E3 Lithium Announces Field Pilot Plant on Track for August Start as Construction Continues
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
E3 Lithium Announces Field Pilot Plant on Track
for August Start as Construction Continues
CALGARY, ALBERTA, July 13, 2023 – E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3
Lithium” or the “Company,” Alberta’s leading lithium developer and extraction technology innovator, is
pleased to announce that construction of its Direct Lithium Extraction (DLE) field pilot plant is progressing
according to schedule.
E3 Lithium began receiving equipment, including tanks for brine containment, pipe racks and supporting
structural equipment, to site in June and construction has been taking place concurrently. DLE equipment,
contained in skids, is set to arrive in late July and early August, at which point all pilot equipment will be
piped and wired together. Construction is on track and E3 Lithium estimates commissioning will start and
finish in August.
“The E3 Lithium team, in coordination with our local partners, has been steadily advancing the field pilot
plant and ensuring it remains on schedule, a testament to the quality of the planning work that began more
than a year ago,” said Chris Doornbos, President and CEO, E3 Lithium. “The success of the pilot de-risks our
ability to commercialize our resource, one of the world’s largest, and accelerates us on our path to providing
made-in-Alberta battery-grade lithium.”
Next Steps
Once all equipment has arrived at site, including DLE skids, commissioning will begin. Commissioning is
scheduled to be complete in August, at which point operations will begin and continue into the fall.
E3 Lithium’s Field Pilot Plant Site as of July 12, 2023
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
More Information
Please visit www.e3lithium.ca/ to stay up to date on E3 Lithium’s pilot and for the latest photos, videos and
schedule.
Please see E3 Lithium’s pilot Key Performance Indicators and watch the June 14 Pilot Plant Update webinar
with Chris Doornbos for background information.
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.
ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos, President & CEO
E3 Lithium Ltd.
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”, “pl an”, “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 projected in the forward -looking
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
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.
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.