Topic: How To Invest

Q: I am a new member of the Inner Circle. Your advice and the newsletters are very informative. I have a question for you: Do you see E3 Metals Corp. as a buy? Kindest regards.

Article Excerpt

A: E3 Metals Corp., $0.50, symbol ETMC on the Toronto Venture Exchange (Shares outstanding: 30.5 million; Market cap: $16.0 million; www.e3metalscorp.com), aims to use technology developed at the University of Alberta to extract lithium from subsurface brine. Lithium is used in household batteries, glass and ceramics, lubricants, refrigeration, pharmaceuticals, polymers and aluminum production. But the metal mostly goes into lithium-ion and lithium-metal batteries for electric and hybrid-electric cars. E3 Metals has amassed mineral rights in the Leduc oil formation of central Alberta. That’s because many of Alberta’s increasingly depleted oil wells are filled with brine (a high-concentration solution of salt in water). Large volumes of water are produced during oil extraction. After the oil is separated, the brine is pumped back underground. E3 believes that the brine contains sufficient lithium to make extracting it profitable. Accordingly, the company hopes to replicate conventional oil production, but instead of isolating oil from the fluids it pumps to the surface, it would extract lithium. In September 2019, the…