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E3 Lithium Ltd
Symbol ETL
Shares Issued 75,269,397
Close 2024-07-10 C$ 1.26
Market Cap C$ 94,839,440
Recent Sedar Documents

Post says E3's Doornbos seeks more fed help for miners

2024-07-10 06:13 ET - In the News

The Financial Post reports in its Wednesday edition that the federal government's decision to further raise the bar for foreign companies looking to invest in Canada's mining companies needs to help create avenues for miners to get more access to financing, some industry insiders say. The Post's Naimul Karim writes that on Friday, the government said transactions involving foreign companies looking to buy large Canadian companies that produce critical minerals would be approved only "in the most exceptional" of circumstances. "They want to protect Canadian resources, but they need a better framework for capital creation and they don't have that," said Peter Grosskopf, chair of SCP Resource Finance LP. Aside from government support, the veteran miner wants the government to create a framework that might encourage Canada's pension plans to invest in the mining sector. One of those ways could be for the government to provide financial security for miners, according to Chris Doornbos, who founded Alberta-based E3 Lithium. This would make it easier for mining companies to access funds. Mr. Doornbos added that there is just "too little information" to know how the government's latest restriction will play out.

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