E3 Lithium Announces Partial Over-Allotment Exercise and Listing of Warrants

Executive Summary

• Agents exercised the over‑allotment option, issuing 1,000,000 additional common shares at $1.07 each and 761,250 warrants at $0.26 each, raising gross proceeds of $1,267,925.
• The newly issued warrants (plus previously issued 5,075,000) will begin trading on the TSX Venture Exchange on November 5, 2025 under ticker ETL.WT.
• The offering was led by TD Securities Inc. and Roth Canada Inc.; agents received a cash commission of $756,745.32 for their services.

Key Details

• Additional Shares: 1,000,000 common shares @ $1.07 per share.
• Additional Warrants: 761,250 warrants @ $0.26 per warrant; each warrant exercisable for one common share at C$1.50 until October 14, 2028.
• Gross Proceeds from Over‑Allotment: $1,267,925.
• Total Warrants to Trade: 5,836,250 (5,075,000 previously issued + 761,250 new).
• Trading Commencement: November 5, 2025 on TSX Venture Exchange, symbol ETL.WT; ISIN CA26925V1325, CUSIP 26925V132.
• Warrant Indenture: Governed by warrant indenture dated October 14, 2025 with Odyssey Trust Company (available on SEDAR+).
• Original Offering (Oct 14, 2025): 10,150,000 units for C$12,180,000 gross proceeds.
• Lead Underwriters: TD Securities Inc. (co‑lead agent & sole bookrunner) and Roth Canada Inc. (co‑lead agent); syndicate includes ATB Securities Inc. and Stifel Nicolaus Canada Inc.
• Agent Commission: $756,745.32 cash paid to agents for services on the original offering.

Notable Quotes

• “The successful exercise of the over‑allotment option underscores investor confidence in E3 Lithium’s growth trajectory and provides additional capital to advance our lithium development projects.” – Chris Doornbos, President, CEO & Chair, E3 Lithium Ltd.