E3 Lithium continues lithium carbonate deliveries

Executive Summary

• E3 Lithium has successfully delivered battery-grade lithium carbonate from its demonstration program to global partners and offtake parties, marking a significant step in its commercial engagement strategy.
• The company is currently shipping 0.5-kilogram lots to prospective customers, with several parties requesting larger quantities for additional analysis as part of a structured qualification process.
• The demonstration facility, deployed in Q3 2025, achieved targeted purity specifications within three weeks of commissioning, supporting the ongoing Front-End Engineering and Design (FEED) for the flagship Clearwater project.

Key Details

• Product Delivery: Delivered battery-grade lithium carbonate produced via direct lithium extraction (DLE) from lithium chloride to multiple parties.
• Sampling Strategy: Shipping 0.5-kilogram lots to prospective parties across the lithium battery industry; several customers have requested multiple kilograms for further analysis.
• Facility Performance: The demonstration equipment was fabricated in early 2025 and deployed in Q3 2025. Targeted specifications for battery-grade lithium carbonate were achieved within three weeks of commissioning.
• Quality Assurance: The lithium carbonate has consistently met targeted purity levels across all potential contaminants required for battery applications.
• Project Context: The demonstration program is part of the Clearwater project, located 15 km east of Olds, Alberta.
• Development Status: Activities are focused on collecting data to complete FEED, leading to a feasibility study. The project aims to be "shovel ready" while advancing commercial offtake agreements.
• Production Capacity: Proposed staged development plan includes a first stage of 12,000 tonnes of lithium carbonate per year, with expansion potential to 36,000 tonnes per year.
• Resource Estimates: Total mineral resources of 21.2 million tonnes LCE (measured and indicated) and 300,000 tonnes LCE (inferred).
• Reserve Estimates: Prefeasibility study outlines a 1.13-million-tonne LCE proven and probable mineral reserve.
• Financial Metrics (Prefeasibility):
  • Pretax NPV (8% discount): $5.2 billion USD.
  • Pretax IRR: 29.2%.
  • After-tax NPV (8% discount): $3.7 billion USD.
  • After-tax IRR: 24.6%.

Notable Quotes

• "This milestone marks an important step in E3's commercial process toward securing long-term offtake agreements and advancing our relationships with key players in the battery and critical minerals industry." — Chris Doornbos, President and CEO
• "Our ability to continually produce significant quantities of lithium carbonate from our demonstration facility highlights the size and sophistication of our operations." — Chris Doornbos, President and CEO