E3 Lithium Files Second Quarter 2025 Financial Statements and MD&A and Announces Appointment of Lead Director
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
E3 Lithium Files Second Quarter 2025 Financial Statements and MD&A
and Announces Appointment of Lead Director
CALGARY, ALBERTA, August 27, 2025 – E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3
Lithium” or the “Company,” a leader in Canadian lithium, today filed its Consolidated Financial Statements for
the three-month period ended June 30, 2025, and the accompanying Management’s Discussion and Analysis
(“MD&A”) on SEDAR www.sedarplus.ca. E3 Lithium has updated its corporate presentation, and along with
the financial statements, MD&A, it will be available on E3 Lithium’s website at www.e3lithium.ca.
Demonstration Facility Makes Significant Progress During the Quarter, Q3 Commissioning on Target
• On April 16, 2025 , E3 Lithium reported that the critical components of the lithium extraction equipment,
comprising the 30 -column Direct Lithium Extraction (“DLE”) system (the “30 -column system”) and
associated purification and concentration equipment for Phase 1 and Phase 2 of the Demonstration
Facility, were approximately 50% assembled.
• On June 2, 2025 , E3 Lithium reported that the aforementioned equipment was fully fabricated and
undergoing final inspections, with the skids on schedule to arrive and be assembled on -site in the
Clearwater Project area over a period of six to eight weeks. Subject to regulatory approval, the equipment
is expected to undergo assembly and operational and safety inspections, followed by final leak tests with
commissioning targeted to commence in Q3 2025.
• Subsequent to quarter end, E3 Lithium announced on August 12, 2025, that all major equipment for Phase
1 arrived on site and the DLE system and associated polishing and purification units were fully assembled
with supporting infrastructure being incorporated prior to the final mechanical, electrical checks and final
inspection and operational review.
Results from Phase 1 of the Lithium Metal Battery Joint Development Agreement
• On May 22, 2025, E3 Lithium announced the initial results from the battery cells manufactured under the
Joint Development Agreement with Pure Lithium Corporation (“Pure Lithium”), using E3 Lithium’s brine
and DLE technology with Pure Lithium’s extraction and battery technology . Multiple lithium chloride
concentrate variations developed within E3’s commercial production process within were used to
manufacture lithium metal battery-ready anodes at Pure Lithium’s facility in Boston. These anodes were
then assembled by Pure Lithium into batteries, and their electrochemical performance was evaluated in
full cells with notable results, including the various E3 Lithium brine streams achieving a very high purity
level of > 99.9% pure lithium metal as tested by ICP -OES analysis. The two companies continue to
collaborate on the development and planning of an integrated process that can deliver the highest purity
lithium metal anodes at the lowest possible cost.
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
Lead Director Elected
At the quarterly board of directors meeting, the Directors appointed Alexandra Cattelan as Lead Director. Ms.
Cattelan’s appointment as Lead Director follows leading governance standards and supports E3 Lithium’s
ongoing commitment to overall corporate governance. Ms. Cattelan has extensive experience in leading
electric propulsion and advanced mobility programs and lithium battery development from her past roles with
General Motors, Stellantis, and Johnson Controls. In the role as Lead Director, Ms. Cattelan will work directly
with the Chair and CEO of E3 Lithium and preside over executive sessions of the independent directors.
ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos, President, CEO & Chair
E3 Lithium Ltd.
E3 Lithium - Investor Relations
Rob Knowles
VP Investor Relations
587-324-2775
E3 Lithium - Media Inquiries
Kati Dolyniuk
External Relations
587-324-2775
About E3 Lithium
E3 Lithium is a development company with a total of 21.2 million tonnes of lithium carbonate
equivalent (LCE) Measured and Indicated 1 as well as 0.3 Mt LCE Inferred mineral resources 2 in
Alberta and 2.5 Mt LCE Inferred mineral resources3 in Saskatchewan. The Clearwater Pre-Feasibility
Study outlined a 1.13 Mt LCE proven and probable mineral reserve with a pre-tax NPV8% of USD 5.2
Billion with a 29.2% IRR and an after-tax NPV8% of USD 3.7 Billion with a 24.6% IRR1.
1: The Clearwater Project NI 43-101 Pre-Feasibility Study, effective June 20, 2024, is available on the E3 Lithium’s
website (www.e3lithium.ca/technical-reports/) and SEDAR+ (www.sedarplus.ca).
2: The mineral resource NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate, effective June
25, 2025, identified 5.0 Mt LCE (measured and indicated) and 0.3 Mt LCE (inferred) and will be available on the E3
Lithium’s website (www.e3lithium.ca/technical-reports/) and SEDAR+ (www.sedarplus.ca) within 45 days of this news
release.
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
3: The mineral resource NI 43-101 Technical Report for the Estevan Lithium District, effective May 23, 2024, identified 2.5
Mt LCE (inferred) and is available on the E3 Lithium’s website (www.e3lithium.ca/technical-reports/) and SEDAR+
(www.sedarplus.ca).
Unless otherwise indicated, Kevin Carroll, P. Eng., 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.
Forward-Looking and Cautionary Statements
This news release includes certain forward -looking statements as well as management’s objectives,
strategies, beliefs and intentions or forward-looking information within the meaning of applicable securities
laws. Forward-looking statements are frequently identified by such words as “believe”, “may”, “will”, “plan”,
“expect”, “anticipate”, “estimate”, “intend”, “project”, “potential”, “possible” and similar words referring to
future events and results. Forward -looking statements are based on the current opinions, expectations,
estimates and assumptions of management in light of its experience, perception of historical trends, and
results of the PFS, but such statements are not guarantees of future performance. In particular, this news
release contains forwar d-looking information relating to: the estimated mineral resources and mineral
resources at the Clearwater Project; expectations regarding the PFS, including statements regarding the
results of the PFS and interpretations thereof; expectations concerning t he Clearwater Project, including
extraction, production, pretreatment, purification, volume reduction and conversion process and features and
the expected outcomes thereof; the expected economic performance of the Clearwater Project, including
capital cost s, operating costs, water usage, land use and carbon emissions; statements regarding the
Company’s strategy for minimizing environmental impact and liquid waste and maximizing water reuse, with
no planned tailings or waste piles; the potential for a secondary revenue stream should the Company be able
to sell the calcium carbonate generated during the production of lithium hydroxide; plans and objectives of
management for the Company’s operations and the Clearwater Project; and the inherent hazards associated
with mineral exploration and mining operations. In preparing the forward -looking information in this news
release, the Company has applied several material assumptions, including, but not limited to, that any
additional financing needed will be available on reasonable terms; the exchange rates for the U.S. and
Canadian currencies will be consistent with the Company’s expectations; that the current exploration,
development, environmental and other objectives concerning the Clearwater Project can be achieved and that
its other corporate activities will proceed as expected; that the current exploration, development,
environmental and other objectives concerning the Demonstration Facility can be achieved and that its other
corporate activities will proceed as expected; that general business and economic conditions will not change
in a materially adverse manner and that all necessary governmental approvals for the planned activities on
the Demonstration Facility will be obtained in a timely manner and on acceptable terms; the continuity of the
price of lithium.
All forward-looking information (including future-orientated financial information) is inherently uncertain and
subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral
exploration and development, fluctuati ng commodity prices, the effectiveness and feasibility of emerging
lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the
Company’s brine, risks related to the availability of financing on commercially reas onable terms and the
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
expected use of proceeds; operations and contractual obligations; changes in estimated mineral reserves or
mineral resources; future prices of lithium and other metals; availability of third party contractors; availability
of equipment; failure of equipment to operate as anticipated; accidents, effects of weather and other natural
phenomena and other risks associated with the mineral exploration industry; the Company’s lack of operating
revenues; currency fluctuations; risks related to dependence on key personnel; estimates used in financial
statements proving to be incorrect; competitive risks and the availability of financing, as described in more
detail in our recent securities filings available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
Actual events or results may differ materially from those projected in the forward-looking statements and we
caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-
looking statements except as required by applicable law.