US engineering group Fluor will lead prefeasibility study work on E3 Lithium’s proposed Clearwater lithium project in Alberta, Canada, on which its 2020 preliminary economic assessment put a circa-US$600 million development cost.
Toronto-listed E3 Lithium selected Fluor as its prime engineering, procurement and construction (EPC) company to work with contracted reservoir and well design, and environmental specialists. Its PEA, using a measured and indicated resource of 16 million tonnes of lithium carbonate equivalent, outlined production of 20,000 tonnes per year of lithium hydroxide monohydrate over 20 years.
E3 Lithium has a current market value around C$160 million.
“After an extensive review process, the E3 team selected Fluor as our prime EPC based on their experience in developing global critical mineral projects combined with executing major projects locally in Alberta,” CEO Chris Doornbos (above) said.