E3 Lithium issues additional financing units

Executive Summary

• E3 Lithium exercised a portion of its overallotment option, issuing 1,000,000 additional common shares at $1.07 and 761,250 warrants at $0.26, raising $1,267,925 in gross proceeds.
• The newly issued warrants (plus the 5,075,000 previously issued) will begin trading on the TSX Venture Exchange on Nov 5 2025 under the symbol ETL.WT.
• The offering was led by TD Securities Inc. (co‑lead agent & sole bookrunner) and Roth Canada Inc., with a cash commission of $756,745.32 paid to the agents.

Key Details

• Overallotment Exercise:
• 1,000,000 common shares issued at $1.07 per share.
• 761,250 warrants issued at $0.26 per warrant.

• Aggregate gross proceeds: $1,267,925.

• Warrant Terms:

• Each warrant allows purchase of one common share at $1.50 per share.

• Exercise period runs until Oct 14 2028.

• Listing Information:

• Total warrants to trade: 5,836,250 (761,250 new + 5,075,000 previously issued).
• Trading commencement: Nov 5 2025 on the TSX Venture Exchange.

• Symbol: ETL.WT; ISIN: CA26925V1325; CUSIP: 26925V13‑2.

• Warrant Indenture:

• Governed by warrant indenture dated Oct 14 2025 between E3 Lithium and Odyssey Trust Company (warrant agent).

• Underwriting Syndicate & Compensation:

• Lead agents: TD Securities Inc. (co‑lead, sole bookrunner) and Roth Canada Inc. (co‑lead).
• Additional syndicate members: ATB Securities Inc., Stifel Nicolaus Canada Inc.

• Cash commission paid to agents: $756,745.32.

• Company Background (retained for context):

• Measured & indicated resources: 21.2 M tonnes LCE in Alberta; inferred resources: 300,000 t LCE (Alberta) and 2.5 M t LCE (Saskatchewan).
• Clearwater prefeasibility study indicates a 1.13‑M t LCE proven & probable reserve with pretax NPV (8%) of US$5.2 B and after‑tax NPV of US$3.7 B.

Notable Quotes

No direct quotes were provided in the release.