E3 Lithium Closes Sale of Non-Core Saskatchewan Assets Proceeds provide additional non-dilutive capital to advance Clearwater Project development
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E3 Lithium Closes Sale of Non-Core Saskatchewan Assets
Proceeds provide additional non-dilutive capital to advance Clearwater Project
development
CALGARY, ALBERTA, December 11, 2025 – E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX:
EEMMF), “E3 Lithium” or the “ Company,” a leader in Canadian lithium , has successfully closed its
previously announced sale of non -core Saskatchewan based, Estevan Lithium District assets (the
“Estevan Assets”).
E3 Lithium has received cash proceeds of US$4.0 million (approximately C$5.6 million), pursuant to
the Asset Purchase and Sale Agreement (the “Agreement”) announced on September 30, 2025.
All closing conditions were satisfied or waived, including third-party consents, regulatory approvals
and satisfactory environmental and surface rights due diligence. Final cash proceeds are net of
permitted purchase price adjustments per the Agreement of approximately US$0.3 million.
“This sale provides nearly a three-time return on E3 Lithium’s total cost to acquire, hold and develop
the Estevan Assets,” said Chris Doornbos, Chair and CEO of E3 Lithium. “The value realized through
the sale enables E3 Lithium to focus on advancing our flagship lithium development, the Clearwater
Project in Alberta. In conjunction with the recent closing of our equity financing, monetizing this non-
core asset provides additional non-dilutive capital to progress through our Demonstration Program
and advance the Clearwater Project engineering and permitting.”
ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos, President, CEO & Chair
E3 Lithium Ltd.
E3 Lithium - Investor Relations
587-324-2775
E3 Lithium - Media Inquiries
587-324-2775
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
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 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% 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.
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 approved 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”, “subject to” 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
and perception of historical trends, but such statements are not guarantees of future performance.
In preparing the forward-looking information in this news release, the Company has applied several
material assumptions, including, but not limited to, the exchange rates for the U.S. and Canadian
currencies will be consistent with the Company’s expectations; that the current exploration,
development, demonstration, testing, production, environmental and other objectives concerning the
Clearwater Project can be achieved and that its other corporate activities will proceed as expected;
that the current price and demand for lithium will be sustained or will improve; that general business
and economic conditions will not change in a materially adverse manner; and the continuity of the
price of lithium.
All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks
and uncertainties, including the speculative nature of mineral exploration , development, and
production, 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
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
Company’s brine, risks related to the availability of financing on commercially reasonable terms and
the 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+ (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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
news release.