E3 Lithium

E3 Lithium Ltd. is a Canadian-based resource company focused on advancing one of North America’s most promising lithium-in-brine projects—the Clearwater Project in Alberta. As a leader in the Canadian lithium industry, E3 Lithium is positioned to become a key supplier for the growing electric vehicle (EV) and battery storage markets. With 1.29 million tonnes of lithium hydroxide monohydrate (LHM) in Proven and Probable mineral reserves, the Clearwater Project represents a highly scalable, long-life lithium asset in a stable, mining-friendly jurisdiction.

E3 Lithium is leveraging direct lithium extraction (DLE) technology, a cutting-edge method that enables efficient lithium recovery while minimizing environmental impact. The company’s innovative approach ensures a low-cost, sustainable lithium production process with near-zero liquid discharge, reduced land disturbance, and low carbon emissions.

Currently advancing through the pre-feasibility and demonstration phases, E3 Lithium is on track to transition from resource development to commercial-scale lithium production in the coming years. The company is listed on the TSX Venture Exchange (TSX.V: ETL), OTCQX (EEMMF), and Frankfurt Stock Exchange (FSE: OW3) and is supported by a highly experienced management team with expertise in lithium extraction, project development, and capital markets.

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E3 Lithium presents a compelling investment opportunity amid a global surge in demand for critical battery metals. The Clearwater Project is strategically positioned to benefit from the rapid electrification of transportation and the expanding renewable energy market, offering robust project economics with an after-tax net present value (NPV) of US$3.72 billion and an internal rate of return (IRR) of 24.6%. 

By harnessing innovative DLE technology alongside the strategic advantages of Alberta’s mature oil and gas infrastructure, the company minimizes capital intensity and operational risks while maximizing production scalability. Additionally, E3 Lithium’s environmentally responsible approach and focus on sustainable practices ensure that its operations not only meet but exceed emerging ESG standards. 

As North America’s energy storage and electric vehicle sectors continue to grow, E3 Lithium is poised to become a pivotal supplier of high-quality, battery-grade lithium, delivering long-term value to investors and reinforcing its position at the forefront of the energy transition.

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E3 Lithium Ltd. is led by a highly experienced management team with deep expertise in lithium extraction, project development, and capital markets, ensuring the successful advancement of the Clearwater Project from pre-feasibility to full-scale production.

At the helm is Chris Doornbos, P.Geo, President, CEO & Director, who founded E3 Lithium in 2016. With a strong background in geology and resource project development, Chris brings extensive experience in advancing large-scale resource assets from exploration to commercialization.

The company’s financial strategy is managed by Ray Chow, CPA, CA, Chief Financial Officer, who provides expertise in corporate finance, capital structuring, and financial planning, ensuring a disciplined approach to funding E3’s growth initiatives.

Technical development is led by Kevin Carroll, P.Eng, Chief Development Officer, who oversees the engineering and operational strategy for lithium extraction and production. His leadership ensures the efficient and sustainable execution of the Clearwater Project.

E3 Lithium’s Board of Directors and Advisory Committee include industry veterans with backgrounds in mining, finance, energy, and sustainable development, further strengthening the company’s strategic direction and governance.

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E3 Lithium is executing an aggressive growth strategy centered on advancing its flagship Clearwater Project from pre-feasibility and demonstration phases to commercial-scale lithium production. The company is focused on harnessing direct lithium extraction (DLE) technology—a proven, low-impact method that underpins its commitment to sustainable and cost-effective operations.

Key elements of the growth strategy include:

Phased Project Development: Initiating a demonstration facility in 2025 to validate technology and operational processes, followed by detailed engineering, permitting, and eventual commercial construction targeted in the near term.

Expansion Potential: Leveraging the extensive lithium-in-brine resources within the Bashaw District to ensure a robust long-life asset, with a 50-year production outlook and significant scalability beyond the Clearwater Project.

Sustainability & Operational Efficiency: Implementing a zero liquid discharge philosophy and low-carbon production methods to meet stringent environmental standards and capitalize on growing ESG investment trends.

Strategic Partnerships: Pursuing opportunities for joint ventures, equity investments, and collaboration with established industry players to reduce capital intensity, accelerate development timelines, and mitigate project risks.

Through this multifaceted approach, E3 Lithium is well-positioned to capture a substantial share of the burgeoning North American battery and EV market, delivering long-term shareholder value and establishing itself as a leader in sustainable lithium production.

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E3 Lithium Ltd. is well-positioned financially, leveraging a strong capital structure and significant non-dilutive funding to advance the Clearwater Project toward commercial production. With a disciplined financial strategy, the company continues to secure the necessary resources to support its long-term growth while minimizing shareholder dilution.

Key Financial Highlights:

• Total Capital Raised: $114.2 million to date.
• Working Capital: $23 million (as of Q3 2024).
• Government Grants & Support: Over $37.5 million in non-dilutive capital, including funding from Canada’s Strategic Innovation Fund (SIF), Emissions Reduction Alberta (ERA), and Alberta Innovates.
• Shares Outstanding: 75.3 million (basic); 85.6 million (fully diluted).
• Market Capitalization: $79 million (TSX.V) / $55 million (OTCQX) as of January 2025.

The Clearwater Project boasts robust economics, including:

• Pre-tax NPV: $5.18 billion | After-tax NPV: $3.7 billion.
• After-tax IRR: 24.6% with a payback period of 4.25 years.
• Initial capital cost (CAPEX): $2.46 billion.
• Annual operating cost (OPEX): $187 million | OPEX per tonne of LHM: $7,250.

With lithium demand increasing and E3 Lithium’s cost-competitive production process, the company is well-positioned to secure strategic financing, including potential partnerships, debt financing, and additional government support.

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E3 Lithium Ltd. is poised to become a transformative force in North America's lithium sector. By harnessing its innovative direct lithium extraction technology, the company is set to deliver sustainable, cost-competitive lithium production from the Clearwater Project in Alberta—a project backed by robust economics and a 50-year mine life.

With a strong, experienced management team steering its strategic vision and a solid financial foundation fortified by significant non-dilutive funding, E3 Lithium is well-positioned to transition from the pre-feasibility stage to full-scale commercial production. The company's commitment to environmental stewardship, including a zero liquid discharge process and reduced land disturbance, aligns with growing ESG priorities and further enhances its long-term value proposition.

As global demand for battery-grade lithium surges—driven by the electrification of transportation and energy storage—the Clearwater Project represents a unique opportunity to capitalize on this market expansion. For investors seeking exposure to a forward-thinking, sustainable resource enterprise, E3 Lithium offers a compelling pathway to long-term shareholder value and a secure position in the evolving North American lithium landscape.

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