E3 Lithium’s Collaborations with Two Universities Receive Federal NSERC Funding
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E3 Lithium’s Collaborations with Two Universities
Receive Federal NSERC Funding
Highlights:
• E3 Lithium is collaborating with McMaster University and the University of Alberta on research
projects that have been awarded Alliance Missions Grants for Critical Minerals Research from the
Natural Sciences and Engineering Research Council of Canada (NSERC)
• McMaster University is conducting research aimed at maintaining and enhancing lithium
concentrations in recovered subsurface lithium brine resources, and the University of Alberta is
exploring ways to enhance the performance of fast charging lithium-ion batteries
• E3 Lithium is providing data, resources and advisory services to support the research proposals and
once complete, will identify ways to incorporate the data into its development and
commercialization plans
CALGARY, ALBERTA, April 10, 2024 – E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3
Lithium” or the “Company,” a leader in Canadian lithium, is pleased to announce it is collaborating with
McMaster University and the University of Alberta to support research proposals aimed at enhancing lithium
brine production methodologies and the performance of lithium-ion batteries. Upon the successful
completion of the two projects, E3 Lithium will evaluate opportunities to include the data into its
development and commercialization plans.
McMaster University
McMaster University’s proposal includes developing enhanced brine recovery mechanisms that are aimed at
maintaining and enhancing lithium concentrations from subsurface brine resources during reservoir
production. The outcome includes the potential of improving the economic viability of sustainable lithium
production in the Leduc. E3 Lithium is supplying the brine required for experimental use in this proposal and
will provide aquifer characteristic data essential for designing, validating and benchmarking experimental
and numerical models of subsurface lithium flow and transport. The Company is also lending its technical
expertise to the project to support the integration of the research into long-term field plans and commercial
plant operations.
University of Alberta
The University of Alberta’s proposal involves developing innovative methods for producing high-quality
battery-grade graphite from natural graphite to enhance the performance of fast-charging lithium-ion
batteries. The main focus of the project is to understand graphite's role in lithium-ion batteries and
enhancing its electrochemical properties. E3 Lithium is providing technical support for separating and
collecting lithium during graphite anode recycling and wastewater treatment. The Company is guiding the
selection and implementation of separation techniques to effectively isolate lithium from other components
in the wastewater.
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
“This is an incredible opportunity for E3 Lithium to support Canadian research conducted by reputable post-
secondary institutions, and use the data produced to identify and implement efficiencies in lithium
production and apply new innovations,” said Chris Doornbos, President and CEO of E3 Lithium. “If
successful, these proposals have the potential to enhance Canada's competitive advantage in the global
economy and position itself as a leader in the transition to renewable energy.”
More information about NSERC’s Alliance Mission grants can be found here.
ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos, President & CEO
E3 Lithium Ltd.
E3 Lithium - Investor and Media Relations
Robin Boschman
Director, Investor Relations and Corporate Communications
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. 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
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
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.