from oilfield brines. E3 Lithium has already drilled test wells within Alberta's historic Leduc oilfield region. It aims to have a field pilot project up and running next year. Imperial Oil Ltd. has also invested in E3 Lithium and is providing technical and deve