New Risk • Apr 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$20m). Currently unprofitable and not forecast to become profitable over next 2 years (CA$9.2m net loss in 2 years). Shareholders have been diluted in the past year (16% increase in shares outstanding). Significant insider selling over the past 3 months (CA$153k sold). Market cap is less than US$100m (CA$115.7m market cap, or US$84.6m). Aankondiging • Apr 14
E3 Lithium Limited, Annual General Meeting, Jun 17, 2026 E3 Lithium Limited, Annual General Meeting, Jun 17, 2026. New Risk • Apr 09
New major risk - Revenue and earnings growth Earnings have declined by 24% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$16m free cash flow). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$9.2m net loss next year). Significant insider selling over the past 3 months (CA$140k sold). Market cap is less than US$100m (CA$99.9m market cap, or US$72.4m). Recent Insider Transactions • Mar 13
Chairperson recently sold CA$74k worth of stock On the 11th of March, Christopher Doornbos sold around 64k shares on-market at roughly CA$1.14 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Christopher has been a net seller over the last 12 months, reducing personal holdings by CA$39k. Aankondiging • Mar 10
E3 Lithium Ltd. Provides Activity Update on Phase Two of Its Demonstration Facility E3 Lithium Ltd. provided an update on its Demonstration Facility Progress. In late 2025, the Company successfully completed the drilling of two wells at its Demonstration Facility located east of Olds, Alberta. The well pair consists of one well designed to produce brine and the other designed for injection. The wells were drilled to collect additional reservoir and brine chemistry data and to complete a reservoir characterization test. These two wells were drilled next to each other on surface, targeting the Leduc reservoir roughly 2,500 meters below the surface, with the wells approximately 200 meters apart at depth. Flow results will provide additional data for reservoir development planning, including the placement of commercial wells and expected production profile for the commercial development plan. Earlier this year, E3 ordered the required surface equipment for Phase 2 of the Demonstration Facility, prepared the pad site, and mobilized the completions equipment. A service rig is currently on site finishing the completion of the wells and installing a downhole brine pump. Surface equipment will be installed to enable the reservoir testing as well as data collection and analysis. Samples will be collected for the duration of the operation to analyze the brine and entrained gasses, which will provide essential data to refine the inlet equipment design of the commercial facility. E3 expects to be operating the facility in April 2026. The data collected through Phase 2 of the Demonstration Facility will enable the completion of the Company's Front End Engineering and Design (FEED) and Feasibility Study for the Clearwater Project. Following the successful execution of the Global Partnerships Initiative (GPI) contribution agreement for up to CAD 36.5 million, E3 will begin ordering the required equipment for the third and final phase of the Demonstration Facility. This includes re-deploying the 30 column Direct Lithium Extraction (DLE) skids and producing battery-grade lithium carbonate at the new site. The Company will also procure and construct a larger, commercial scale single column (1:1 on a per column basis) DLE system for commercial testing and validation. E3 expects to execute Phase 3 in stages through the second and third quarter of 2026, starting with the 30-column unit, with the goal of being fully operational within six months of executing the Agreement. The detailed plan for the work contemplated under the Agreement will be published once executed. Aankondiging • Mar 03
E3 Lithium Receives Conditional Approval for Up to CAD 36.5 Million in Federal Government Funding to Accelerate Its Clearwater Project E3 Lithium has been conditionally approved for up to CAD 36.5 million of non-repayable funding through the Government of Canada’s Global Partnerships Initiative (GPI), to accelerate the development of its Clearwater Project. The Funding supports 75% of the forecasted CAD 48 million project to complete E3's Demonstration Facility Phase 3 and its Clearwater Project Feasibility Study. With the Funding, E3 will accelerate and expand the scope of the Demonstration Facility that will enable the Company to build and operate its third phase, located east of Olds, Alberta. Phase 3 of the Demonstration Facility will include a single, full-sized commercial column, expected to produce the carbonate equivalent of 100 tonnes per year in lithium chloride. The Funding will also support the Company's Front End Engineering Design (FEED) that will form part of the Clearwater Project's Feasibility Study and the technical staff involved in the project, including hiring an additional 25 full time positions. The Funding will enable the ongoing production of battery-grade lithium carbonate at an increased scale, de-risking E3’s Direct Lithium Extraction (DLE) technology on a 1:1 scale commercial column and finalize Clearwater Project engineering to enable a Final Investment Decision (FID), including a Class 3 cost estimate. Support from the GPI represents a strong vote of confidence from the Government of Canada in the role E3 Lithium will play in advancing reliable and secure supply chains, and in the expansion of Canada’s and its allies’ defence industrial base. E3 Lithium is proud to be leading this project in collaboration with Axens Group, a France-based global provider of clean energy solutions and technologies, and ABB, a Switzerland-headquartered leader in electrification and automation. The funding is conditional upon the completion of customary due diligence and the execution of a contribution agreement. Aankondiging • Jan 20
E3 Lithium Submits Directive 056 Facility Licence Application as Next Step in Clearwater Project Development E3 LITHIUM LTD. has formally submitted an application to the Alberta Energy Regulator (“AER”) in accordance with Directive 056: Energy Development Applications and Schedules (“D56”), for its Clearwater Project’s Central Processing Facility (“CPF”). In late 2025, the Company submitted its Environmental Protection and Enhancement Act (“EPEA”) application. The Company’s submission of D56 application is submitted in conjunction with the EPEA application, following formal consultation and notification of stakeholders in the area surrounding the CPF initiated in late 2025. These two applications, the Central Process Facility D56 and EPEA, are the critical permits required to build and operate the facility. Additional applications for the wells, pipeline and scheme approval, along with a few others referenced in the Company's corporate presentation, will be applied for through the balance of 2026, and together will give E3 the required provincial government authority to construct and operate the CPF. An approved D56 licence will demonstrate that the CPF meets Alberta’s safety, environmental, and land-use standards, and that E3 Lithium has completed meaningful engagement with stakeholders. E3 Lithium continues to progress the development of its Clearwater Project, including significant advancements made to its technical, regulatory and commercial plans to date. The Company recently delivered battery-grade lithium carbonate to global partners and off-takers which was made through the Demonstration Program being conducted within E3’s flagship Clearwater Project. The Company has proposed a staged development plan with a capacity of 12,000 tonnes of lithium carbonate per year as first stage of production. Aankondiging • Dec 12
An undisclosed buyer completed the acquisition of Estevan Lithium District Assets from E3 Lithium Limited (TSXV:ETL) for $4 million. An undisclosed buyer entered into an Asset Purchase and Sale Agreement to acquire Estevan Lithium District Assets from E3 Lithium Limited (TSXV:ETL) for $4.3 million on September 30, 2025. A cash consideration of $4.3 million will be paid by the buyer. As part of consideration, $4.3 million is paid towards assets of Estevan Lithium District Assets.
The transaction is subject to customary closing conditions, including, but not limited to, receipt of all third party consents as well as satisfactory regulatory, surface impediment and environmental due diligence being completed by the Purchaser. The Transaction is expected to close in late Q4 2025. Proceeds from the Transaction will further enhance the E3 Lithium’s financial position and support the ongoing advancement of the Clearwater Project.
An undisclosed buyer completed the acquisition of Estevan Lithium District Assets from E3 Lithium Limited (TSXV:ETL) for $4 million on December 11, 2025. Aankondiging • Dec 09
E3 Lithium Initiates Permitting Process for the Clearwater Project Central Processing Facility with Submission of EPEA Application E3 Lithium Ltd. submitted its Environmental Protection and Enhancement Act ("EPEA") application to the Alberta Energy Regulator ("AER") and has initiated the formal AER Directive 056 ("D56") notification and consultation program for its Clearwater Project Central Processing Facility ("CPF"). The EPEA application represents a significant step forward in advancing E3 Lithium's commercialization plans for lithium production in Alberta. EPEA is a provincially mandated submission common for facilities of this nature in Alberta. The EPEA application describes the Clearwater Project, its main process operations, and outlines the environmental management plans and mitigation strategies that will be deployed by E3 to ensure that its Clearwater lithium extraction and processing facility is operated safely and responsibly. The first step in the D56 application process is the formal consultation and notification of stakeholders in the area surrounding the CPF prior to the formal permit application to the AER, which is separate from the EPEA application that has been submitted by E3. The consultation and notification process began in late November and E3 anticipates submitting the D56 facility application for the CPF in early 2026. The application for the facility would enable production of up to 32,000 tonnes per year of lithium carbonate ("LC"). E3 Lithium's current development plans bring the Clearwater Project into production in phases, with Phase 1 production targeted to be approximately 12,000 tonnes of LC per year. Timeframes to receive approval for facility licenses of this nature in Alberta are typically six months. Given this is the first EPEA application for a lithium production facility, the Company is anticipating a longer timeframe. New Risk • Nov 25
New major risk - Revenue and earnings growth Earnings have declined by 27% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$15m free cash flow). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$9.3m net loss next year). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (CA$83.4m market cap, or US$59.0m). New Risk • Nov 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$15m free cash flow). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$9.5m net loss next year). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (CA$89.4m market cap, or US$63.7m). Aankondiging • Oct 29
E3 Lithium Ltd. Commences Drilling Lithium #3 Well E3 Lithium Ltd. has commenced drilling of its lithium development well as part of Phase 2 of its Demonstration Facility development in central Alberta. This is E3 Lithium's third lithium well drilled into the Leduc Formation. This next step in development builds upon the successful production of battery-grade lithium carbonate during Phase 1 of the Demonstration program in early October 2025. Phase 1 validated the design of E3 Lithium's Direct Lithium Extraction (DLE) equipment at this scale. Results from this well will provide additional reservoir performance data and brine analytics to support the design of the commercial lithium facility. The objectives of this next drilling phase include: Validating subsurface geology through detailed analysis of core samples and integrate petrophysical properties derived from comprehensive well-logging datasets. Collecting reservoir data to inform commercial wellfield and facility design. Providing brine for continued operation of its DLE and processing equipment previously commissioned in Phase 1 of the Demonstration Facility. Support engineering and permitting work for E3 Lithium's upcoming commercial facility. Drilling and testing activities are expected to continue into November and the Company will provide updates on drilling and testing operations. Recent Insider Transactions • Oct 16
Chief Financial Officer recently bought CA$75k worth of stock On the 14th of October, Brian Newmarch bought around 63k shares on-market at roughly CA$1.20 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Brian's only on-market trade for the last 12 months. Aankondiging • Oct 14
E3 Lithium Limited has completed a Composite Units Offering in the amount of CAD 12.18 million. E3 Lithium Limited has completed a Composite Units Offering in the amount of CAD 12.18 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 10,150,000
Price\Range: CAD 1.2
Discount Per Security: CAD 0.072
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 10,150,000
Security Name: Warrants
Security Type: Equity Warrant
Securities Offered: 5,075,000 Aankondiging • Sep 22
E3 Lithium Produces Battery Grade Lithium Carbonate from Its Phase 1 Demonstration E3 Lithium Ltd. has produced battery grade lithium carbonate while commissioning Phase 1 of its Demonstration Facility. The successful production of battery grade lithium carbonate from the Phase 1 commissioning confirms E3's Demonstration Equipment is fully functional and the field site for Phase 1 is fully operational along the entire process flow, from direct lithium extraction ("DLE") through to the polishing and purification stages. Lithium chloride produced from the Demonstration Equipment has now been successfully converted to lithium carbonate with an average purity of 99.70%. The Phase 1 demonstration success validates both the operability of the equipment and the technology selection supporting E3 Lithium's commercial facility designs. E3 Lithium will continue to operate Phase 1 of the Demonstration Facility into Fourth Quarter 2025, processing brine through to lithium carbonate, which will be used, in part, for customer pre-qualification that underpins potential offtake agreements. Four separate samples were collected from some of the first lithium carbonate produced and analyzed for purity, averaging 99.70% lithium carbonate. The analysis was conducted in the E3 Lithium lab following the ISO TC 333 testing methodology that is being validated in part by E3 Lithium and the participation in the mirror committee. Samples will be sent for 3rd party analysis and verification. Conversion of the lithium chloride into lithium carbonate will be ongoing during the operation of the Demonstration Facility. Phase 2 of the Demonstration Facility includes the drilling of a production and injection well pair that supports reservoir development activities and enables continuous lithium carbonate production from the Company'sbrine feed. Phase 2 operations will continue to deliver important operational and engineering data that will feed the development of Feasibility Study and support the Final Investment Decision on E3 Lithium's Clearwater Project. Aankondiging • Sep 11
E3 Lithium Ltd. Receives Regulatory Approvals for Phase 2 of the Clearwater Project Demonstration Facility E3 LITHium Ltd. has received approval of its required permits from the Alberta Energy Regulator ("AER") to advance Phase 2 of its Clearwater Project Demonstration Facility. The Demonstration Facility is being completed in three phases, with Phase 1 currently being commissioned as announced on September 2, 2025. Phase 2 of the Demonstration Facility involves drilling a production and injection well to confirm Leduc Aquifer flow rates and reservoir characteristics, which will support the commercial well scheme design, gathering system and treatment equipment for E3 Lithium's commercial facility. Once the wells are completed, they will be tied into the existing 30- column DLE system and purification units commissioned in Phase 1 to create a fully integrated brine-to-battery-grade lithium carbonate process system. Upon the completion of Phase 1 commissioning, E3 Lithium will initiate final preparations to commence its drill program, which is expected to begin in early to mid-October. E3 has now received the following permits from AER that are required to advance its demonstration facility: Directive 065: Approval for a mineral scheme, including subsurface injection of produced fluids; Directive 056: Approval for mineral wells, including technical and licensing requirements; Directive 056: approval for mineral facility, including technical and licensing requirements. In Alberta, the same permits listed above are required to operate a commercial facility. These are the first facility permits issued under the Brine-Hosted Mineral resources regulations. E3 Lithium is in the process of completing the Directive 056 application for the commercial facility that will be accompanied by an Environmental Protection and Enhancement Act ("EPEA") application. Aankondiging • Sep 02
E3 Lithium Ltd. Begins Commissioning the Clearwater Project Demonstration Facility E3 Lithium Ltd. announced that commissioning of Phase 1 of the Demonstration Facility is underway and on schedule. Phase 1 involves operating the 30- column DLE system (the "DLE System") and polishing and purification equipment (the "Purification Units"). As previously stated, the objective of Phase 1 is to fully operationalize the DLE System and Purification Units to produce a high-quality lithium chloride, which will support the production of battery-grade lithium carbonate. Final testing and operational reviews were completed late last week; the first stage of commissioning is the introduction of brine into the DLE system, which occurred over the past weekend. The company expects the initial DLE System to take approximately one week to full commission. After which, the Purification Units will be initialized and lithium chloride produced from the DLE System will flow through this system, completing the commissioning stages of Phase 1. Once both the DLE System and purification Units have completed their respective commissioning stages, the Demonstration Facility will shift to full operations. The main goals of Phase 1 are to ensure the equipment is in operating order after assembly, confirm both systems functionality under real-time operating conditions and produce a high-quality lithiumchlor for conversion into battery-grade lithium carbonate". E3 Lithium has sufficient brine on site to enable the operation of the Phase 1 DLE and purification units into early Fourth Quarter, 2025, and the Company expects to provide updates as operations progress and results become available. Aankondiging • Aug 27
E3 Lithium Limited Appoints Alexandra Cattelan as Lead Director E3 Lithium Limited appointed Alexandra Cattelan as Lead Director. Ms. Cattelan’s appointment as Lead Director follows leading governance standards and supports E3 Lithium’s ongoing commitment to overall corporate governance. Ms. Cattelan has extensive experience in leading electric propulsion and advanced mobility programs and lithium battery development from her past roles with General Motors, Stellantis, and Johnson Controls. In the role as Lead Director, Ms. Cattelan will work directly with the Chair and CEO of E3 Lithium and preside over executive sessions of the independent directors. Aankondiging • Aug 12
E3 Lithium Provides Clearwater Project Demonstration Facility Update E3 Lithium Limited is progressing towards final inspection and commissioning of Phase 1 of the Demonstration Facility ("Phase 1"). The goal of Phase 1 is to fully operationalize the DLE system and associated polishing and purification units to produce a high-quality lithium chloride, which will support the production of battery-grade lithium carbonate. All major equipment for Phase 1 has arrived on site. The DLE system and associated Polishing and purification units, previously announced on July 10, 2025, are now fully assembled. Crews continue to assemble and incorporate supporting infrastructure, with the final mechanical and electrical checks underway. The Company expects to complete the assembly of the remaining equipment within the next week, with final mechanical and electrical checks completed shortly thereafter. The system will then undergo final inspection and an extensive operational review to assess equipment performance and identify any damage that may have occurred during transportation to the site. Assuming no major issues are identified through the operational review, the Company is targeting to begin commissioning by the end of August. Commissioning will commence with the introduction of brine, which has been previously stored on site for this purpose, and will focus on ensuring operational efficiency of the DLE system. New Risk • Jul 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$16m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$9.7m net loss next year). Market cap is less than US$100m (CA$82.3m market cap, or US$59.9m). Aankondiging • Jun 25
E3 Lithium Ltd. Releases an Updated Mineral Resource Report for its Garrington District in Central Alberta E3 Lithium Ltd. release an updated mineral resource report for its Garrington District in central Alberta. The NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate (the "Garrington Report") outlines an updated Measured and Indicated mineral resource estimate of 5.0 million tonnes ("Mt") of lithium carbonate equivalent ("LCE"). Highlights: The Garrington District includes 273,449 hectares of land. The lithium concentrations on or near E3 Lithium's Land holdings range from 45 mg/L to 61 mg/L, with an average of 54mg/L. The property sits directly to the west of E3 Lithium's Bashaw District where the Company is currently developing its Clearwater Project. Similar to the Bashaw District, the Garrington District lithium brine deposit is hosted in the carbonate reef complex deposits of the Leduc Formation. The Garrington Report follows from the NI 43-101 Technical report for the North Rocky Property, effective October 27, 2017, which included a small subsection of the area encompassed in the Garrington Report. The Garrington mineral resource estimate has been calculated across the Garrington Lithium District and was developed as outlined below. First, data compilation and review of existing reports within the Garrington Lithium District were conducted. Then, a reservoir depositional framework was developed based on core descriptions and lithofacies analysis. The mineral resource estimate was completed by a multi-disciplinary team led by E3 Lithium and supervised by Meghan Klein and Alexey Romanov of Sproule ERCE, acting as Qualified Persons using volumetric analysis based on geological parameters of reservoir geometry, effective porosity, permeability, and dissolved lithium concentrations. Aankondiging • Jun 04
E3 Lithium Announces Retirement of Chairperson John Pantazopoulos E3 Lithium Ltd. has announced that John Pantazopoulos, Chairperson of the Board of Directors, will be retiring from the Board and will not seek re-election at the Annual General Meeting (AGM) scheduled for July 2, 2025. Mr. Pantazopoulos has been a director of E3 Lithium since 2020 and has served as the CFO and Chairperson during that time. The Board has added three board members with diverse experience in the automotive industry, the lithium industry, and government and policy over the past two years. The number of directors will be set at five with the incumbent directors nominated for the upcoming AGM. Aankondiging • Jun 02
E3 Lithium Ltd. Provides Progress Update for the Demonstration Facility E3 Lithium Ltd. provided a progress update on its Demonstration Facility ("Demo Facility"). The Demo Facility is planned to be brought on stream in three phases through the second half of 2025 and into 2026. The lithium extraction equipment comprising of the 30- column Direct Lithium Extraction (DLE) system (the "30- column System"), as well as the purification and concentration equipment is now fully fabricated and undergoing final checks. The skids are expected to arrive and be assembled on site in the Clearwater Project area over the next six to eight weeks. E3 Lithium has also received the sorbent for the DLE columns and completed the majority of the payments for this equipment. Following arrival on site, the equipment will be assembled and undergo operational and safety checks, followed by final leak checks. Phase 1 will use brine hosted on site for the commissioning and operation of the 30- column system equipment to produce battery-grade lithium carbonate. It is expected that shortly after the drilling of the wells in Phase 2, the production well will be tied directly into the 30- column equipment and operate using a "live" brine feed. Operation of a fully integrated system will enable E3 Lithium to optimize the process for factors such as recovery and flow rates and will provide important data for use in the design and costing of the commercial facility. The lithium carbonate produced will be used for customer interrogation and to potentially begin pre-qualification. Each phase of the Demo Facility is an important step towards validating the process technology and E3 Lithium's ability to produce battery-grade lithiumcarbonate from Leduc Brines at scale. The key objective of the Demo Facility is to de-risk the project design for E3 Lithium's full commercial scale Clearwater Project as the Company progresses towards completion of the Feasibility Study and securing of project financing. It is a significant achievement for E3 Lithium to turn this design into a reality, and a major step forward to see it operate in the very near future. Preparation for Phase 3 will increase as the first phase begins field operations and is expected to be installed in early 2026. New Risk • Jun 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$16m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$16m free cash flow). Earnings have declined by 30% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (CA$65.6m market cap, or US$47.8m). New Risk • May 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 17% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (CA$46.8m market cap, or US$34.1m). Aankondiging • May 22
E3 Lithium Ltd. and Pure Lithium Report Results from Phase 1 of the Lithium Metal Battery Joint Development Agreement E3 LITHium Ltd. announced the initial results from the battery cells manufactured under the Joint Development Agreement with Pure Lithium Corporation ("Pure Lithium"), using E3 Lithium's brines and DLE technology and Pure Lithium's innovative extraction and battery technology. As previously announced on March 13, 2025, several variations of lithium chloride concentrate that reflect specific locations along the E3 Lithium process flow sheet within the commercial facility design were used to make lithium metal anodes at Pure Lithium's Boston facility. The lithium from the E3 concentrated lithium chloride was electrodeposited as pure lithium metal onto a copper substrate, creating a complete, battery ready anode. These anodes were then assembled by Pure Lithium into batteries, and their electrochemical performance was evaluated in full cells. Notable results include: Lithium Metal Purity: The various E3 brine streams all achieved a very high purity level, > 99.9% pure lithium metal as tested by ICP-OES analysis. Cell Performance (Life Cycle): This tests for the number of charge and discharge cycles the battery achieves while retaining 80% of its capacity. All cells achieved over 500 cycles to date. Charge and Discharge Rates: This tests for the duration of a charge and discharge. These tests were conducted at a 1C:1D ratio, one hour charge time and one hour discharge time. The results of this study concluded that an easily producible version of E3's lithium concentrate provided the most cost-effective feedstock for use in Pure Lithium's batteries. It also demonstrated the robustness of Pure Lithium's process, showing no performance differences between batteries made using lithium chloride from E3's Leduc Brines, and those made from Pure Lithium's standard sources. The two companies continue to collaborate on the development and planning of an integrated process that can deliver the highest purity lithium metal anodes at the lowest possible cost. New Risk • May 07
New major risk - Revenue and earnings growth Earnings have declined by 31% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$9.2m net loss next year). Market cap is less than US$100m (CA$49.7m market cap, or US$35.9m). Aankondiging • Apr 23
E3 Lithium Limited, Annual General Meeting, Jul 02, 2025 E3 Lithium Limited, Annual General Meeting, Jul 02, 2025. Aankondiging • Apr 16
E3 Lithium Ltd. Provides Demonstration Plant Progress Update E3 Lithium Ltd. provided a progress update on its Demonstration Facility ("Demo Facility") which is planned to be commissioned in 2025. All of the critical components for the 5 skids being constructed have been procured and the skids are approximately 50% assembled. Outlined in the pictures below is the valve control skid, which will operate the 30 column DLE skid and one of the polishing skids. While delays can occur, the equipment remains on schedule for second quarter completion and arrival on site in third quarter. Installation, assembly, and commissioning will commence in third quarter, subject to regulatory approval. E3 plans on drilling two wells, a production and injection pair to complete a subsurface demonstration, also planned for third quarter. Later in 2025, E3 will begin preparation for Phase 3, which includes the installation of a commercial scale DLE column. The three Phases of the Demo Facility aim to fully validate the processing technology and produce battery-grade lithium carbonate from Leduc Brines, which will significantly de-risk the process heading into the completion of Feasibility and commencement of project financing for E3 Lithium's Clearwater Project. Recent Insider Transactions • Apr 11
CEO, President & Director recently bought CA$79k worth of stock On the 2nd of April, Christopher Doornbos bought around 102k shares on-market at roughly CA$0.78 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Christopher has been a buyer over the last 12 months, purchasing a net total of CA$11k worth in shares. Aankondiging • Jan 28
E3 Lithium Produces Battery Quality Lithium Carbonate with Demonstration-Scale Equipment E3 Lithium Limited announced it has successfully produced battery quality lithium carbonate from Leduc brines using its demonstration-scale equipment, operated in its laboratory in Calgary. The production of lithium carbonate achieves a battery quality purity of 99.71% based on internal analysis as outlined in the January 15, 2025 announcement. Achieving this purity as an initial result is an incredible achievement by the team. The ability to produce reliable and consistent lithium carbonate at battery quality specifications will be an important factor in attracting partners and off takers to the project. Further work is planned to test various operating parameters ahead of the demonstration facility operations. More details on the full demonstration program will be provided by E3 Lithium in the coming weeks. The team produced the battery quality lithium carbonate using lithium chloride concentrate produced from the Pilot Operations in 2023. The production process utilized in the laboratory was conducted using the same conditions and equipment planned for the full-scale Lithium Brine Demonstration Facility, which follows those outlined for the commercial facility outlined in the Clearwater Pre-Feasibility Study. By testing and optimizing each stage in a controlled lab setting, E3 Lithium is ensuring a smooth transition to battery-grade lithium carbonate production as it scales up to full operational capacity. In phase one of development, announced on September 26, the lab focused on commissioning reactors specifically designed to produce lithium carbonate with consistency and reliability. This successful production of battery quality lithium carbonate using concentrate produced from the Leduc aquifer provides significant confidence in the full process and the capabilities of the team at E3. Aankondiging • Nov 02
E3 Lithium Ltd. Outlines Demonstration Program Objectives to Advance Lithium Production in Alberta E3 Lithium Ltd. outlines the main objectives of its Demonstration Facility (the Demo Project), aimed at producing battery-grade lithium carbonate from E3 Lithium's brine and lithium minerals resource, located in Alberta. The Demo Project is supported by Emissions Reduction Alberta (ERA), providing CAD 5 million to support this important advancement for Alberta’s lithium industry. The facility and equipment will be completed over the winter and in operation in mid-2025. Overview of the Demonstration Program: The Demo Project will encompass the full suite of process operations, from brine production, pretreatment and lithium carbonate production. The overarching goal is to replicate the functionality of the E3 Lithium commercial system at a smaller scale, to test the cohesiveness of each unit when operated simultaneously. The project will be divided into six main systems, each designed to operate as close to a commercial system as possible. Brine Production: likely to occur in two stages, the brine will be sourced from the aquifer to feed the production equipment to generate lithium carbonate. A second stage will increase brine production volume to emulate a commercial production well, testing the reservoir properties at this scale. Pre-DLE Brine Treatment: separate the entrained gas in the brine, this step will remove these gases using conventional petroleum industry two-phase separation equipment, producing a brine that can be fed directly into the DLE system. Scaled-up DLE system: A larger scale, fully automated, DLE system will be deployed to mimic, as closely as possible, the same process operations that will be deployed in the commercial facility. This includes the numbers of vessels per module, how brine enters and exits the vessels and the sequence of rinse and desorption steps. The sorbent will be sourced from a third-party vendor for the DLE system in line with its Pre-Feasibility Study (PFS). Post- DLE Treatment: This step further concentrates and refines the lithium chloride from the DLE system, optimized to produce battery-grade lithium as the final step. As outlined, E3 Lithium is Commissioning the Carbonation Equipment in the laboratory in Calgary. The goal is to operate the equipment at demonstration scale in the lab to build the necessary skill set and confirm the operational parameters to enable the Company to produce consistent battery-grade lithium carbonate. The remainder of the equipment is being sourced from manufacturers as per the E3 Lithium commercial design specifications and requirements. The Demo Project will be built and subsequently operated in defined phases: The engineering and design of the equipment are well underway, with the focus on a design that closely resembles a commercial operating unit; Equipment manufacturing is set to begin in the new year, with an expected four to five months to delivery on site; Commissioning will occur on-site with brine that has already been produced, accelerating the commissioning process; Once the system is operating to the designed specifications, the live brine stream will be connected, enabling end-to-end operations to produce battery-grade lithium carbonate; Carbonation equipment: Sodium carbonate, sourced from a commercial supplier, will be added to the lithium chloride in a reactor to produce battery-grade lithium carbonate. As outlined in E3 Lithium’s PFS, the byproduct of this step is sodium chloride (table salt), which can be added back into the brine for disposal; Water recovery: process water streams from the post-DLE treatment will be collected, where appropriate, to be used as strip fluid for desorbing the lithium from the sorbent in the DLE step. The success of its Demo Project, operated from its field location in Alberta, will achieve two essential objectives: Confirm the process to achieving battery-grade lithium carbonate under commercial conditions; Provide consistent product to its potential customers over an extended period produced by E3 Lithium. Aankondiging • Oct 17
E3 Lithium Successfully Completes the Pilot Project Funded by Natural Resources Canada and Receives Final Payment E3 Lithium Limited announced it has successfully completed all milestones of the Pilot Project funded by Natural Resources Canada's (NRCan) Critical Minerals Research, Development and Demonstration (CMRDD) program. The total support from the CMRDD program was a $3.5 million contribution, and E3 has now received the final payment of $354,000. This funding supported E3 Lithium’s successful field pilot operations and the advancement of using Direct Lithium Extraction (DLE) technology to extract lithium from Leduc brines in Alberta, Canada. E3 Lithium successfully demonstrated DLE technology at scale, achieving high lithium recovery from brines with high flow rates. The pilot project provided essential data incorporated into the recently released Pre-Feasibility Study (PFS), confirming the economic viability of the Clearwater Lithium Project in Alberta. Aankondiging • Aug 08
E3 Lithium Plans to Construct A Fully Integrated Lithium Demonstration Facility E3 Lithium Ltd. announced its plan to build a fully integrated Lithium Brine Demonstration Facility with the goal to produce battery grade lithium carbonate from brines located within the Leduc reservoir in Alberta. The Demo Project takes a significant step forward in the Company's strategic plan to develop a commercial lithium facility that will reinforce western Canada as a major lithium resource jurisdiction. The Demo Project will be an advancement from the successful Direct Lithium Extraction pilot program conducted in 2023. The Company operated and evaluated multiple technologies, showcasing the technical feasibility of DLE technology including its own proprietary DLE. The 2023 pilot provided critical data used in the recently released Pre-Feasibility Study validating the economic feasibility of lithium projects in Alberta. The Demo Project will operate a fully integrated process that will include an increase in the scale of the DLE system and add into the processes for the purification, concentration and chemical conversion to continually process brine into battery grade lithium carbonate. Additional hydroxide developments will be conducted offsite. The objectives of the Demo Project are to unify the necessary components onsite into a fully integrated process replicating, as best as possible at a reduced scale, a commercial system. This will provide real-time data while the Company continues to design a commercial system through advanced engineering. It will also provide samples for commercial discussions with potential strategic partners. The Demo Project will enable the Company to continually optimize and de-risk each step of the flowsheet as it moves towards completing its feasibility study. This facility is unique in Canada and will serve as an economic driver for Alberta's battery supply chain. The Company will publish more details on the Demo Project over the coming months while it finalizes the design
and operational aspects. Aankondiging • Jul 17
E3 Lithium Limited Announces Board Changes E3 Lithium Limited in its annual general and special meeting held on July 16, 2024 announced that Tina Craft joins the board of directors of the company and replaces Mike O’Hara, who has retired from the Board. Price Target Changed • Jun 28
Price target decreased by 25% to CA$6.20 Down from CA$8.24, the current price target is an average from 3 analysts. New target price is 328% above last closing price of CA$1.45. Stock is down 37% over the past year. The company is forecast to post a net loss per share of CA$0.11 next year compared to a net loss per share of CA$0.13 last year. Aankondiging • Jun 27
E3 Lithium Ltd Announces the Summary of Key Results from the Pre-Feasibility Study for its Clearwater Project, Located in South-Central Alberta E3 LITHIUM LTD announced the summary of key results from the Pre-Feasibility Study (“PFS”) for its Clearwater Project, located in south-central Alberta. The PFS outlines the Clearwater Project's economic viability, environmental sustainability and long-term operational potential, and reports Canada's first lithium-in-brine proven mineral reserve. The completion of the PFS incorporates 12 months of engineering and design work and includes the data and learnings from the successful 2023 Direct Lithium Extraction (DLE) Field Pilot Plant, as well as the in-house verification testing. The detailed flow sheet outlines a lithium chloride produced from a DLE system and further purified and concentrated. A two-stage chemical conversion process first produces lithium carbonate and then battery quality lithium hydroxide. Critical to sustainability is implementing practices to minimize environmental impact associated with lithium production. Initial production: 32,250 tonnes per annum Lithium Hydroxide Monohydrate (LHM). 50-year operating life: covers only a portion of the total Bashaw District. Reserves: 1.29 million tonnes (Mt) of LHM Proven & Probable lithium mineral reserve (1.14 Mt Lithium Carbonate Equivalent (LCE)) from the total Bashaw District of 18.4 Mt of LHM Measured and Indicated mineral resource (16.2 Mt LCE) located in the Leduc Reservoir. Strong Project Economics:After-tax NPV $3.72 Billion with a 24.6% IRR at an 8% discount rate (pre-tax NPV8 of $5.18 Billion with a 29.2% IRR) using Benchmark Mineral Intelligence’s (BMI) LHM price forecast Initial Capital Expenditure (CAPEX): $2.47 Billion includes water recycling and contingency. Initial Operating Costs (OPEX): $6,200 per tonne LHM provide for a long life and robust project fundamentals Sustainably produced lithium: Process water for the operation will be sourced from recycling and make-up water from waste brine stream, smaller surface footprint relative to conventional lithium production4 with potential plant emissions of 1.9 tonnes CO2e/tonne LHM. Clearwater Project’s initial production and nameplate capacity is projected to be 32,250 tonnes of lithium hydroxide per year. The Clearwater has a projected production life of 50 years. Over this time, the lithium grade declines over the 50-year period as mixing occurs within the reservoir drainage pattern. This projection is based on a thorough analysis that informed the creation of a detailed reservoir development plan. Production values were determined based on comprehensive reservoir data, to ensure a solid foundation for future operations. The mineral reserve estimate uses an average lithium price of $31,344 per tonne LHM, and uses negative cash flow as the economic cut-off, which was not realized within the 50-year production life of the project. The total reserve volumes account for 38% of the mineral resource volume within the project area. Capital cost estimates used industry standard estimating practices for a Class 4 estimate. Operating cost estimates were compiled using vendor and engineering data. Price Target Changed • May 28
Price target decreased by 8.3% to CA$7.90 Down from CA$8.61, the current price target is an average from 4 analysts. New target price is 344% above last closing price of CA$1.78. Stock is down 27% over the past year. The company is forecast to post a net loss per share of CA$0.13 next year compared to a net loss per share of CA$0.12 last year. Aankondiging • May 24
E3 Lithium Outlines Inaugural 2.5 Mt LCE Inferred Mineral Resource within the Estevan Lithium District in Saskatchewan E3 LITHIUM LTD. announced the inaugural inferred mineral resource of ~2.5 million tonnes of lithium carbonate equivalent (LCE) contained within the Estevan Lithium District located in southeast Saskatchewan. E3 Lithium acquired its Saskatchewan property in 2021, situated near the city of Estevan. The Company’s permit area covers approximately 67,000 hectares of crown mineral permits within the Estevan Lithium District. Recent lithium exploration near E3 Lithium’s land holdings have shown high lithium concentrations, including up to 259 mg/L in the Duperow Formation. The elevated lithium concentrations of interest exist within the Duperow Formation, which was broken down into six distinctive zones based on geological characteristics. The resource estimate has been calculated across E3 Lithium’s permits within the Estevan Lithium District and was developed in stages. First, data complication and review of existing reports within the Estevan Lithium District were conducted. Then, a reservoir depositional framework was developed based on core descriptions and lithofacies analysis. Thirdly, petrophysical modeling on geophysical wireline logs, validated against core analysis where possible, was performed. Finally, geological maps were generated, and leveraged for reservoir volume calculations. The mineral resource estimate for the Estevan property is summarized in the table below. The mineral resource is considered inferred due to the geological evidence being sufficient to imply but not verify geological grade, or quality continuity. The mineral resource estimate was completed by a multi-disciplinary team led by E3 Lithium and supervised by Alex Haluszka and Jason Clarke of Matrix Solutions Inc. acting as QP. The estimate was completed using volumetric analysis based on geological parameters of reservoir geometry, effective porosity, permeability, and dissolved lithium concentrations. The mineral resource estimate benefited from a considerable amount of data compiled by the oil and gas industry and made public by the Government of Saskatchewan. Key data sets used to determine reservoir brine parameters in the resource area include: core plug analyses (effective porosity/‘PhiE’ and permeability), and wireline logs (lithology, total porosity/‘PhiT’ and relative permeability). To calculate the brine volume for each zone within the Duperow, the E3 Lithium permit area was multiplied by the net reservoir thickness (P50 value, using a 2% porosity cut-off), multiplied by the effective porosity (P50 value, above the 2% cut-off), multiplied by the expected brine saturation in the reservoir (99%). From there, the Original Lithium in Place (OLIP) is calculated by multiplying by the lithium concentration (P50 value for each zone). Aankondiging • May 10
E3 Lithium Limited's Laboratory to Expand to Include Production of Lithium Carbonate E3 Lithium Limited announced it is expanding the Calgary-based lab to incorporate the equipment to complete the polishing and production of battery products, such as lithium carbonate and lithium hydroxide. E3 Lithium’s development facility, located at the University of Calgary, has been operational since early 2021. The facilities' focus has been on the development and verification of Direct Lithium Extraction (DLE) processing technologies. The internal team of experts has been beneficial in ensuring that E3 Lithium successfully completed the necessary steps towards technology development and selection, including verification testing of third-party DLE processes to support the design and decision making for the commercial facility. E3 also has its own internal analytics team that enables the Company to efficiently and quickly produce consistent results from the various testing processes. With the definition of the downstream processes utilizing chemical conversion to produce lithium carbonate and then lithium hydroxide, E3 will deploy the same validation, verification and optimization strategy to the conversion processes. This includes building scaled down process equipment that mimics the commercial systems to validate and optimize the production of lithium carbonate. The team will further investigate the necessity to complete the equipment to continue from carbonate to lithium hydroxide. This work will support E3 Lithium’s feasibility engineering study and future commercial operations. The Post-DLE to Lithium Carbonate Flowsheet DLE technology extracts lithium ions from E3 Lithium’s brine efficiently and effectively producing a lithium rich concentrate stream. The process to convert the lithium rich solution (a liquid) to lithium carbonate (a solid) utilizes conventional chemical reactions and industry standard processes and is comprised of two main steps: purification with volume reduction and precipitation of lithium products. Purification and Volume Reduction: This step removes the contaminants, mainly calcium, magnesium and boron, from the DLE lithium rich product stream, further concentrates the lithium stream and recovers water for reuse in the process. Example of process technology used in this step can include precipitation, nanofiltration, ion exchange, reverse osmosis (RO) and evaporation. Precipitation: The final step involves a conversion process achieved by mixing soda ash with the purified, concentrated lithium solution to produce a solid lithium carbonate (Li2CO3) precipitate. E3 Lithium will analyze the carbonate product for impurities thereby enabling the Company to gain a deeper understanding of the process requirements necessary to achieve battery-grade lithium carbonate and optimize the design and/or operating parameters if necessary. E3 Lithium will also send the carbonate produced to certified third-party labs for independent validation. The Company is also evaluating the development of the production of lithium hydroxide as it focuses on building the carbonate as a first step. Aankondiging • May 08
E3 Lithium Limited, Annual General Meeting, Jul 16, 2024 E3 Lithium Limited, Annual General Meeting, Jul 16, 2024. Agenda: Annual General Special Meeting. Aankondiging • Mar 05
E3 Lithium Limited Appoints Hon. Sonya Savage, to the Board of Directors E3 LITHIUM LTD. announced that the Hon. Sonya Savage, former cabinet minister and Minister of Energy for the Province of Alberta, has joined the Company’s Board of Directors effective March 5, 2024. Ms. Savage served as a Senior Minister for four years in the Alberta Government as Minister of Energy, Minister of Justice and Solicitor General and Minister of Environment and Protected Areas. Ms. Savage brings with her a wealth of expertise in developing and implementing climate and energy policies, legislation and regulations. During her time as Minister of Energy, Ms. Savage oversaw the development of Alberta’s energy and mineral resources, and implemented policies, legislation and regulations to enable critical mineral development, including brine-hosted minerals, in the province. Ms. Savage led the development of Bill 82, the Mineral Resource Development Act, which received royal assent in 2021, giving regulatory oversight of Alberta’s mineral resources to the Alberta Energy Regulator (AER), and positioning Alberta as a preferred producer and supplier of metallic and mineral resources. Ms. Savage also helped develop the governance structure and mandate for the Alberta Indigenous Opportunities Corporation in her role as Minister of Energy. Ms. Savage worked in private practice as a litigator for 13 years and studied law at the University of Calgary. She received her Master of Laws (LLM) in 2015 with a published thesis on the changing role of the National Energy Board. Ms. Savage was also appointed Queen’s Counsel (King’s Counsel) in 2022. Aankondiging • Feb 20
E3 Lithium Provides Update on Technology Selections for First Commercial Lithium E3 Lithium Limited provide an update on the selection process for Direct Lithium Extraction (DLE) technology and the design of the downstream refining flowsheet for its first commercial facility. In 2023, E3 Lithium committed to operating a field pilot plant to test DLE technologies at continuous scale to demonstrate the technical capability of various technologies to extract lithium efficiently from E3 Lithium’s brines. At the pilot, the Company operated its proprietary DLE technology and a third-party technology which produced successful results. In parallel, to ensure the Company had evaluated the available options to select the combination of processes that produce the best technical and economic results for its commercial design, E3 Lithium evaluated an additional three third-party DLE systems. The results of all the DLE technologies were similar to the results outlined from the pilot testing in terms of the recovery and lithium concentrate quality. The most significant information received from all testing of DLE technologies that E3 Lithium completed was that each achieved technical success, which has significantly de-risked the commercial viability of the Company’s Leduc brines and Clearwater Project. The results also provided sufficient data to allow the Company to analyze each of the leading DLE options in combination with the downstream refining process, to select the optimal design for inclusion into E3 Lithium’s Prefeasibility Study (PFS). The Company’s primary goal is to make a decision that will enable immediate progression into the Feasibility Study and onto commercial construction and operations. In selecting the technology for its first commercial facility, E3 Lithium is prioritizing, above all else, the most viable path to commercial operations with the most attractive economics. Other important factors include the ability for the third party to provide a performance guarantee, the commercial readiness of the technology and the operability of the processes. These factors become paramount as all DLE technologies tested produce the required technical results and lithium concentrate solutions suitable for downstream refining into battery-grade lithium. As a result, E3 Lithium is proceeding with using third-party technology at its first commercial facility as the best option to meet the Company’s goals. Selecting third-party technology with advanced commercial readiness supports E3 Lithium’s commercialization plans in the near term. New Risk • Feb 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$119.4m (US$88.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 37% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CA$21m net loss in 2 years). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (CA$119.4m market cap, or US$88.2m). Aankondiging • Jan 25
E3 Lithium Ltd. Discovers Lithium Concentrations as High as 87 Mg/L in the Nisku Aquifer E3 LITHIUM LTD. announced the discovery of higher lithium concentrations in the Nisku Aquifer (the Nisku) through a new six well sampling program conducted late in 2023. E3 Lithium sampled brine in the Nisku from six well locations in its Clearwater Project Area that outlined lithium concentrations as high as 87 mg/L. These results are from the first Nisku samples in the Clearwater Project area, and are higher than the historic Nisku samples, which outlined lithium grades up to 75 mg/L. E3 Lithium is investigating potential causes further and may resample. The Nisku is located above the Leduc Aquifer and stretches across E3 Lithium's entire permit area where the Company holds mineral rights, which include the rights to the lithium within the Nisku. The Nisku and Leduc are Devonian stacked reef complexes that have similar geological properties, however, the Nisku is generally not as thick as the Leduc. As outlined in E3's Preliminary Economic Assessment, the Clearwater Lithium Project has an NPV8% of USD 1.1 Billion with a 32% IRR pre-tax and USD 820 Million with a 27% IRR after-tax1. E3 Lithium's goal is to produce high purity, battery grade lithium products to power the growing electrical revolution. With a significant lithium resource and innovative technology solutions, E3 Lithium has the potential to deliver lithium to market from one of the best jurisdictions in the world. The Preliminary Economic Assessment (PEA) for the Clearwater Lithium Project NI 43-101 technical report is amended Sept 17, 2021. Gordon MacMillan, P.Geol, QP, Fluid Domains Inc. and Grahame Binks, MAusIMM, QP (Metallurgy), formerly of Sedgman Canada Limited. All of E3 Lithium samples were analyzed by a third-party certified laboratory, following independently verified sample acquisition procedures that maintained a strict chain of custody, in accordance with The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) guidelines. Recent Insider Transactions • Jan 21
CEO, President & Director recently bought CA$138k worth of stock On the 16th of January, Christopher Doornbos bought around 100k shares on-market at roughly CA$1.38 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$283k. Christopher has been a buyer over the last 12 months, purchasing a net total of CA$1.1m worth in shares. Recent Insider Transactions Derivative • Jan 15
Independent Director exercised options and sold CA$55k worth of stock On the 12th of January, Michael O'Hara exercised 100.00k options at around CA$1.38, then sold 72k of the shares acquired at an average of CA$2.14 per share and kept the remainder. Since June 2023, Michael's direct individual holding has increased from 260.00k shares to 317.00k. Company insiders have collectively bought CA$621k more than they sold, via options and on-market transactions, in the last 12 months. Aankondiging • Nov 29
E3 Lithium Limited Announces Director Appointments E3 Lithium Limited announced Robin Boschman is moving into the role of Director, Investor Relations and Corporate Communications effective immediately. The Company is also excited to add Paul Godley to the team as a Senior Project Director responsible for execution of the Clearwater Project. Robin has more than 15 years of experience in the energy industry in private and public companies, including more than ten years in a company acquired by Berkshire Hathaway Energy. Her experience involves leading communications teams and strategies spanning investor relations, media relations, crisis communications, financial communication, employee and stakeholder relations, marketing and PR and social investment. She has a Bachelor of Applied Communications in Public Relations degree from Mount Royal University and a Master of Business Administration from the University of Calgary. Robin is also a Director of the Battery Metals Association of Canada. Robin will be responsible for managing relationships with the Company’s investors and stewarding E3 Lithium’s capital markets outreach. She will also be responsible for the overall external communications function along with reputation and brand management. E3 Lithium is also pleased to welcome Paul Godley to the Company in the role of Senior Director, Project Execution. Paul is a professional engineer with nearly 20 years of experience in various projects, governance and engineering roles including leading the design and execution of natural gas and liquids projects. His experience includes more than 12 years at TC Energy where he managed the implementation of more than $5 billion of new capital infrastructure in Canada and the U.S. He has an extensive project execution background including experience in regulatory, landowner consultation, stakeholder relations, engineering management, contracts and contractor management, quality and safety programs. Paul will be responsible for executing and delivering E3 Lithium’s first commercial facility working closely with the project team currently delivering the Pre-Feasibility Study. Recent Insider Transactions Derivative • Nov 17
CEO, President & Director exercised options and sold CA$288k worth of stock On the 13th of November, Christopher Doornbos exercised options to acquire 300k shares at no cost and sold these for an average price of CA$0.96 per share. This trade did not impact their existing holding. Since June 2023, Christopher's direct individual holding has decreased from 1.50m shares to 1.48m. Company insiders have collectively bought CA$663k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Nov 17
CEO, President & Director recently bought CA$283k worth of stock On the 9th of November, Christopher Doornbos bought around 100k shares on-market at roughly CA$2.83 per share. This transaction amounted to 7.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Christopher has been a buyer over the last 12 months, purchasing a net total of CA$1.0m worth in shares. Recent Insider Transactions Derivative • Nov 09
Independent Director exercised options to buy CA$299k worth of stock. On the 6th of November, Michael O'Hara exercised options to buy 100k shares at a strike price of around CA$0.70, costing a total of CA$70k. This transaction amounted to 43% of their direct individual holding at the time of the trade. Since June 2023, Michael's direct individual holding has decreased from 260.00k shares to 235.00k. Company insiders have collectively bought CA$669k more than they sold, via options and on-market transactions, in the last 12 months. Aankondiging • Nov 08
E3 Lithium Ltd. Outlines the Performance of Its Dle Pilot Against Kpis E3 LITHIUM LTD. reported it has completed field testing of its proprietary Direct Lithium Extraction (DLE) technology at its pilot plant. E3 Lithium provides an overview of the results below, which have met and exceeded its Key Performance Indicators (KPIs). E3 Lithium's DLE Test Results. E3 Lithium's D LE Test Results. E3 Lithia's DLE Test Results. The table below outlines a summary of E3 Lithium's Dle full results. E3 Lithium'sDLE system has demonstrated to achieve a high lithium recovery at much higher flow rate ratios. A higher flow rate ratio can have a significant positive economic impact on the design of a commercial facility for a given recovery. The concentration of lithium and that of the impurities varied throughout the testing based on what the system was testing for, represented here with some indicative results from the testing. Next steps: The Company plans to continue testing an additional third-party technology through the remainder of 2023 and likely into early 2024. E3 Lithium is reviewing the results from the two DLE systems already tested and will compare them with the results of the third system once complete to determine the cost implications of integrating them into the full process flow sheet. With the positive results from these two systems now complete, the Company has paused site operations and will continue testing the third system off-site to realize the cost savings associated with avoiding winter operations. Given the learnings and success from the field pilot plant thus far, the Company can execute an off-site pilot with similar operating conditions and quality of data with the additional benefit of cost savings. Based on the results of testing, commercial readiness of the systems and a fulsome understanding of the associated economics, the Company will decide which technology to pursue for its first commercial facility. E3 Lithium's goal is to produce high purity, battery grade lithium products to power the growing electrical revolution. With a significant lithium resource and innovative technology solutions, E3 Lithium has the potential to deliver lithium to market from one of the best jurisdictions in the world. The Preliminary Economic Assessment (PEA) for the Clearwater Lithium Project NI 43-101 technical report is amended Sept 17, 2021. Gordon MacMillan, P.Geol, QP, Fluid Domains Inc. and Grahame Binks, MAusIMM, QP (Metallurgy), formerly of Sedgman Canada Limited (Report Date: June 15, 2018, Effective Date: June 4, 2018 Amended Date: September 17, 2021). The mineral resource NI 43-101 Technical Report for the North Rocky Property, effective October 27, 2017, identified 0.9Mt LCE (inferred). The mineral resource NI 43 -101 Technical Report for the Bashaw Property, effective October 27, 2018, identified 0.9MT LCE (inferred). The Company plans to continue testing an additional third-party technology through the remainder of 2023 and likely into early 2024. E3 Lithium is reviewing the results from the two DLE systems already tested and will compare them with the results of the third system once complete to determine the cost implications of integrating them into the full process flow sheet. Recent Insider Transactions • Nov 02
CEO, President & Director recently sold CA$63k worth of stock On the 25th of October, Christopher Doornbos sold around 22k shares on-market at roughly CA$2.85 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$301k. Despite the recent sale, Christopher has been a net buyer over the last 12 months, purchasing a net total of CA$717k worth of shares. Aankondiging • Oct 31
E3 Lithium Limited Produces Battery Quality Lithium Hydroxide Monohydrate With Purity of 99.78% E3 Lithium Limited announced it has successfully produced 99.78% pure battery quality Lithium Hydroxide Monohydrate (LHM). The conversion process to produce LHM begins with further purification and concentration of the lithium concentrate produced through Direct Lithium Extraction (DLE), leading to the production of lithium carbonate, as outlined on August 23, 2023. In earlier test work, the lithium concentrate produced by DLE was used to test the processes for purification, concentration and conversion to lithium carbonate. The next step involves converting the lithium carbonate into LHM, followed by crystallization into the final salt form. The purity of the solid LHM is a critical factor for the sale of the product into the battery industry, with greater than 99.5% generally accepted to be battery quality. E3 Lithium is working with major equipment vendors to develop the downstream refining processes needed for a commercial facility. The lithium concentrate that has been produced from the DLE field pilot plant operations will be used for continual development and testing of this refining process. Board Change • Oct 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Kevin Stashin was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Oct 26
Price target decreased by 19% to CA$10.07 Down from CA$12.50, the current price target is an average from 3 analysts. New target price is 265% above last closing price of CA$2.76. Stock is up 24% over the past year. The company is forecast to post a net loss per share of CA$0.13 next year compared to a net loss per share of CA$0.12 last year. Aankondiging • Oct 24
E3 Lithium Welcomes Alexandra Cattelan, to Its Board of Directors E3 LITHIUM LTD. announced a new addition to its Board of Directors, Alexandra (Alex) Cattelan. Ms. Cattelan has more than three decades of experience leading electric propulsion and advanced mobility programs, lithium battery development, software controls systems and other technologies in automotive, boating and power sports applications. Ms. Cattelan has held senior leadership roles including Chief Technology Officer at Brunswick Corporation and has held roles at organizations such as Polaris, Stellantis, Johnson Controls, AVL and General Motors (US and Canada). At Johnson Controls, Ms. Cattelan was Vice President of Advanced Battery Engineering and of the Advanced Battery Group, and at GM, was the Assistant Chief Engineer of the Chevrolet Volt Extended Range EV. For most of her career, Ms. Cattelan has been passionately focused on leveraging technology to enhance sustainable mobility. Ms. Cattelan holds a bachelor’s degree of applied science in industrial engineering and a master’s degree of applied science in mechanical engineering, both from the University of Toronto. Ms. Cattelan also had the honour of being GM’s representative in the 2004 Governor General’s Leadership Council. Ms. Cattelan has sponsored Society of Women Engineers initiatives at multiple organizations and chaired GM’s Women’s Advisory Council. In addition to the E3 Lithium Board, Ms. Cattelan serves on the board of directors for Braunability, a leading manufacturer of vehicle adaptation solutions for people with limited mobility. Concurrent with the appointment of Ms. Cattelan, Peeyush Varshney has agreed to step down from E3 Lithium’s Board of Directors effective immediately. Mr. Varshney will remain in an advisory role with the Company while Alex transitions into her new position. Aankondiging • Oct 19
E3 Lithium Limited Completes Initial Field Pilot Plant Tests and Shares Results Against KPIs E3 Lithium Limited reported it has completed the series of three optimized tests at its Direct Lithium Extraction (DLE) Field Pilot Plant with results surpassing Key Performance Indicators (KPIs). The pilot continues to operate with the selected optimized test, outlined below, to confirm the results, while also producing lithium concentrate for further lithium production testing. The differences between each test included changes in the operating conditions to optimize the cycle time (the amount of time the sorbent was exposed to the brine), flow rate ratio and the duration of each cycle. While the conditions of Test 1 resulted in the best product quality (higher lithium concentration and lower impurities), Test 2 was able to achieve the highest flow rate ratio and optimized cycle duration. While the product quality of Test 2 was lower, it is still significantly greater than the KPI success criteria and a preferable trade-off from a commercial design perspective, outlined below. The average main impurities in the Test 2 product stream include: Na: 76.5 mg/L, K: 11.2 mg/L, Ca: 59.2 mg/L, Mg: 10.1 mg/L, Mn:0.2 mg/L mg/L, Sr: 1.5 mg/L and B 68.8mg/L. Given the results of the three tests, E3 Lithium is running the conditions for Test 2 for an extended operating period that is currently underway. E3 Lithium will continue to monitor and verify the results of the extended operating period. The details below provide context on the results and how they impact the overall design of E3 Lithium's commercial facility. Being able to extract lithium from the Leduc brines in Alberta efficiently and effectively at this scale has a significant positive impact on the project and advances the Company forward. Lithium Recovery: The mass of lithium recovered from raw brine was calculated based on the lithium concentration measured in the brine before and after the lithium was extracted using the DLE system. The average lithium recovery over the duration of each test is reported above. Concentration of lithium relative to other impurities: The average lithium grade is reported as the concentration of lithium relative to the total concentration of the impurities. Samples were pulled every four hours throughout the duration of each test. Concentration of lithium in the lithium product stream: The concentration of lithium in the product stream is reported as an average. Samples were pulled every four hours throughout the duration of each test. Flow Rate Ratio: The flow rate ratio is calculated from the brine flow rate relative to the volume of sorbent used. A higher number represents more brine flowing across the same amount of sorbent. The main KPI that is impacted by increasing the flow rate ratio is lithium recovery. The goal of the initial three tests was to maximize the flow rate ratio while maintaining lithium recovery and the purity of the product stream. Various parameters in each of the three tests were modified to increase the flow rate ratio while aiming to ensure recovery was maintained, along with achieving high levels of purity and high lithium concentration. Flow rate ratio is the focus for the testing due to its ability to directly impact the relative capital and operating costs of the brine treatment system. The quality of the product stream, quantified by lithium concentration and purity, has a direct impact on the relative size and complexity of the post DLE lithium refining process. Put simply, the more concentrated the lithium, combined with a lower concentration of impurities, the less energy is required to produce a battery grade product. The flow rate ratio has a larger impact on costs relative to the minor increase in impurities across the tests outlined above and is the determining factor for choosing Test 2 for its continued operations. All results achieved from pilot testing have exceeded E3 Lithium's expectations as well as all KPIs that have an impact on the design, and therefore, the cost of extracting lithium from E3 Lithium's brines. As E3 Lithium has previously outlined it is testing its own DLE technology along with two third-party technologies. The table of results above represent one of the third-party systems. The Company continues to test the E3 Lithium system and is progressing the testing of the second third party system this fall. Upon completion of the longer operating period currently underway, E3 Lithium is likely to have the data required for its Prefeasibility Study (PFS), Definitive Feasibility Study (DFS) and the detailed engineering and design for its first commercial facility. This longer operation will also produce lithium concentrate for further downstream processing of battery-grade Lithium Hydroxide Monohydrate (LHM). E3 Lithium will provide details of the DLE system and the downstream equipment vendor selected for its PFS once all data from the pilot operations are compiled and confirmed. Recent Insider Transactions Derivative • Oct 12
Key Executive exercised options and sold CA$84k worth of stock On the 10th of October, John Pantazopoulos exercised 50k options at a strike price of around CA$1.38 and sold these shares for an average price of CA$3.05 per share. This trade did not impact their existing holding. Since December 2022, John's direct individual holding has increased from 44.00k shares to 264.00k. Company insiders have collectively bought CA$1.0m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Oct 10
Independent Director recently sold CA$103k worth of stock On the 5th of October, Peeyush Varshney sold around 30k shares on-market at roughly CA$3.43 per share. This transaction amounted to 9.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$827k more than they sold in the last 12 months. Aankondiging • Sep 16
E3 Lithium Ltd. Provides Preliminary Results from the First Test Sequence At the Field Pilot Plant E3 Lithium Ltd. provided a preliminary update on the Direct Lithium Extraction technology results at its field pilot plant. Via its DLE field pilot plant, E3 Lithium is conducting a series of three predefined tests to review various operating conditions to understand anticipated performance in a commercial environment. Once all three tests are complete, E3 Lithium will select the operating conditions that produced the best results to run for a longer period. The success of the longer operating period will confirm the results of the initial testing and will enable the commercial design of this system for both the Pre-Feasibility Study (PFS) and subsequent engineering designs. In addition, the lithium concentrate produced by the longer operating period will be used for the development of the lithium production system for the PFS and subsequent engineering designs. The internal analysis and results of the first of the three tests are outlined below: Initial lithium recovery: > 94%; Purity of concentrate: > 80%; Average lithium grade in concentrate: 884 mg/L. A full suite of results from the predefined testing currently underway will be available at the start of the longer operating period. At that point, E3 will provide the results against the KPIs outlined in June. The results presented should not be considered a full representation of performance of the pilot. Price Target Changed • Aug 24
Price target increased by 9.5% to CA$11.50 Up from CA$10.50, the current price target is an average from 2 analysts. New target price is 239% above last closing price of CA$3.39. Stock is up 26% over the past year. The company is forecast to post a net loss per share of CA$0.13 next year compared to a net loss per share of CA$0.12 last year. Aankondiging • Aug 23
E3 Lithium Limited Advances Lithium Production Testing and Provides Field Pilot Plant Commissioning Update E3 LITHium Ltd. announced it has successfully produced lithium carbonate, the last major step in a conventional process before conversion to battery quality lithium hydroxide monohydrate (LHM). The test work used concentrate generated from brines located in E3 Lithium's Clearwater Project Area, produced during the Direct Lithium Extraction (DLE) testing completed in preparation for the pilot plant. E3 Lithium has engaged a major lithium refining technology and equipment vendor to develop the downstream lithium production processes in preparation for the upcoming Pre-Feasibility Study. The testing was conducted to treat a sample of concentrate, or eluate, produced by DLE technology. The test program has successfully progressed through the coarse purification and concentration phases, and the eluate has been converted into battery-grade LHM. The final steps include further downstream polishing to achieve the desired purity and then conversion of the carbonate into battery-grade L HM. As the pilot plant produces more concentrate, E3 Lithium will be creating more carbonate and LHM for commercial development purposes. Outlined in the picture below is a sample of the lithium carbonate produced during the current test program. The objectives of the test program are to validate the downstream flowsheet, generate data required for engineering design purposes and produce LHM for potential offtake partners. E3 Lithium will provide updates as its test program progresses. Field Pilot Plant Commissioning Update: E3 Lithium reported that commissioning of its DLE field pilot plant is progressing. The Company anticipates beginning operations soon and will update the market when commissioning is complete. Recent Insider Transactions Derivative • Jul 20
Key Executive exercised options to buy CA$524k worth of stock. On the 13th of July, John Pantazopoulos exercised options to buy 200k shares at a strike price of around CA$0.70, costing a total of CA$140k. This transaction amounted to 313% of their direct individual holding at the time of the trade. Since December 2022, John's direct individual holding has increased from 44.00k shares to 64.00k. Company insiders have collectively bought CA$1.1m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Jun 11
Chief Development Officer recently bought CA$113k worth of stock On the 2nd of June, Kevin Carroll bought around 50k shares on-market at roughly CA$2.25 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth CA$780k. Insiders have collectively bought CA$987k more in shares than they have sold in the last 12 months. Aankondiging • May 17
E3 Lithium Ltd. Begins Field Pilot Plant Site E3 Lithium Ltd. provided a progress update on its field pilot plant. Since receiving the approval of its Facility Licence on April 11, 2023, E3 has been advancing preparation activities to ensure the site is ready for pilot operations. On-site work is focused on the installation and operation of the downhole equipment in preparation for brine production for the pilot. E3 will also conduct a pre-pilot reservoir test that will add to understanding of the reservoir fluid characterization for future development work. The site is also being graded and prepared in advance of equipment arriving. The next stage includes installation of the piping and protective structure over the next 4-6 weeks. Manufacturing of the lithium extraction process equipment and E3's sorbent continues offsite and is on track to arrive in early third quarter. The Company anticipates it will require approximately 4 weeks to install and commission the equipment once on site prior to full operations commencing. E3 will share Key Performance Indicators for the lithium extraction processes at the pilot plant prior to commissioning. The Company remains committed to environmental and safety standards and has practices, policies and procedures in place ensure the site operates safely throughout 2023. Recent Insider Transactions • Apr 19
CEO, President & Director recently bought CA$780k worth of stock On the 10th of April, Christopher Doornbos bought around 300k shares on-market at roughly CA$2.60 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Christopher has been a buyer over the last 12 months, purchasing a net total of CA$752k worth in shares. Price Target Changed • Feb 03
Price target increased by 19% to CA$9.35 Up from CA$7.85, the current price target is an average from 2 analysts. New target price is 307% above last closing price of CA$2.30. Stock is down 1.7% over the past year. The company is forecast to post a net loss per share of CA$0.11 next year compared to a net loss per share of CA$0.095 last year. Aankondiging • Jan 20
E3 Lithium Limited Announces Concentration Results from Third Well Demonstrate Consistency E3 LITHIUM LTD. announced the results from its third and final well associated with its inaugural drill program in 2022. The third well outlined the thickness of the Leduc Aquifer to be consistent at 202 metres. Brine sampling was conducted at a single interval, roughly in the middle of the aquifer, which demonstrated a lithium concentration result of 74 mg/L. Drill Program Summary: Demonstrating Consistency Across the Leduc Aquifer. The data collected from these three wells is fundamental for E3 Lithium's understanding of the Leduc Aquifer in the Clearwater Project Area. The properties of the aquifer, the chemistry of the brine and the grade of lithium sampled in all wells demonstrate consistency. This consistency allows E3 to design and build the commercial facility more simply given it doesn't need to be designed to handle a large variation of fluid chemistry. E3 plans to use the data gathered from these wells to complete an upgrade of its resource from Inferred to Measured and Indicated. Third Well Repurposed from Existing Infrastructure: E3's third well, located approximately 10 kilometres northwest of its first and 23 kilometres northwest of its second, was repurposed from an existing oil and gas well, which represented cost savings of more than $1.5 Million and required no new land disturbance which reduced the environmental footprint associated with E3's drill program. The brine sample from E3's third well was analyzed by a third-party certified laboratory, following independently verified sample acquisition procedures that maintained a strict chain of custody, in accordance with The Canadian Institute of Mining, Metallurgy and Petroleum guidelines. Aankondiging • Jan 04
E3 Lithium Limited Outlines Lithium Results from Second Well Demonstrating Up to 82 Mg/L LITHIUM LTD. announced that the sample results from its second well are consistent with the lithium concentrations from its first well and the historic results across the Leduc Reservoir. The second well, located approximately 20 kilometres south of the first well in the Clearwater Project Area in the Bashaw District, was drilled in the summer of 2022. Based on brine samples retrieved from three zones, the P50(1) lithium concentration from E3 Lithium's (E3) second well is 74 mg/L. For the zone intervals and concentration results. The brine samples were analyzed by a third-party certified laboratory, following independently verified sample acquisition procedures that maintained a strict chain of custody, in accordance with The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) guidelines. Price Target Changed • Nov 16
Price target increased to CA$7.85 Up from CA$7.13, the current price target is an average from 2 analysts. New target price is 269% above last closing price of CA$2.13. Stock is down 27% over the past year. The company is forecast to post a net loss per share of CA$0.09 next year compared to a net loss per share of CA$0.095 last year. Aankondiging • Nov 10
E3 Lithium Announces Concentration Results from First Well E3 LITHIUM LTD. announced the sample results from its first well, which demonstrate lithium concentrations within an area of the Leduc Aquifer never previously tested. Based on brine samples retrieved from five zones, the P501 lithium concentration from E3 Lithium's (E3) first well is 76.5 mg/L. This well is the first of three designed to understand the aquifer's production properties and lithium concentrations in an area not previously tested. This well was completed near the centre of the Clearwater Project Area and is a candidate location for E3's first commercial operation. E3 retrieved samples of brine from five separate intervals to provide a vertical perspective of lithium concentrations across the 200 metres of producible aquifer in this area, The lithium concentrations from E3's first well are slightly higher than other parts of the aquifer with historic sampling results ranging from 74 mg/L to 78 mg/L. Most importantly, however, the results demonstrate consistent and continuous lithium concentration across the Leduc Aquifer which is fundamental for commercial operations. The brine samples were analyzed by a third-party certified laboratory, following independently verified sample acquisition procedures that maintained a strict chain of custody, in accordance with The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) guidelines. Sample analysis from E3's second well is currently underway and sampling of E3's third well, which was acquired from a third party, will follow. Results from both wells will be reported once complete. 76.5 mg/L is the P50 result from E3 Lithium's first well. A P50 estimate indicates there is a 50% probability that quantities recovered will equal or exceed the P50 value. Aankondiging • Oct 27
E3 Lithium Completes Production Test on First Well to Positive Results E3 LITHIUM LTD. completed the production test on its first well in the Clearwater Project Area within the Bashaw District. The purpose of the test is to confirm the producibility of the lithium-rich brine from E3 Lithium's (E3) resource located in the Leduc Reservoir. The production test, which included flowing 400m3/d of brine to surface for five days, has provided E3 with important data to support the commercial viability of producing lithium from the Leduc Reservoir. The test also included reinjecting the brine back into the reservoir to confirm injectivity capacity, which is a cornerstone of E3's environmentally sustainable process. The test included re-injecting the produced brine in less than two days at a rate of 1,200m3/d. Aankondiging • Sep 21
E3 Lithium Limited (TSXV:ETL) acquired A Third-party Well in Clearwater Project Area within the Bashaw District. E3 Lithium Limited (TSXV:ETL) acquired A Third-party Well in Clearwater Project Area within the Bashaw District on September 20, 2022.
E3 Lithium Limited (TSXV:ETL) completed the acquisition of A Third-party Well in Clearwater Project Area within the Bashaw District on September 20, 2022. Aankondiging • Sep 01
E3 Lithium Limited Outlines Drilling Update E3 Lithium Limited provided an update on its drill program that began in June 2022. The company began drilling the first-in-Alberta brine production well for the purposes of evaluating lithium on June 24, 2022 and completed drilling operations on July 7, 2022. The company to report it has now finished completion and sampling operations on this well, which included retrieving brine samples from five zones within the approximately 200-metre-thick Leduc Reservoir. The thickness of the reservoir and the pressures found were in line with expectations. The brine samples are being analyzed by a third-party laboratory to verify lithium concentrations and will be reported once complete. The company began drilling its second well on July 23, 2022 and reached its planned depth on August 4, 2022. Brine samples retrieved from this well, located close to 20 kilometres southeast of the first well, will also be analyzed by an independent third party to verify lithium concentrations and once complete, results will be reported. Aankondiging • Jul 28
E3 Lithium Completes First Production of Commercial Scale Sorbent E3 LITHIUM LTD. oversaw the successful manufacture of its first quantity of continuously produced, commercial scale sorbent, critical to the success and commercialization of its ion-exchange DLE technology. E3 Lithium logo (CNW Group/E3 Lithium Ltd.) E3 Lithium (E3) worked with a third-party equipment design and manufacturer using their in-house development equipment to produce an initial 20 kgs of E3's proprietary sorbent in a single continuous run. Prior to producing this commercial quantity, E3's development team produced in-house sorbent in quantities less than a kilogram to support internal test work. The goal of this commercial production was to validate the transition from small scale batch production in the lab to commercial scale continuous production, which has been achieved to successful results. E3 has analyzed the sorbent produced from this continuous scale production equipment against the batch produced in-house and found the new product to have equal, if not better performance with rapid and high lithium recovery rates of more than 97%. This 20 kg test run demonstrated that large scale production is possible using this equipment and positions E3 to achieve its goals of: Having the vendor produce several tonnes of sorbent for use in E3's field pilot project Designing the equipment to be implemented in the commercial processing facility as part of E3's Clearwater Project. Aankondiging • Jul 20
E3 Lithium Limited Finishes Drilling First Well and Begins Completion and Sampling Program E3 LITHIUM LTD. completed drilling its first well on July 7, 2022. Company is now moving to completion and sampling operations on this well, including retrieving brine samples to verify lithium concentrations and production testing to confirm flow rates and deliverability from the Leduc Reservoir. Via its first well, E3 achieved its planned total depth of 2,670 metres, allowing for full data collection including 36.9 metres of core sample. E3 will use the core to quantify reservoir parameters to help validate the geological model and support the upgrade of its resource from Inferred to Measured and Indicated, which is the basis of its Pre-Feasibility Study. Reaching the planned total depth on E3's first well and successfully retrieving core sample from the Leduc Reservoir is a significant achievement. The data that will be collected from this well will greatly assist in validating the accuracy of the mapping and interpretation of the reservoir and increasing confidence in the geological and reservoir modeling. On June 28, 2022, E3 received a license to drill its second brine production well for the purposes of evaluating lithium in the Clearwater Project area, southeast of the Town of Olds, Alberta. E3 expects to begin drilling operations next week and to complete the well by early August, at which point completion and sampling operations can begin. Additional brine samples will be tested via this second well to verify lithium concentrations. All sampling and analysis of lithium concentrations will be conducted by independent third parties in accordance with NI 43-101 guidelines. Aankondiging • Jul 19
E3 Lithium Limited Announces Executive Changes E3 LITHIUM LTD. announced the appointment of three new company officers. Leigh Clarke joined E3 Lithium in early 2022 as its Director, Corporate Strategy & Sustainability and was promoted to VP, Corporate Strategy & Sustainability in June 2022. Mr. Clarke is a seasoned legal professional with more than 30 years of experience in the energy industry, including practicing regulatory and energy law and as a senior vice president stewarding corporate strategy. Peter Ratzlaff joined E3 Lithium in early 2021 as its Director, Resource Development and was promoted to VP, Resource Development in June 2022. Mr. Ratzlaff has more than 25 years of diversified engineering, production and operations experience. Mr. Ratzlaff is a registered Professional Engineer with APEGA and leads E3 Lithium's drilling program and team, which is currently drilling Alberta's first brine production wells for the purpose of evaluating lithium. Chris Ward joined E3 Lithium in early 2021 as its Manager, Process Development and was promoted to VP, Clearwater Project in June 2022. Mr. Ward has more than 25 years of experience in design, operations and project management of mining assets across North and South America, completing several +$1 billion projects. Mr. Ward is a registered Professional Engineer with APEGA and is overseeing E3 Lithium's field pilot plant, Pre-Feasibility Study and progress to commercial operations. Mr. Clarke, Mr. Ratzlaff and Mr. Ward have been appointed as company officers, joining Chris Doornbos and Raymond Chow, CFO. Aankondiging • Jul 12
E3 Lithium Outlines 23.4 Mt LCE Inferred Mineral Resource in Consolidated Bashaw District E3 Lithium announced the increase in its inferred mineral resource to 23.4 million tonnes of lithium carbonate equivalent (LCE) contained within the newly-named Bashaw District (the "Resource"). The Bashaw District combines and expands the Clearwater Resource and Exshaw Resource areas into a consolidated resource that contains an estimated total of 59 billion m3 (59 km3) of brine formation water at an average grade of 74.5 milligram/Litre (mg/L) lithium (Figure 1). The increase in the Resource is a result of the significant work completed by the E3 Lithium geology and subsurface team to improve and increase E3's understanding of the highly saline Leduc Aquifer within the Bashaw District. The work incorporated the thorough reviews and analyses of available core samples, the addition of hundreds of digital wireline logs, 2D seismic data, additional brine sampling results, and an updated interpretation of the Leduc facies, brine and reservoir properties. This work advanced E3's understanding of the reservoir and improved the Company's confidence in the resource volumes. Based on this analysis, the resource area has now been defined as: the combination of the previously published Clearwater and Exshaw Resource Areas; the expansion of resource area to include additional area of the Bashaw reef trend (3,033 km2 of additional aquifer) for a new total of 5,931 km2. Additionally, E3 has removed the production factor included in previous reports. The production factor cut-off methodology applied in previous resource estimates is considered a "modifying factor" and was removed from the updated resource estimate in accordance with NI 43-101. The modifying factors will be addressed as part of future reserves estimation. In estimating the current Resource, a 2% porosity cut-off was utilized, so that areas of the aquifer at or below 2% porosity were not included in the total volume used in the calculation of the Resource. Effective porosity for the intervals above the cut-off were estimated by applying the average net to gross ratio to measurements of total porosity available from petrophysical logs and core. It was also independently estimated through a petrophysical analysis using shale volume with consistent results. Consistent with E3 Lithium's prior resource estimates, the NI 43-101 Technical Report for the Bashaw District is being prepared and will be filed on SEDAR and the Company's website within 45 days. The data being collected from E3's ongoing, and previously announced, drill program will be incorporated into a potential upgrade of a portion of the Bashaw District Resource from "Inferred" to "Measured and Indicated", as defined by the NI 43-1012. This upgrade will largely focus in the Clearwater Project Area, which is the target location of E3 Lithium's initial commercial production facility. Aankondiging • Jun 25
E3 Lithium Begins Drilling First Lithium Evaluation Well in Alberta E3 Lithium announced it has started drilling the first lithium evaluation well in Alberta. The well will be completed in E3's Clearwater Project area, east of the Town of Olds, Alberta. Drilling operations are expected to be completed by mid-July. Following drilling, a service rig will be moved onsite to commence testing of the formation to verify brine chemistry and flow rates. The lithium concentrations and production testing help validate E3's geological model and supports the upgrade of its resource to Indicated and Measured. This work will support commercial development and the basis for the Pre-Feasibility Study (PFS). The Company has engaged Native Ads Inc. to execute a comprehensive digital media marketing campaign for the Company. This programmatic digital advertising campaign will run for up to 12 months where 75% of the costs will be directly allocated to the cost-per-click impression costs of media placements and distribution and 25% will be allocated for content creation, web development, advertising creative development, search engine optimization, and strategic digital advertising consulting. Aankondiging • Jun 24
E3 Metals Corp. announced that it expects to receive CAD 6.350001 million in funding from Imperial Oil Limited E3 Metals Corp. announced a private placement of 3,413,979 pre-paid warrants at a price of CAD 1.86 per warrant for gross proceeds CAD 6,350,000.94 on June 23, 2022. The transaction will include participation from new investor, Imperial Oil Limited. Each warrant provides the holder the option to exercise the warrant for one common share of the company. The warrants are immediately exercisable, non-transferrable, expire in 24 months and are non-refundable. The company will pay a one-time finder's fee equal to 5%, being equal to CAD 317,500 based on the amount of the gross proceeds. The finder has elected to take 25% of the fee in cash CAD 79,375 and 75% of the fee in 128,024 common shares on closing of the issue. The transaction is subject to the approval of the TSX Venture Exchange. Aankondiging • Jun 09
E3 Lithium to Drill First of its Kind Well in Alberta E3 Lithium., Alberta's leading lithium developer and Direct Lithium Extraction (DLE) technology innovator announced it has been granted its licence for the first brine production well in Alberta for the purpose of evaluating lithium. The well will be completed in E3's Clearwater Project area, east of the Town of Olds, Alberta. E3 anticipates the start of drilling to occur before the end of June and anticipates completing the drilling operation by mid-July. The brine production well will provide critical data such as brine chemistry, lithium concentrations and reservoir characteristics of the Clearwater Project area. E3 will use the data collected to support the upgrade of its resource to Indicated and Measured, which will be the basis for a Pre-Feasibility Study (PFS). The purpose of the planned drill program is to provide additional data to the Aquifer Management Plan and assist in defining the commercial production network area. The Company plans on completing and testing a total of three wells. Price Target Changed • Apr 27
Price target increased to CA$6.99 Up from CA$6.43, the current price target is an average from 3 analysts. New target price is 175% above last closing price of CA$2.54. Stock is up 4.1% over the past year. The company is forecast to post a net loss per share of CA$0.07 next year compared to a net loss per share of CA$0.095 last year. Aankondiging • Apr 21
E3 Metals Initiates Design of Field Pilot E3 Metals Corp. announce that the Company has engaged an engineering firm to begin the design work for its field pilot plant ("Field Pilot") which will utilize E3 Metals' proprietary sorbent. The goal of the Field Pilot is to demonstrate a near commercial scale, modular design of the Company's ion-exchange DLE process under real world operating conditions. The Field Pilot will be tied into an existing well that produces brine directly from the Leduc Aquifer in the Company's Clearwater Project. This is the next stage of development, moving forward from the Company's DLE lab-pilot prototype which has delivered successful results of up to 97% lithium recovery across multi-cycle testing. On April 6, 2022, the Company announced it has begun the evaluation of commercial-scale manufacturing of its proprietary sorbent to be utilized in the Field Pilot. The combination of E3 Metals' sorbent technology with a scaled-up ion-exchange system operating in real world conditions is an important step towards de-risking and demonstrating the DLE process and technology at a commercial scale. This major milestone has the potential to unlock the value of a significant world class lithium resource in a secure and friendly jurisdiction. The Company anticipates the design and final cost estimate phase to be completed within the next six months with construction to follow soon after. The design and construction of the Field Pilot likely will utilize conventional and established ion-exchange equipment which can be scaled to commercial capacities. Ion-exchange technology is used throughout the world in different commercial applications such as water treatment and water purification. This type of commercial equipment is available from multiple global vendors. The initial plan for the Field Pilot will be to operate in the Leduc aquifer over a six-month period to collect and analyze data to further validate the technology and operating parameters. This milestone will lead towards the Company's goal of commercializing its proprietary DLE technology and commercial production of lithium hydroxide from its Clearwater Project. Aankondiging • Mar 10
E3 Metals Corp. Increases Confidence in Clearwater Aquifer Continuity Through Seismic Interpretation E3 METALS CORP. announced it has completed a seismic interpretation across the Clearwater Project Area as part of the development of its Aquifer Management Plan ("AMP"). Over 60km of seismic lines were used in the interpretation, which have been licenced from data already acquired from oil and gas development. The ability to license seismic data, rather than acquire new data, is a very cost-effective solution for the Company; and one of the many benefits of operating in Alberta. This seismic interpretation increases confidence and understanding of the Leduc Aquifer as it allows for an understanding of the continuity between drill holes. It has outlined that the Leduc Aquifer is geologically continuous both laterally and vertically. The data demonstrates continuity of the porosity across the aquifer, where high porosity between wells is favorable for optimal water production. The seismic data has improved the accuracy of the calculated aquifer volume. It supports the company's goals to demonstrate aquifer volume and porosity of the geological model and optimize the commercial well network plan, both of which will assist with upgrading to a Measured and Indicated lithium resource. As part of the next phase, the Company plans to licence an additional 120km of seismic data to further delineate the aquifer properties across the Clearwater Lithium Project area.