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E3 Lithium Ltd. (TSXV: ETL,OTC:EEMMF) (FSE: OW3) (OTCQX: EEMMF), “E3 Lithium” or the “Firm,” a pacesetter in Canadian lithium, filed its unaudited consolidated monetary statements for the three-month interval ended September 30, 2025, and the accompanying Administration Dialogue and Evaluation (“MD&A”) on SEDAR www.sedarplus.ca . Moreover, E3 Lithium has up to date its company presentation that, together with the monetary statements and MD&A, might be obtainable on E3 Lithium’s web site at www.e3lithium.ca .
Q3 Highlights:
Demonstration Facility Part 1 Efficiently Produces 99.7% Pure Battery-Grade Lithium Carbonate
- In the course of the quarter, E3 Lithium accomplished building of Part 1 of its Demonstration Facility with commissioning starting on September 2, 2025. E3 Lithium achieved a significant milestone with the profitable conversion of lithium chloride produced from the Demonstration Gear to battery-grade lithium carbonate with a median purity of 99.7%, validating the operational performance of the Firm’s Direct Lithium Extraction (“DLE”) system and sprucing and purification gear throughout your complete course of movement.
Sale of Non-Core Saskatchewan Property Strengthens Stability Sheet
- On September 30, 2025, E3 Lithium entered into an Asset Buy and Sale Settlement with an arm’s size personal firm, to promote the Firm’s non-core, Saskatchewan based mostly, Estevan Lithium District belongings for a complete money consideration of US$4.3 million (C$6.0 million at present USD/CAD alternate charges). The transaction is anticipated to shut in late This fall 2025.
Subsequent Occasions
- In October, E3 Lithium closed a totally subscribed and upsized unit providing at a worth of C$1.20 per unit for complete gross proceeds of $13.4 million. Every unit is comprised of 1 frequent share of the Firm and one-half of 1 frequent share buy warrant. In mixture, 11,150,000 frequent shares and 5,836,250 warrants have been issued.
- On October 16, 2025, E3 Lithium signed a non-binding memorandum of understanding (the “MOU”) with Axens, a worldwide supplier of unpolluted power options and applied sciences, together with Direct Lithium Extraction (“DLE”) from brines 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”).
Demonstration Facility Part 2 Web site Building and Drilling Underway
- On October 29, 2025, E3 Lithium commenced drilling of a lithium growth effectively. That is E3 Lithium’s third lithium effectively drilled into the Leduc Formation and can present extra technical information to assist engineering and allowing work for E3 Lithium’s upcoming business facility.
“Embarking on the Demonstration Facility began in 2024 and now having tangible operational outcomes gives vital confidence in our capability to execute on our designs,” mentioned Chris Doornbos, President and CEO. “With the beginning of Part 2 of the Demonstration Facility, and the monetary flexibility added via our current public providing, we’re transferring confidently towards delivering our feasibility examine and advancing the Clearwater Challenge to a ‘shovel prepared’ stage in 2026. We stay dedicated to disciplined execution as we proceed to de-risk the venture and construct long-term worth for our shareholders.”
Q3 2025 Monetary Outcomes
- Web loss for Q3 2025 was $2.4 million, in line with the prior yr’s Q3 lack of $2.6 million.
- Capital investments totaled $2.2 million for Q3 2025 and $5.6 million YTD, primarily to fund Demonstration Facility actions and Feasibility Examine development.
- Working capital at September 30, 2025, totaled $6.8 million (December 31, 2024 – $18.1 million)
- The next October financing additional strengthening liquidity with Working Capital of $18.1 million at October 31, 2025.
- Undrawn authorities grants of $24.8 million obtainable from beforehand introduced complete of $41.9 million in Provincial and Federal authorities grants awarded to E3 Lithium to assist extra demonstration and engineering design investments.
ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos, President, CEO & Chair
E3 Lithium Ltd.
About E3 Lithium
E3 Lithium is a growth firm with a complete of 21.2 million tonnes of lithium carbonate equal (LCE) Measured and Indicated 1 assets in addition to 0.3 Mt LCE Inferred mineral assets 2 in Alberta and a couple of.5 Mt LCE Inferred mineral assets 3 in Saskatchewan. The Clearwater Pre-Feasibility Examine 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 Growth Officer and a Certified Particular person below Nationwide Instrument 43-101, has reviewed and is answerable for the technical info contained on this information launch.
Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
Ahead-Wanting 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 throughout the that means of relevant securities legal guidelines. Ahead-looking statements are ceaselessly recognized by such phrases as “consider”, “might”, “will”, “plan”, “anticipate”, “anticipate”, “estimate”, “intend”, “venture”, “potential”, “doable” and comparable 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 tendencies, and outcomes of the PFS, however such statements aren’t ensures of future efficiency. Particularly, this information launch accommodates forward-looking info referring to: the estimated mineral assets and mineral assets on the Clearwater Challenge; expectations relating to the PFS, together with statements relating to the outcomes of the PFS and interpretations thereof; expectations in regards to the Clearwater Challenge, together with extraction, manufacturing, pretreatment, purification, quantity discount and conversion course of and options and the anticipated outcomes thereof; the anticipated financial efficiency of the Clearwater Challenge, together with capital prices, working prices, water utilization, land use and carbon emissions; statements relating to the Firm’s technique for minimizing environmental affect and liquid waste and maximizing water reuse, with no deliberate tailings or waste piles; the potential for a secondary income stream ought to the Firm have the ability to promote the calcium carbonate generated through the manufacturing of lithium hydroxide; plans and aims of administration for the Firm’s operations and the Clearwater Challenge; and the inherent hazards related to mineral exploration and mining operations. 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 any extra financing wanted might be obtainable on affordable phrases; the alternate charges for the U.S. and Canadian currencies might be in line with the Firm’s expectations; that the present exploration, growth, environmental and different aims in regards to the Clearwater Challenge may be achieved and that its different company actions will proceed as anticipated; that the present exploration, growth, environmental and different aims in regards to the Demonstration Facility may be achieved and that its different company actions will proceed as anticipated; that basic enterprise and financial circumstances won’t change in a materially adversarial method and that every one obligatory governmental approvals for the deliberate actions on the Demonstration Facility might be obtained in a well timed method and on acceptable phrases; the continuity of the worth of lithium.
All forward-looking info (together with future-orientated monetary info) is inherently unsure and topic to quite a lot of assumptions, dangers and uncertainties, together with the speculative nature of mineral exploration and growth, 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 affordable 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 get together 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; forex 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 current securities filings obtainable below the Firm’s profile on SEDAR+ at www.sedarplus.ca . Precise occasions or outcomes might 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.
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E3 Lithium – Investor Relations
Rob Knowles
VP Investor Relations
investor@e3lithium.ca
587-324-2775
E3 Lithium – Media Inquiries
Exterior Relations
communications@e3lithium.ca
587-324-2775
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