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Proceeds present further non-dilutive capital to advance Clearwater Mission improvement
E3 Lithium Ltd. (TSXV: ETL,OTC:EEMMF) (FSE: OW3) (OTCQX: EEMMF), “E3 Lithium” or the “Firm,” a frontrunner in Canadian lithium, has efficiently closed its beforehand introduced sale of non-core Saskatchewan based mostly, Estevan Lithium District property (the “Estevan Property”).
E3 Lithium has obtained money proceeds of US$4.0 million (roughly C$5.6 million), pursuant to the Asset Buy and Sale Settlement (the “Settlement”) introduced on September 30, 2025.
All closing circumstances had been glad or waived, together with third-party consents, regulatory approvals and passable environmental and floor rights due diligence. Last money proceeds are internet of permitted buy worth changes per the Settlement of roughly US$0.3 million.
“This sale gives practically a three-time return on E3 Lithium’s whole price to accumulate, maintain and develop the Estevan Property,” mentioned Chris Doornbos, Chair and CEO of E3 Lithium. “The worth realized by the sale allows E3 Lithium to give attention to advancing our flagship lithium improvement, the Clearwater Mission in Alberta. At the side of the latest closing of our fairness financing, monetizing this non-core asset gives further non-dilutive capital to progress by our Demonstration Program and advance the Clearwater Mission engineering and allowing.”
ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos, President, CEO & Chair
E3 Lithium Ltd.
About E3 Lithium
E3 Lithium is a improvement firm with a complete of 21.2 million tonnes of lithium carbonate equal (LCE) Measured and Indicated 1 in addition to 0.3 Mt LCE Inferred mineral assets 2 in Alberta and a pair of.5 Mt LCE Inferred mineral assets 3 in Saskatchewan. The Clearwater Pre-Feasibility Research outlined a 1.13 Mt LCE confirmed and possible mineral reserve with a pre-tax NPV(8%) of USD 5.2 Billion with a 29.2% IRR and an after-tax NPV(8%) of USD 3.7 Billion with a 24.6% IRR 1 .
Except in any other case indicated, Kevin Carroll, P. Eng., Chief Improvement Officer and a Certified Particular person below Nationwide Instrument 43-101, has reviewed and authorized the technical info contained on this information launch.
Ahead-Wanting and Cautionary Statements
This information launch contains sure forward-looking statements in addition to administration’s targets, methods, beliefs and intentions or forward-looking info throughout the that means of relevant securities legal guidelines. Ahead-looking statements are steadily recognized by such phrases as “imagine”, “could”, “will”, “plan”, “count on”, “anticipate”, “estimate”, “intend”, “undertaking”, “potential”, “topic to” and related phrases referring to future occasions and outcomes. Ahead-looking statements are based mostly on the present opinions, expectations, estimates and assumptions of administration in mild of its expertise and notion of historic tendencies, however such statements are usually not ensures of future efficiency. In making ready the forward-looking info on this information launch, the Firm has utilized a number of materials assumptions, together with, however not restricted to, the change charges for the U.S. and Canadian currencies shall be in step with the Firm’s expectations; that the present exploration, improvement, demonstration, testing, manufacturing, environmental and different targets regarding the Clearwater Mission could be achieved and that its different company actions will proceed as anticipated; that the present worth and demand for lithium shall be sustained or will enhance; that normal enterprise and financial circumstances won’t change in a materially hostile method; and the continuity of the worth of lithium.
All forward-looking info is inherently unsure and topic to quite a lot of assumptions, dangers and uncertainties, together with the speculative nature of mineral exploration, improvement, and manufacturing, fluctuating commodity costs, the effectiveness and feasibility of rising lithium extraction applied sciences which haven’t but been examined or confirmed on a business scale or on the Firm’s brine, dangers associated to the supply of financing on commercially cheap phrases and the anticipated use of proceeds; operations and contractual obligations; adjustments in estimated mineral reserves or mineral assets; future costs of lithium and different metals; availability of third celebration contractors; availability of apparatus; failure of apparatus to function as anticipated; accidents, results of climate and different pure phenomena and different dangers related to the mineral exploration business; the Firm’s lack of working revenues; foreign money fluctuations; dangers associated to dependence on key personnel; estimates utilized in monetary statements proving to be incorrect; aggressive dangers and the supply of financing, as described in additional element in our latest securities filings obtainable below the Firm’s profile on SEDAR+ ( www.sedarplus.ca ) . Precise occasions or outcomes could differ materially from these projected within the forward-looking statements and we warning in opposition to putting undue reliance thereon. We assume no obligation to revise or replace these forward-looking statements besides as required by relevant legislation.
Neither TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this information launch.
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E3 Lithium – Investor Relations
investor@e3lithium.ca
587-324-2775
E3 Lithium – Media Inquiries
communications@e3lithium.ca
587-324-2775
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