E3 Lithium Announces Upsizing of Previously Announced Equity Offering to $12,180,000

Executive Summary

• E3 Lithium Ltd. announced an increase to its “best‑efforts” public offering, now targeting gross proceeds of up to C$12.18 million (potentially C$14.01 million if the over‑allotment option is exercised).
• Units are priced at C$1.20 each and consist of one common share plus half a warrant to purchase an additional share at C$1.50 for 36 months.
• Net proceeds will be used to advance the Clearwater Lithium Project and for general working capital; closing expected around October 14, 2025.

Key Details

• Offering Size: Up to C$12,180,000 gross proceeds (C$14,007,000 if full 15% over‑allotment is exercised).
• Unit Price: C$1.20 per Unit.
• Unit Composition:
• 1 common share of E3 Lithium Ltd.
• ½ of a common‑share purchase warrant (each whole warrant allows purchase of one common share at C$1.50).
• Warrant Terms: Exercise price C$1.50 per share; exercisable for 36 months from issuance.
• Lead Agents: TD Securities Inc. (co‑lead agent and sole bookrunner) and Roth Canada Inc. (co‑lead agent), with syndicate members ATB Securities Inc. and Stifel Nicolaus Canada Inc.
• Over‑Allotment Option: Up to an additional 15% of the offering, in any mix of Units, common shares or warrants; exercisable up to 30 days post‑closing.
• Use of Proceeds: Fund advancement of the Clearwater Lithium Project and general working capital.
• Expected Closing: On or about October 14, 2025, subject to customary conditions including TSX Venture Exchange approval.
• Regulatory Documents: Offering made under a prospectus supplement linked to the Company’s final short‑form base shelf prospectus dated June 21, 2024; documents will be available on SEDAR+ within two business days.
• U.S. Offering Restrictions: Securities not registered in the United States and may not be offered or sold there absent an exemption.

Notable Quotes

• “We are pleased to increase the size of our offering, which provides us with the capital needed to advance the Clearwater Lithium Project and support our growth strategy,” – Chris Doornbos, President, CEO & Chair, E3 Lithium Ltd.