AZL General Discussion, page-16266

Prairie gets a very brief mention in a Bloomberg article about DLE in Canada, mostly about E3's CEO and research. It’s behind a paywall at

https://www.bloomberg.com/news/articles/2023-04-20/new-lithium-mining-tech-aims-to-disrupt-metal-industry?sref=uLYelN9H

A few excerpts:

“A profusion of small companies, including E3, have spent years trying to develop the chemical sorbents needed to separate lithium from brine. One of the problems they’ve encountered, though, is that there’s no one-size-fits-all solution. Based on different sediments and geological formations, the sorbent needed for brines in Argentina is different from the sorbent needed in Alberta. As a result, most extractors have to build their own technology from scratch.”

“Alberta’s two major universities, meanwhile, have devoted funding to advance DLE technology as startups look to the province’s oil fields for lithium extraction. Daniel Alessi, a chemist at the University of Alberta and co-founder of another DLE startup, Recion Technologies, says he believes a breakthrough is coming soon. “What a lot of these companies are finding is that they can recover lithium from brine pretty easily, but the operating costs are way too high because of how early-stage this is,” Alessi says. ‘They aren’t turning a profit now, but I think you’ll see them operating commercial plants in the near future.’ ”

"The stock market hasn’t been particularly kind to E3, either: Doornbos watched his company’s share price drop 16.1% in 2022, despite announcing a roughly C$6.4 million ($4.6 million) investment from Imperial Oil and C$27 million in funding from the Canadian government’s innovation arm."