E3 Lithium Announces Q2 2025 Financials, MD&A Filing, and Lead Director Appointment

08/27/2025 – 03:15 AM

CALGARY, Alberta – E3 Lithium (TSXV: ETL), a frontrunner in the Canadian lithium landscape, has released its Consolidated Financial Statements for the quarter ending June 30, 2025, along with the Management’s Discussion and Analysis (MD&A). Investors can delve into the details on SEDAR and the company’s website.

E3 Lithium’s Demonstration Facility: On Track for Q3 Commissioning Amid Significant Progress

• As of April 16, 2025, the core of E3 Lithium’s extraction infrastructure, featuring a 30-column Direct Lithium Extraction (DLE) system, had reached approximately 50% assembly for Phase 1 and Phase 2 of the Demonstration Facility. This milestone underscores the rapid advancement of the company’s technological capabilities.
• By June 2, 2025, fabrication was complete, and the equipment was undergoing rigorous final inspections. Scheduled for on-site assembly within weeks at the Clearwater Project, the system is primed for operational and safety inspections, with commissioning anticipated in Q3 2025, pending regulatory nods.
• August 12, 2025, marked a pivotal moment as all major Phase 1 equipment arrived on-site. The DLE system and its polishing and purification units have been fully assembled, signaling that E3 Lithium is in the final stretch. Integration of supporting infrastructure and comprehensive mechanical/electrical checks are underway, setting the stage for final inspection and operational review.

Lithium Metal Battery Joint Development Yields Promising Results

• E3 Lithium’s collaboration with Pure Lithium has borne fruit. The results of initial battery cells manufactured under their Joint Development Agreement, leveraging E3 Lithium’s brine and DLE technology alongside Pure Lithium’s innovative extraction and battery tech, are in.
• Multiple lithium chloride concentrate variations, products of E3’s commercial production process, were converted into lithium metal battery-ready anodes at Pure Lithium’s Boston facility. These anodes were incorporated into batteries and subjected to electrochemical performance testing, revealing stellar results. E3 Lithium’s brine streams achieved a purity level exceeding 99.9%, as verified by ICP-OES analysis. Both companies are moving forward with plans to develop the lowest cost, highest purity lithium metal anodes.

Alexandra Cattelan Appointed Lead Director

E3 Lithium is reinforcing its corporate governance with the appointment of Alexandra Cattelan as Lead Director. Cattelan brings to the table extensive experience in electric propulsion, advanced mobility programs, and lithium battery development, honed during her tenures at General Motors, Stellantis, and Johnson Controls. She will work in tandem with the Chair and CEO and will preside over executive sessions comprising the independent directors.

ON BEHALF OF THE BOARD OF DIRECTORS

Chris Doornbos, President, CEO & Chair

E3 Lithium Ltd.

About E3 Lithium

E3 Lithium aims to tap into Alberta’s vast lithium resources. The company holds a significant lithium resource base: 21.2 million tonnes of lithium carbonate equivalent (LCE) Measured and Indicated and 0.3 Mt LCE Inferred mineral resources in Alberta, along with 2.5 Mt LCE Inferred mineral resources in Saskatchewan. The Clearwater Pre-Feasibility Study outlines a 1.13 Mt LCE proven and probable mineral reserve with a pre-tax NPV8% of USD 5.2 Billion, a 29.2% IRR and an after-tax NPV8% of USD 3.7 Billion with a 24.6% IRR.

1: The Clearwater Project NI 43-101 Pre-Feasibility Study, effective June 20, 2024, is available on the E3 Lithium’s website and SEDAR+.

2: The mineral resource NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate, effective June 25, 2025, identified 5.0 Mt LCE (measured and indicated) and 0.3 Mt LCE (inferred) and will be available on the E3 Lithium’s website and SEDAR+ within 45 days of this news release.

3: The mineral resource NI 43-101 Technical Report for the Estevan Lithium District, effective May 23, 2024, identified 2.5 Mt LCE (inferred) and is available on the E3 Lithium’s website and SEDAR+.

Kevin Carroll, Chief Development Officer and a Qualified Person under National Instrument 43-101, has reviewed and is responsible for the technical information contained in this release.

Forward-Looking and Cautionary Statements

This announcement incorporates forward-looking statements and information subject to securities laws. Such statements, identifiable by terms like “believe,” “may,” “will,” and similar expressions, hinge on management’s current outlook and the Preliminary Feasibility Study (PFS), but do not ensure future performance. Specifically, this release includes details on mineral resources at the Clearwater Project, expectations regarding the PFS, Clearwater Project specifics including extraction, expected economic performance, strategies for minimizing environmental impact, plans and objectives for Company operations, and inherent risks in mineral activities. Risks include the speculative nature of mineral exploration, fluctuating commodity prices, emerging lithium extraction technologies, financing availability, operational challenges, changes in reserves, equipment failure, and currency fluctuations. Unforeseen events could materially alter projected outcomes; thus, investors are cautioned against undue reliance. The Company is not obligated to update these statements unless legally mandated.