E3 Lithium Provides Overview of Saskatchewan Lithium Assets
E3 Lithium Provides Overview of Saskatchewan Lithium Assets
CALGARY, ALBERTA, September 12, 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 provides an overview of its ownership of strategic assets in Saskatchewan, Canada.
Saskatchewan Assets Overview
E3 Lithium owns mineral permits to approximately 258 sections, or 66,800 hectares, in southeast
Saskatchewan, which secure the exploration and development rights to the subsurface lithium in brine
resource located in the Duperow Formation. E3 Lithium’s contiguous land position, outlined in the map
below, is approximately 15 kilometres north of the U.S. border.
E3 Lithium’s lands sit strategically in the center of the Estevan area, surrounded by land held by other
leading Saskatchewan lithium explorers. The lithium exploration near E3 Lithium’s land holding has seen
recent positive advancements, including resource updates, lithium sampling and reservoir testing. The
lithium concentrations in the Duperow are reported to be as high as 191 mg/L. Recent business activity in
the area demonstrated project valuations between $40 million to $70 million.
Map of E3 Lithium’s Permits in Southeast Saskatchewan
While E3 Lithium continues to prioritize the development of its Clearwater Project in Alberta, the strategic
land position in Saskatchewan demonstrates the Company’s interest in leveraging its expertise to generate
value for shareholders. E3 Lithium has held this land since 2021 and has been following the developments
in the area. Given the recent strong interest in the area, the Company will evaluate the best path forward
with the intent to unlock and maximize value from this strategic asset.
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
“Securing mineral permits in Saskatchewan has enabled E3 Lithium to hold a central land position in a new
and developing lithium region,” said Chris Doornbos, President and CEO of E3 Lithium. “Our focus will
remain on our world-class core assets in Alberta as we actively pursue value for our Saskatchewan asset.”
E3 Lithium Engages Meadowbank Strategic Partners to provide investor relations services
Subject to regulatory approval, effective September 15, 2023, E3 Lithium has engaged Meadowbank
Strategic Partners Inc. (Meadowbank) to provide investor relations support services in accordance with TSX
Venture Exchange TSXV policies. Meadowbank will assist with expanding investor awareness of E3
Lithium’s business and actively communicating with the investment community.
Under the agreement, Meadowbank will receive compensation of CAD$5,000 per month. The agreement is
for an initial term of six months. The agreement may be terminated by either party with 30 days' notice.
There are no performance factors contained in the agreement and Meadowbank will not receive shares or
options as compensation. Meadowbank and E3 Lithium are unrelated and unaffiliated entities and at the
time of the agreement, neither Meadowbank nor its principals have an interest, directly or indirectly, in the
securities of the Company.
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
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
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.