E3 Lithium

E3 Lithium Ltd. is a Canadian-based critical minerals company advancing one of North America's largest brine-hosted lithium resources—the Clearwater Project in central Alberta. With a significant mineral resource base of 16.2 million tonnes of lithium carbonate equivalent (LCE) in the measured and indicated category across the Bashaw District, and 21.22 million tonnes LCE company-wide, the Clearwater project is positioned as a generational asset in a Tier-1 jurisdiction. 

The company is developing Canada's first fully integrated direct lithium extraction (DLE) facility, targeting Phase 1 production of approximately 12,000 tonnes per annum of battery-quality lithium carbonate, with expansion potential to 36,000 tonnes per annum. Leveraging Alberta's 70-plus years of oil and gas production history, E3 benefits from extensive existing infrastructure, a skilled local workforce, and a proactive regulatory framework. 

E3 Lithium is listed on the TSX Venture Exchange (TSX.V: ETL), OTCQX (EEMMF), and Frankfurt Stock Exchange (FSE: OW3), and is backed by a management team with deep expertise in resource development and DLE technology.

E3 Lithium offers a compelling investment opportunity with its advanced-stage Clearwater Project, which will be Canada's first commercial DLE operation. The 2024 pre-feasibility study highlights a 50-year reserve life with an after-tax NPV of US$3.7 billion (8% discount rate) and an IRR of 24.6%, underpinned by robust economics and low operating costs of US$6,200 per tonne of lithium hydroxide monohydrate. 

With capital efficiency of US$76,434 per tonne and initial capex of US$2.46 billion, Clearwater stands out for its cost competitiveness, positioning in the first third of the global cash cost curve. The project benefits from Alberta's established energy infrastructure, transparent permitting through the Alberta Energy Regulator, and strong federal and provincial government support, including C$41.9 million in awarded grants. Having already produced 99.7% battery-quality lithium carbonate at its demonstration facility, E3 has de-risked its proprietary DLE technology. 

As North American lithium demand is forecast to create a significant supply deficit, E3 is poised to deliver long-term value with its domestic, scalable, and environmentally responsible lithium production.

E3 Lithium is led by a seasoned management team with deep expertise across resource development, DLE technology, and corporate finance. At the helm is Founder and CEO Chris Doornbos, P.Geo., ICD.D, an entrepreneur with extensive capital raising, project execution, and M&A experience, and a founding member of the Battery Metals Association of Canada. 

The company's financial strategy is guided by CFO Brian Newmarch, CFA, who brings over 20 years of senior leadership across the North American energy sector, including CFO roles at Humble Midstream and Tidewater Midstream, and executive positions at ARC Resources and Seven Generations Energy. 

Chief Development Officer Kevin Carroll, P.Eng., oversees technical operations with 30-plus years of engineering and operational experience in Alberta's oil and gas sector, including co-founding Huron Resources and leadership roles at Shell Canada and ARC Resources. 

This executive team is complemented by a Board of Directors comprising industry veterans with extensive mining, finance, and sustainability expertise, positioning E3 strongly for achieving its strategic objectives while maintaining robust stakeholder engagement.

E3 Lithium is executing a comprehensive growth plan focused on advancing the Clearwater Project to commercial production while emphasizing technical de-risking and capital efficiency. The company is moving through its three-phase demonstration facility program, targeting 'shovel-ready' status by 2026 through detailed engineering, commercial permitting, and feasibility studies. 

This development timeline supports a significant 50-year operating life, establishing Clearwater as one of North America's major long-term lithium operations. Environmental stewardship is central to E3's strategy, employing a zero-liquid-discharge philosophy, minimal land footprint, and potential carbon capture integration to achieve estimated emissions of 1.9 tonnes CO2e per tonne of lithium. 

Through active engagement with Indigenous communities and regulators, E3 ensures development plans meet rigorous environmental standards. While the project already contains substantial mineral reserves, the company continues to evaluate district-scale expansion potential across its extensive Bashaw District tenure. A key advantage is leveraging Alberta's existing oil and gas infrastructure, valued at billions in sunk investment, significantly reducing capital intensity. The company remains open to strategic partnerships, offtake agreements, and project financing to maximize value while managing financial risk.

As of October 2025, E3 Lithium is well-positioned financially, with a market capitalization of C$91.1 million and working capital of C$18.1 million, including net proceeds from a recent C$14 million equity offering. The company carries no net debt and has secured C$41.9 million in government grants, with C$24.8 million remaining available from federal programs including the Strategic Response Fund and Critical Minerals Infrastructure Fund. 

The 2024 pre-feasibility study outlines initial capital expenditure of US$2.46 billion and sustaining capital of US$6,200 per tonne operating cost over the project life. Clearwater is projected to generate substantial free cash flow supported by its 24.6% IRR and US$3.7 billion after-tax NPV. E3 Lithium remains focused on securing necessary project financing, expected to include a mix of equity, debt, strategic partnerships, and government support. 

With a favorable economic outlook, competitive cost profile, and strong institutional shareholder support, E3 is well-positioned to advance Clearwater toward full-scale production, creating long-term value for investors.

E3 Lithium Ltd. is on the verge of becoming a major player in the North American critical minerals sector, with its Clearwater Project positioned as Canada's first commercial direct lithium extraction operation. With a 50-year reserve life, significant lithium carbonate resources, and a commitment to responsible development practices, E3 offers a unique investment opportunity in a top-tier jurisdiction. The company's experienced management team, proven DLE technology, and strong government support de-risk the path to production. 

A phased development approach reduces capital at risk while maintaining expansion optionality to 36,000 tonnes per annum. As North American lithium demand accelerates and supply deficits widen, E3 Lithium presents an attractive opportunity for investors seeking exposure to a large-scale, de-risked critical minerals project with significant growth potential and strategic domestic supply chain advantages.