E3 Lithium Produces Battery Quality Lithium Hydroxide Monohydrate with Purity of 99.78%
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
E3 Lithium Produces Battery Quality Lithium Hydroxide Monohydrate
with Purity of 99.78%
CALGARY, ALBERTA, October 31, 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 it has successfully produced 99.78% pure battery quality Lithium Hydroxide
Monohydrate (LHM).
The conversion process to produce LHM begins with further purification and concentration of the lithium
concentrate produced through Direct Lithium Extraction (DLE), leading to the production of lithium
carbonate, as outlined on August 23, 2023. In earlier test work, the lithium concentrate produced by DLE
was used to test the processes for purification, concentration and conversion to lithium carbonate. The next
step involves converting the lithium carbonate into LHM, followed by crystallization into the final salt form.
The purity of the solid LHM is a critical factor for the sale of the product into the battery industry, with
greater than 99.5% generally accepted to be battery quality.
Lithium Hydroxide Monohydrate Produced from E3 Lithium’s Brines
E3 Lithium is working with major equipment vendors to develop the downstream refining processes needed
for a commercial facility. The lithium concentrate that has been produced from the DLE field pilot plant
operations will be used for continual development and testing of this refining process.
“Ultimately, E3 Lithium aims to be a supplier directly into the battery industry,” said Chris Doornbos,
President and CEO of E3 Lithium. “Demonstrating that we can produce an industry quality specification on
conventional and standard industry equipment is an important and exciting step forward. The engineering
work continues on this piece of the flow sheet to support the completion of our Pre-Feasibility Study on the
Clearwater Project.”
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
Chemical Analysis Summary Table
Element Units Result
LHM wt% 99.78
CO2 wt% ≤0.14
CI ppm < 10
SO4 ppm ≤18
Ca ppm ≤8
Fe ppm < 1
Na ppm 2
Al ppm < 1
Cr ppm < 1
Cu ppm < 1
K ppm < 1
Ni ppm < 1
Si ppm ≤6
Zn ppm < 1
Heavy Metals as Pb ppm < 1
The results summarized in the table above are based upon multiple analysis completed by the vendor using
internal procedures. E3 Lithium is confirming the results using an independent certified third-party
laboratory.
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
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 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 Billi on 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. Gordon MacMillan, P.Geol, QP, Fluid Domains Inc. and Grahame Binks, MAusIMM, QP
(Metallurgy), formerly of Sedgman Canada Limited (Report Date: June 15, 2018, Effective Date: June 4, 2018 Amended
Date: September 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.sedarplus.ca).
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.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 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.