E3 Lithium - EEMMF STOCK NEWS

E3 Lithium (EEMMF) has provided an update on its Demonstration Facility progress, scheduled for commissioning in 2025. The facility will be implemented in three phases during the second half of 2025. Key equipment manufacturing is approximately 50% complete, with critical components for 5 skids already procured.

The facility's core components include 30-column process optimization equipment and polishing equipment, designed to produce highly purified lithium chloride for conversion into battery-quality lithium carbonate. Equipment delivery remains on track for Q2 completion and Q3 site arrival. Installation and commissioning will begin in Q3, pending regulatory approval.

The company plans to drill two wells (production and injection pair) for subsurface demonstration in Q3. Phase 3 preparations, including installation of a commercial-scale DLE column, will commence later in 2025. The facility aims to validate processing technology and produce battery-grade lithium carbonate from Leduc Brines, reducing risk for the Clearwater Project's feasibility and financing.

E3 Lithium (OTCQX: EEMMF) has announced a quarterly webinar scheduled for April 16, 2025, at 9:00 AM MST. CEO Chris Doornbos will present the company's 2025 development plans and discuss recent achievements including:

• A mineral lease agreement with Imperial Oil
• Technology advancements with Pure Lithium
• New federal funding through the Critical Minerals Infrastructure Fund

The company will release a new corporate presentation on April 9th, 2025, highlighting updates on the Clearwater Project, the 2025 Demonstration Facility, and their strategic vision. The 60-minute webinar will include a 45-minute presentation followed by a 15-minute Q&A session, with participants able to submit questions in advance via email.

E3 Lithium (EEMMF) has finalized a Contribution Agreement for $4.397 million in non-repayable funding from the Critical Minerals Infrastructure Fund (CMIF). The company will receive reimbursement for 50% of eligible expenditures up to the total allocation.

The funding will support preconstruction work for the Clearwater Project, including electrical connection studies, transportation assessments, and engagement initiatives. These elements are important for the Demonstration Facility and Feasibility Study development.

This agreement follows a previously announced conditional approval for $4.7 million, with the reduction due to minor scope and cost changes. Since 2017, E3 has secured approximately $41.9 million CAD in Provincial and Federal government funding support.

E3 Lithium (EEMMF) and Pure Lithium have achieved a significant milestone in their Joint Development Agreement by successfully producing lithium metal batteries using E3's Alberta brines and DLE technology combined with Pure Lithium's Brine to Battery™ technology.

The companies have manufactured over 80 lithium metal battery cells using E3's lithium concentrate, with Pure Lithium conducting rigorous performance testing using industry standard metrics. The collaboration has defined an optimized lithium chloride concentrate profile, evaluating various versions for consistency and purity through electrodeposition into lithium metal.

The testing program is scheduled for completion in Q2 2025. Additionally, E3 Lithium's Board has approved a grant of 300,000 restricted share units to the Company's CEO, vesting over three years.

E3 Lithium (OTCQX: EEMMF) has announced updates to its 2024-2025 compensation programs following a successful year. The company is implementing several equity awards including:

- Re-pricing of 2,108,000 non-executive staff stock options from $1.10-$2.75 to $0.81 per share
- Issuance of 786,000 new stock options to company insiders at $0.81 per share
- Grant of 300,000 restricted share units (RSUs) to directors, officers, and employees
- Approval of 509,600 Performance Share Units (PSUs) for staff and 270,000 PSUs for insiders

The PSUs will vest based on achieving specific performance goals within 24 months, including:
- Successful demonstration program
- Securing strategic partners/off-take agreements
- Completing feasibility study
- Successful permitting and stakeholder engagement
- Continued corporate financing

All modifications and issuances are subject to TSXV approval.

E3 Lithium (EEMMF) has received conditional approval for up to $4.7 million in non-repayable funding from the Critical Minerals Infrastructure Fund (CMIF). The investment will support preconstruction work on transportation and energy infrastructure for the Clearwater Project, including studies for transportation upgrades and energy optimization for lithium production.

The funding, part of CMIF's $1.5 billion federal initiative until 2030, will reimburse 50% of eligible costs. E3 can apply for expenses incurred from October 2024, potentially including work on the Demonstration Facility Project. The agreement is expected to be finalized within months.

Since 2017, E3 has secured approximately $37.5 million CAD in non-dilutive funding, excluding this CMIF investment. This additional funding provides financial stability without share dilution as the company progresses toward first lithium production in Alberta.

E3 Lithium (TSXV: ETL, OTCQX: EEMMF) has finalized rights and agreements with Imperial Oil for freehold mineral tenure for its Clearwater Project. The Project Completion Agreement dated February 28, 2025, provides E3 with a mineral lease covering 110 sections of Imperial's freehold interest.

The lease features a 10-year primary term with a renewable 10-year term. The agreement includes the cancellation of 3,413,979 warrants granted to Imperial at C$1.86 per warrant, with E3 paying C$4,150,000 in three installments over 2025's first three quarters.

Following E3's successful pilot operations in 2023, the company plans a demonstration program for 2025. This agreement strengthens E3's position in developing lithium production in Alberta and advancing the Clearwater Project, which aims to establish Alberta as a key player in the global lithium supply chain.

E3 Lithium has outlined its 2025 corporate priorities for advancing the Clearwater Project toward commercial lithium production. The company is making two key changes to its project design: focusing initially on battery-quality lithium carbonate production and implementing a phased approach with three 12,000-tonne/year phases to reduce capital requirements and accelerate timelines.

In 2025, E3 will focus on five initiatives: advancing Phase 1 engineering for the commercial plant, constructing a demonstration facility with Canada's first scaled-up DLE system, submitting environmental applications to Alberta regulators, developing strategic partnerships, and building stakeholder support.

The demonstration facility will operate in three phases to validate the production process, with commissioning expected in early Q3 2025. The company aims to make the Clearwater Project 'shovel ready' by 2026, with permits potentially in place by mid-2026.

E3 highlights Alberta's advantages for lithium development, including its regulatory framework, skilled workforce, and infrastructure. The company reports approximately $18.4 million in working capital and $23 million in undrawn grants at the end of 2024.

E3 Lithium (OTCQX: EEMMF) has appointed Rob Knowles as Vice President of Investor Relations, effective February 18, 2025. Knowles brings over 20 years of capital markets experience, with expertise in investor relations, investment banking, and equity research. His background includes senior IR positions at Husky Energy and Sunniva Inc., along with roles at various Canadian Investment Banks including TD and JF Mackie.

The company also announced its participation in the upcoming Prospectors & Developers Association of Canada (PDAC) Convention in Toronto from March 1-5, 2025. CEO Chris Doornbos will host an investor presentation on March 5th at 9:40 AM ET, and investors can visit E3's booth #2303 to meet the team.