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E3 Lithium Ltd. (TSXV: ETL,OTC:EEMMF) (FSE: OW3) (OTCQX: EEMMF) (“E3 Lithium” or the “Firm”), a frontrunner in Canadian lithium improvement, and Axens, a worldwide supplier of fresh vitality options and applied sciences, together with Direct Lithium Extraction (“DLE”) from brines, have signed a non-binding memorandum of understanding (the “MOU”) that contemplates each the sale of lithium carbonate by E3 Lithium to Axens (the “Offtake”) and for Axens to provide E3 Lithium with a lithium selective sorbent (the “Sorbent”).
This strategic collaboration goals to leverage E3 Lithium’s management in lithium from brine improvement and Axens’ superior applied sciences to handle the rising demand for safe provide chains for crucial minerals.
Underneath the phrases of the MOU, every firm will qualify the merchandise with the purpose of a mutually useful collaboration. Upon completion of the qualification, the MOU outlines the proposal to execute two separate agreements, the place the intent is that neither settlement relies on the opposite. Underneath one settlement, E3 Lithium will provide lithium carbonate from its Clearwater Mission in Alberta, Canada to be used by Axens in Europe. Underneath the second settlement, Axens will provide their proprietary lithium selective Sorbent to be used within the E3 Lithium’s DLE processes.
This MOU is an preliminary step in the direction of binding definitive agreements with sure milestones set out for E3 Lithium and for Axens that may inform the Definitive Agreements for every the Offtake and the Sorbent.
The milestones embody:
- E3 Lithium to supply battery-grade lithium at its Demonstration Facility for overview via Axens qualification course of; and,
- E3 Lithium to validate Axens’ Sorbent via customary testing and qualification to be used inside E3 Lithium’s DLE processes.
Each corporations are working in good religion to finish the qualification as rapidly as attainable. Each Axens and E3 Lithium have dedicated to working collectively on funding choices that may be mentioned and outlined via the respective definitive agreements.
“The MOU with Axens represents a mutually useful and symbiotic settlement that considerably de-risks the Clearwater Mission,” mentioned Chris Doornbos, E3 Lithium President and CEO. “Axens has the confirmed capabilities to supply sorbent on a business scale and de-risks E3 Lithium’s provide chain for the crucial reagent. E3 Lithium’s skill to supply battery-grade lithium carbonate on web site with out secondary processing allows a direct sale into the European market, a key differentiator for the Firm. We’re very excited to be collaborating with the group at Axens as we work via the mutual qualification aims.”
“This settlement with E3 Lithium significantly helps Axens’ efforts to develop a high-performance sorbent for Direct Lithium Extraction,” provides Quentin Debuisschert, CEO of Axens. “Extra typically, it reveals the curiosity of business gamers in Axens’ applied sciences and merchandise within the discipline of low carbon mobility. Axens is worked up to proceed shifting ahead with E3 Lithium to advance our respective tasks on battery supplies developments within the widespread curiosity of each corporations.”
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 sources 2 in Alberta and a pair of.5 Mt LCE Inferred mineral sources 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 .
1: The Clearwater Mission NI 43-101 Pre-Feasibility Research, efficient June 20, 2024, is accessible on the E3 Lithium’s web site ( www.e3lithium.ca/technical-reports/ ) and SEDAR+ ( www.sedarplus.ca ).
2: The mineral useful resource NI 43-101 Technical Report for the Garrington District Lithium Useful resource Estimate, efficient June 25, 2025, recognized 5.0 Mt LCE (measured and indicated) and 0.3 Mt LCE (inferred) and will probably be accessible on the E3 Lithium’s web site ( www.e3lithium.ca/technical-reports/ ) and SEDAR+ ( www.sedarplus.ca ).
3: The mineral useful resource NI 43-101 Technical Report for the Estevan Lithium District, efficient Might 23, 2024, recognized 2.5 Mt LCE (inferred) and is accessible on the E3 Lithium’s web site ( www.e3lithium.ca/technical-reports/ ) and SEDAR+ ( www.sedarplus.ca ).
Until in any other case indicated, Kevin Carroll, P. Eng., Chief Growth Officer and a Certified Particular person below Nationwide Instrument 43-101, has reviewed and is accountable for the technical info contained on this information launch.
About Axens
The Axens Group ( www.axens.internet ) gives a whole vary of options for the conversion of oil and biomass into cleaner fuels, the manufacturing and purification of main petrochemical intermediates, the chemical recycling of plastics, pure fuel remedy and conversion choices, water remedy and carbon seize. Their supply contains applied sciences, gear, furnaces, modular models, catalysts, adsorbents and associated providers. Axens is ideally positioned to cowl the complete worth chain, from feasibility research to start-up and monitoring of models all through their lifecycle. This distinctive place ensures optimum efficiency and a decreased environmental footprint. Axens’ worldwide providing is predicated on extremely certified human sources, trendy manufacturing amenities and an in depth world community for industrial, technical assist and gross sales providers. Axens is an IFP Energies Nouvelles Group firm.
Ahead-Trying and Cautionary Statements
This information launch contains sure forward-looking statements in addition to administration’s aims, methods, beliefs and intentions or forward-looking info inside the that means of relevant securities legal guidelines. Ahead-looking statements are ceaselessly recognized by such phrases as “imagine”, “might”, “will”, “plan”, “anticipate”, “anticipate”, “estimate”, “intend”, “venture”, “potential”, “attainable” 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, notion of historic traits, and outcomes of the PFS, however such statements will not be ensures of future efficiency. Specifically, this information launch accommodates forward-looking info regarding: the MOU, the meant phrases of the Definitive Agreements and the anticipated advantages of the issues contemplated therein; the Firm’s expectations relating to its skill to supply lithium carbonate on web site with out secondary processing; and plans and aims of administration for the Firm’s operations of the Demonstration Facility. In getting ready the forward-looking info on this information launch, the Firm has utilized a number of materials assumptions, together with, however not restricted to: that battery-grade lithium produced at its Demonstration Facility will meet Axens’ qualification necessities and can allow a direct sale into the European market; that the Sorbent will meet qualification requirements to be used inside E3 Lithium’s DLE processes and can considerably de-risk E3 Lithium’s provide chain; that the milestones set out within the MOU are able to being achieved and can inform the Definitive Agreements for each the Offtake and the Sorbent; that the phrases of the Definitive Agreements will probably be negotiated in good religion and conclude on mutually acceptable phrases; that any further financing wanted will probably be accessible on affordable phrases; the alternate charges for the U.S. and Canadian currencies will probably be in keeping with the Firm’s expectations; that the present exploration, improvement, environmental and different aims regarding the Demonstration Facility may be achieved and that its different company actions will proceed as anticipated; that common enterprise and financial circumstances is not going to change in a materially adversarial method and that each one needed governmental approvals for the deliberate actions on the Demonstration Facility will probably be obtained in a well timed method and on acceptable phrases.
All forward-looking info (together with future-orientated monetary info) is inherently unsure and topic to a wide range of assumptions, dangers and uncertainties, together with the speculative nature of mineral exploration and improvement, 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 provision of financing on commercially affordable phrases and the anticipated use of proceeds; the chance that a number of of the milestones below the MOU might not be met and/or that the Definitive Agreements might not finally be entered into; the chance the advantages and outcomes of the MOU and/or both or each of the Definitive Agreements might differ materially from administration’s expectations; operations and contractual obligations; modifications in estimated mineral reserves or mineral sources; future costs of lithium and different metals; availability of third occasion contractors; availability of kit; failure of kit 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 provision of financing, as described in additional element in our current securities filings accessible below the Firm’s profile on SEDAR+ ( www.sedarplus.ca ) . Precise occasions or outcomes might differ materially from these projected within the forward-looking statements and we warning in opposition to inserting undue reliance thereon. We assume no obligation to revise or replace these forward-looking statements besides as required by relevant legislation.
Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch.
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E3 Lithium – Investor Relations
Rob Knowles
investor@e3lithium.ca
587-324-2775
E3 Lithium – Media Inquiries
Exterior Relations
communications@e3lithium.ca
587-324-2775
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