E3 Lithium produces lithium carbonate from phase 1 demo

Mr. Chris Doornbos reports E3 LITHIUM PRODUCES BATTERY GRADE LITHIUM CARBONATE FROM ITS PHASE 1 DEMONSTRATION E3 Lithium Ltd. has produced battery-grade lithium carbonate while commissioning phase 1 of its demonstration facility. Additionally, E3 has updated its corporate presentation, which is now available on its website. The successful production of battery-grade lithium carbonate from the phase 1 commissioning confirms E3's demonstration equipment is fully functional and the field site for phase 1 is fully operational along the entire process flow, from direct lithium extraction (DLE) through to the polishing and purification stages. Lithium chloride produced from the demonstration equipment has now been successfully converted to lithium carbonate with an average purity of 99.70 per cent. The phase 1 demonstration success validates both the operability of the equipment and the technology selection supporting E3 Lithium's commercial facility designs. E3 Lithium will continue to operate phase 1 of the demonstration facility into Q4 2025, processing brine through to lithium carbonate, which will be used, in part, for customer prequalification that underpins potential offtake agreements. "One of the key differentiators of E3 Lithium is its fully integrated process, from brine to battery-grade products," said Chris Doornbos, president and chief executive officer of E3 Lithium. "Showcasing E3's ability to produce battery-grade lithium carbonate with a scaled-down version of the commercial facility design is a critical milestone for the Clearwater project. Being able to accomplish this goal at this early stage of operations showcases the hard work and dedication of the team at E3 Lithium supporting the work on site. This milestone enables E3 to progress the engineering towards the commercial facility and moves the company one step closer towards final investment decision." Lithium chloride produced from the demonstration equipment was converted to lithium carbonate. Four separate samples were collected from some of the first lithium carbonate produced and analyzed for purity, averaging 99.70 per cent lithium carbonate. The analysis was conducted in the E3 Lithium lab following the ISO TC 333 testing methodology that is being validated in part by E3 Lithium and the participation in the mirror committee. Samples will be sent for third party analysis and verification. Conversion of the lithium chloride into lithium carbonate will continue during the operation of the demonstration facility. Phase 2 of the demonstration facility includes the drilling of a production and injection well pair that supports reservoir development activities and enables continuous lithium carbonate production from the company's brine feed. Phase 2 operations will continue to deliver important operational and engineering data that will feed the development of the company's feasibility study and support the final investment decision on E3 Lithium's Clearwater project. About E3 Lithium Ltd. E3 Lithium is a development company with total mineral resources of 21.2 million tonnes of lithium carbonate equivalent (LCE) measured and indicated as well as 300,000 tonnes LCE inferred in Alberta and mineral resources of 2.5 million tonnes LCE inferred in Saskatchewan. The Clearwater prefeasibility study outlined a 1.13-million-tonne-LCE proven and probable mineral reserve with a pretax net present value (discounted at 8 per cent) of $5.2-billion (U.S.) with a 29.2-per-cent internal rate of return and an after-tax NPV (discounted at 8 per cent) of $3.7-billion (U.S.) with a 24.6-per-cent IRR. Unless otherwise indicated, Kevin Carroll, PEng, chief development officer and a qualified person under National Instrument 43-101, has reviewed and is responsible for the technical information contained on this news release. We seek Safe Harbor.