E3 Lithium Enters Into Agreement to Sell Non-Core Saskatchewan Assets

Executive Summary

• E3 Lithium entered into an Asset Purchase and Sale Agreement to sell its non‑core Estevan Lithium District assets for US $4.296 million (≈C$6.0 million).
• Proceeds will be used to strengthen the balance sheet and fund continued development of the Clearwater Project in Alberta.
• The transaction is expected to close in late Q4 2025, subject to customary closing conditions.

Key Details

• Transaction: Sale of Estevan Lithium District assets (non‑core, Saskatchewan).
• Buyer: Arm’s‑length private company (identified as “Purchaser”).
• Consideration: US $4.296 million cash (≈C$6.0 million at current USD/CAD rates).
• Closing Timeline: Anticipated late Q4 2025, subject to third‑party consents, regulatory, surface impediment and environmental due diligence.
• Use of Proceeds:
• Enhance corporate liquidity and overall financial position.
• Support ongoing advancement of the Clearwater Project toward a final investment decision (FID).
• Strategic Rationale: Monetizing non‑core assets to unlock value and focus capital on the company’s primary integrated lithium production facility (Clearwater).
• Management Comment: Chris Doornbos, President & CEO, emphasized that the asset sale “bolsters our financial position and supports our Clearwater Project’s active development.”

Notable Quotes

“E3 Lithium remains focused on developing Canada’s first fully integrated lithium production facility – our Clearwater Project. By monetizing these non‑core lithium assets in Saskatchewan, we are unlocking value that bolsters our financial position and supports our Clearwater Project’s active development that will help us reach a final investment decision.” – Chris Doornbos, President & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the release.