E3 Lithium Advances Lithium Production Testing and Provides Field Pilot Plant Commissioning Update
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
E3 Lithium Advances Lithium Production Testing and
Provides Field Pilot Plant Commissioning Update
CALGARY, ALBERTA, August 23, 2023 – E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3
Lithium” or “the Company,” Alberta’s leading lithium developer and extraction technology innovator, today
announced it has successfully produced lithium carbonate, the last major step in a conventional process
before conversion to battery quality lithium hydroxide monohydrate (LHM).
The test work used concentrate generated from brines located in E3 Lithium’s Clearwater Project Area,
produced during the Direct Lithium Extraction (DLE) testing completed in preparation for the pilot plant.
E3 Lithium has engaged a major lithium refining technology and equipment vendor to develop the
downstream lithium production processes in preparation for the upcoming Pre-Feasibility Study. The testing
was conducted to treat a sample of concentrate, or eluate, produced by DLE technology. The test program
has successfully progressed through the coarse purification and concentration phases, and the eluate has
been converted into lithium carbonate. The final steps include further downstream polishing to achieve the
desired purity and then conversion of the carbonate into battery-grade LHM.
As the pilot plant produces more concentrate, E3 Lithium will be creating more carbonate and LHM for
commercial development purposes. Outlined in the picture below is a sample of the lithium carbonate
produced during the current test program.
Lithium Carbonate Produced from E3 Lithium’s Brines
“Producing high quality carbonate from our Leduc brines with a major equipment vendor is an incredibly
exciting milestone for the Company,“ said Chris Doornbos, President and CEO of E3 Lithium. “While
downstream lithium refining processes are already commercially operating, demonstrating the success of
these processes on E3 Lithium’s brine provides more certainty for our commercial processes.”
The objectives of the test program are to validate the downstream flowsheet, generate data required for
engineering design purposes and produce LHM for potential offtake partners. E3 Lithium will provide
updates as its test program progresses.
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
Field Pilot Plant Commissioning Update
E3 Lithium is pleased to report that commissioning of its DLE field pilot plant is progressing. The Company
anticipates beginning operations soon and will update the market when commissioning is complete.
ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos, President & CEO
E3 Lithium Ltd.
E3 Lithium - Investor and Media Relations
Greg Foofat
Manager, Investor Relations
587-324-2775
About E3 Lithium
E3 Lithium is a development company with a total of 16.0 million tonnes of lithium carbonate equivalent
(LCE) Measured and Indicated and 0.9 million tonnes LCE Inferred mineral resources1 in Alberta. As
outlined in E3’s Preliminary Economic Assessment, the Clearwater Lithium Project has an NPV8% of USD
1.1 Billion with a 32% IRR pre-tax and USD 820 Million with a 27% IRR after-tax1. E3 Lithium’s goal is to
produce high purity, battery grade lithium products to power the growing electrical revolution. With a
significant lithium resource and innovative technology solutions, E3 Lithium has the potential to deliver
lithium to market from one of the best jurisdictions in the world.
1: The Preliminary Economic Assessment (PEA) for the Clearwater Lithium Project NI 43 -101 technical report is
amended Sept 17, 2021. The mineral resource NI 43-101 Technical Report for the North Rocky Property, effective
October 27, 2017, identified 0.9Mt LCE (inferred). The mineral resource NI 43-101 Technical Report for the Bashaw
District Project, effective March 21, 2023, identified 16.0Mt LCE (measured & indicated). All reports are available on
the E3 Lithium’s website (e3lithium.ca/technical-reports) and SEDAR (www.sedar.com).
Forward-Looking and Cautionary Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs
and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”,
“anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements
are based on the current opinions and expectations of management. All forward-looking information is inherently
uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral
exploration and development, fluctuating 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,
competitive risks and the availability of financing, as described in more detail in our recent securities filings available
at www.sedar.com. Actual events or results may differ materially from those projecte d in the forward-looking
statements and we caution against placing undue reliance thereon. We assume no obligation to revi se or update these
forward-looking statements except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.