Owing to the diverse applications of lithium in many new-age industries, companies involved in the sector are now of significant interest to investors. On Tuesday, E3 Lithium Ltd. (OTC: EEMMF), a Canadian lithium leader, came into focus after it made a key new announcement. It could be a good time to take a look.
Significant Progress
On January 14, E3 Lithium announced that it was an active participant in the ISO TC 333 Lithium mirror committee by way of the SCC (Standards Council of Canada). In the news release, the company announced that ISO TC 333 was an international technical committee that was involved in the development of standardized methods meant to determine the quality of lithium products.
Those standards were important to the continued growth of the crucial battery industry. It would be interesting to see if the latest announcement from the company leads to any fresh action on the E3 Lithium stock or not.
Further Information
The company noted that one of the more important aspects of lithium product sales is the accurate determination of the quality, and if an agreement on the testing methods is reached, then a standard would be set. It may be a good time to add the stock to your watchlists.
Management Quote
“E3 Lithium is proud to have leveraged its technical expertise to support the development of lithium standards through the ISO and CSA,” commented Chris Doornbos, President and CEO of E3 Lithium. “By collaborating with international experts and helping shape global benchmarks, we are contributing to the development of new standards for the lithium industry. Having this expertise in-house greatly accelerates our ability to test our own products, allowing the company to save both time and money.”
