Northwire Canada EditionSaturday, November 14, 2026
Northwire
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Gold 3,886.30 +0.0% Silver 49.12 −1.9% Copper 6.09 −1.7% Oil 88.56 −0.2% Palladium 1,007.60 +1.6% PPTA 25.29 −0.6% AIR 0.050 −9.1% PMX 0.055 +0.0% CCMC 0.340 +0.0% PPM 0.095 +0.0% BMR 0.165 +0.0% S 0.175 +0.0% STGO 1.37 −2.8% GRDM 0.180 +0.0% CRI 0.015 +0.0% CN 0.120 +0.0% BTT 0.100 −13.0% AUXX 5.07 −2.9% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.66 −3.1% Gold 3,886.30 +0.0% Silver 49.12 −1.9% Copper 6.09 −1.7% Oil 88.56 −0.2% Palladium 1,007.60 +1.6% PPTA 25.29 −0.6% AIR 0.050 −9.1% PMX 0.055 +0.0% CCMC 0.340 +0.0% PPM 0.095 +0.0% BMR 0.165 +0.0% S 0.175 +0.0% STGO 1.37 −2.8% GRDM 0.180 +0.0% CRI 0.015 +0.0% CN 0.120 +0.0% BTT 0.100 −13.0% AUXX 5.07 −2.9% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.66 −3.1%
Drill Results

E3 Lithium Successfully Completes the Drilling Portion of Its Phase 2 Demonstration Program and Provides a Leadership Update

ETL · Price

Executive Summary

  • Completed drilling of the second‑phase production and injection wells at the Demonstration Facility, confirming ~200 m of Leduc aquifer intersected as planned.
  • The company will move to well completions and production testing in Q1 2026, with lithium and water chemistry data to be released thereafter.
  • Leadership change: Vice President, Investor Relations Rob Knowles departed; Sarfraz Somani appointed Director – Capital Markets effective Dec 8, joining senior management to oversee capital markets and external communications.

Key Details

  • Drilled vertical production well (well #3) and deviated injection well (well #4), the third and fourth wells into the Leduc Formation within the Clearwater Project area.
  • Total depths reached past the Leduc Formation into the Cooking Lake Formation; each well intercepted approximately 200 m of the Leduc aquifer, matching target producing zone expectations.
  • Coring and comprehensive logging completed; data will support upcoming production testing.
  • Production testing (well completions, brine flow, lithium carbonate production) scheduled for Q1 2026.
  • Lithium and water chemistry results to be disclosed once production testing commences; ongoing monitoring of brine and gas chemistry planned during test phase.
  • Leadership Update:
  • Rob Knowles, Vice President – Investor Relations, is no longer with E3 Lithium.
  • Sarfraz Somani appointed Director – Capital Markets (effective Dec 8). Background: 18+ years in corporate development & investor relations; most recent role leading IR/communications at Veren Inc.; CFA charterholder.
  • Sarfraz will manage capital markets and external communications; day‑to‑day investor relations to be handled internally by the CEO and CFO.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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