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

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.)