E3 Lithium Delivers Battery-Grade Lithium Carbonate From Its Demonstration Program to Global Partners and Off-Takers

Core Insights - E3 Lithium Ltd. is advancing its commercial process by producing battery-grade lithium carbonate from its Demonstration program, aiming to secure long-term offtake agreements with key players in the battery and critical minerals industry [2][5]. Production and Operations - The company has successfully produced significant quantities of lithium carbonate from its Direct Lithium Extraction process, with shipments of 0.5 kilogram lots to prospective customers in the lithium battery sector [2][3]. - The Demonstration equipment was designed based on a Pre-Feasibility Study published in 2024, and the facility achieved targeted specifications for battery-grade lithium carbonate within three weeks of commissioning [3][4]. Project Development - The Clearwater Project, located 15 km east of Olds, Alberta, is an advanced-stage lithium carbonate production facility with a proposed initial production capacity of 12,000 tonnes per year, expandable to 36,000 tonnes per year [4][7]. - The Demonstration program is part of a structured qualification process to collect data for the Front End Engineering and Design (FEED) leading to a Feasibility Study [4][5]. Financial Metrics - E3 Lithium has a total of 21.2 million tonnes of lithium carbonate equivalent (LCE) in Measured and Indicated resources, with a Pre-Feasibility Study indicating a proven and probable mineral reserve of 1.13 million tonnes LCE, resulting in a pre-tax NPV(8%) of USD 5.2 billion and an after-tax NPV(8%) of USD 3.7 billion [7][8].