E3 Lithium Files 2024 Year End Financial Results and MD&A
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Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
E3 Lithium Files 2024 Year End Financial Results and MD&A
CALGARY, ALBERTA, April 28, 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 year ended December 31, 2024 and the accompanying Management’s Discussion and Analysis (“MD&A”)
on its SEDAR+ profile at www.sedarplus.ca. The financial statements and MD&A will also be available on E3
Lithium’s website at www.e3lithium.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos, President & CEO
E3 Lithium Ltd.
E3 Lithium - Investor Relations
Alexis de la Renaudiere
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 16.2 million tonnes of lithium carbonate equivalent (LCE)
Measured and Indicated 1 as well as 0.9 million tonnes LCE Inferred mineral resources 2 in Alberta and 2.5
million tonnes LCE Inferred mineral resources 3 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. 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 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 North Rocky Property, effective October 27,
2017, identified 0.9 Mt LCE (inferred) and is available on the E3 Lithium’s website
(www.e3lithium.ca/technical-reports/) and SEDAR+ (www.sedarplus.ca).
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 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 that all n ecessary governmental approvals for the planned activities on the Clearwater
Project 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
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
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
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.