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]

Core Viewpoint - E3 Lithium is hosting a quarterly webinar on November 5, 2025, to discuss recent developments and outline next steps toward commercial lithium production [1][2]. Company Overview - E3 Lithium has 21.2 million tonnes (Mt) of lithium carbonate equivalent (LCE) Measured and Indicated resources and 0.3 Mt LCE Inferred resources in Alberta, along with 2.5 Mt LCE Inferred resources in Saskatchewan [4]. - The Clearwater Project Pre-Feasibility Study indicates a proven and probable mineral reserve of 1.13 Mt LCE, with a pre-tax NPV(8%) of USD 5.2 billion and an after-tax NPV(8%) of USD 3.7 billion, reflecting IRRs of 29.2% and 24.6% respectively [4]. Webinar Details - The webinar will feature a 45-minute presentation followed by a 15-minute Q&A session, allowing real-time questions from attendees [2]. - Participants can submit questions in advance via email to ensure they are addressed during the webinar [2]. Recent Developments - The company has commenced drilling its lithium development well as part of Phase 2 of its Demonstration Facility in central Alberta [12]. - Construction has begun on the Phase 2 demonstration facility site in the Clearwater Project Area, following the approval of necessary permits [13]. - E3 Lithium has signed a non-binding memorandum of understanding with Axens for the sale of lithium carbonate and the supply of lithium selective sorbent [14]. Upcoming Milestones - The webinar will cover updates on the Phase 1 and Phase 2 Demonstration Facility achievements, recent equity financing, and the company's positioning within North America's critical minerals strategy [8].