Welcome to this week's Sunday Briefing. In this edition:
A new approach to breast cancer screening
Gas sensors for detection dogs
Svante makes an acquisition
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E3 Lithium secures up to $36.5M in federal funding for Clearwater Project
Photo: Unsplash
Calgary-based E3 Lithium has received conditional approval for up to $36.5 million in federal funding to speed up development of its Clearwater lithium project. The non-repayable funding from the Government of Canada's Global Partnerships Initiative covers 75 per cent of a $48 million project.
The money will help E3 build its third demonstration facility east of Olds, Alberta, and complete a feasibility study. The facility will include a full-sized commercial column expected to produce 100 tonnes per year of lithium chloride. E3 also plans to hire 25 additional full-time staff.
President and CEO Chris Doornbos says the funding lets the company move faster toward commercial production. "E3 is on track to be one of the first commercial lithium projects to come on-stream in Canada, creating jobs and future opportunities for all Canadians," he said.
The funding is conditional on due diligence and a contribution agreement. E3 is working with Axens Group from France and ABB from Switzerland on the project.
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📰 Need To Know
Syantra’s breast cancer blood test isn’t looking for cancer at all. Imagine a screening method that’s more accurate in early detection than a mammogram and less expensive than an MRI. Betakit
Blackline Safety deploys gas sensors for pipeline detection dogs. The company has announced the first deployment of its GPS-enabled gas monitoring devices with Calgary’s K9 Leak Hunters, whose specially trained canine unit delivers precise pipeline leak detection services for rural oil and gas utilities. Calgary.Tech
Carbon Upcycling appoints Suzy Taherian as CFO to advance global commercialization. Her appointment comes at a pivotal moment for the company as it advances its commercial scale-up and capital strategy for global deployment. Carbon Upcycling
Svante acquires carbon dioxide removal project developer, Carbon Alpha Corp. Calgary-based Carbon Alpha’s North Star Project will add carbon capture and storage at the existing MLTC Bioenergy Centre, a forestry biomass cogeneration facility, permanently and safely storing captured biogenic CO₂ deep underground in a saline aquifer. Svante Technologies
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