Following Successful 2025, E3 Lithium Provides Operational Update and 2026 Outlook

Core Insights - E3 Lithium has successfully executed key milestones in 2025, including the construction and operation of a Demonstration Facility that produced battery-grade lithium carbonate, and is now focused on advancing its Clearwater Project in 2026 [1][2] 2025 Highlights - Strengthened leadership team and raised approximately $20 million to support project advancement [1] - Submitted Environmental Protection and Enhancement Act (EPEA) application for Clearwater Project Facility [1] - Executed commercial agreements for potential sale of lithium carbonate and supply of sorbents [1] - Produced battery-grade lithium carbonate from the Demonstration Facility [1] - Completed and commissioned Phase 1 of the Demonstration Facility [1] 2026 Key Objectives - Continue permitting and stakeholder engagement, with Directive 056 facility licence submitted in early 2026 [1] - Advance Front-End Engineering Design (FEED) and complete the Clearwater Feasibility Study (FS) [1] - Complete the Demonstration Facility to inform engineering and deliver FEED and FS [1] - Deliver battery-grade lithium carbonate to global customers to support offtake agreement execution [1] Technical and Commercial Progress - Successfully converted a concept into reality by completing the design of the facility based on the Pre-Feasibility Study conducted in 2024 [1] - Continued production of battery-grade lithium carbonate and delivery of samples to strategic global off-takers [1] - Raised approximately $20 million through equity issuance and sale of non-core assets, alongside securing government funding [1] Major Permits Submission - Submitted EPEA application and Directive 056 facility licence application through the Alberta Energy Regulator [1] - These permits are essential for provincial government authorization to construct and operate the Clearwater Project's Central Processing Facility [1] Management Evolution - Strengthened leadership team with new appointments, including a Chief Financial Officer and a Vice President of Facility Design [1] - Continued growth of the team to support development efforts [1] 2026 Outlook - Aim to advance the Clearwater Project towards shovel-ready status by the end of 2026 or early 2027 [1] - Key milestones include strategic engagement with offtake partners and project financing initiatives [1] - Execution of Phase 2 of the Demonstration Facility is currently underway [2] Completion Activities - Final activities for two wells drilled in late 2025 are in progress, with a reservoir production test to commence soon [2] - Data from the Demonstration Facility will be utilized for completing FEED and the subsequent FS report [2] Permitting Process - Ongoing engagement with stakeholders regarding the Clearwater facility and project site [2] - Aim to submit all remaining licence applications required for construction and operation of the Clearwater Project by the end of 2026 [2] Development Plan - Phase 1 of the project is planned for a capacity of 12,000 tonnes of lithium carbonate per year [2] - Commissioning and commercial operations of the Clearwater Project are expected between 2028 and 2029 [2] Marketing Agreement - Entered into an agreement with Winning Media LLC for digital marketing services, with a total consideration of $150,000 for three months [2]