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E3 Lithium Files Clearwater Project NI 43-101 Technical Report

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E3 Lithium (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF) has filed the NI 43-101 Technical Report for its Clearwater Project Pre-Feasibility Study (PFS). The report, effective June 20, 2024, is now available on SEDAR+ and the company's website. Minor adjustments were made during the final validation, including:

1. Reclassification of capital and operating costs
2. Inclusion of carbonation costs in lithium extraction and purification unit costs
3. Exclusion of initial working capital from economic assessment
4. Inclusion of abandonment costs and major maintenance in capital expenditures

These changes resulted in slight adjustments to economic metrics, with the after-tax NPV8 increasing from $3,717M to $3,720M USD. The Technical Report was prepared by independent Qualified Persons from Matrix Solutions Inc, Sproule Associates , Sedgman Canada , and Stantec Consulting Inc.

E3 Lithium (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF) ha presentato il Rapporto Tecnico NI 43-101 per lo Studio di Fattibilità Preliminare (PFS) del suo Progetto Clearwater. Il rapporto, valido dal 20 giugno 2024, è ora disponibile su SEDAR+ e sul sito web dell'azienda. Sono state apportate piccole modifiche durante la validazione finale, tra cui:

1. Riclassificazione dei costi di capitale e di esercizio
2. Inclusione dei costi di carbonazione nei costi di estrazione e purificazione del litio
3. Esclusione del capitale operativo iniziale dalla valutazione economica
4. Inclusione dei costi di abbandono e della manutenzione straordinaria nelle spese in conto capitale

Queste modifiche hanno comportato lievi aggiustamenti ai parametri economici, con il NPV8 post tasse che è aumentato da $3.717M a $3.720M USD. Il Rapporto Tecnico è stato redatto da professionisti indipendenti qualificati di Matrix Solutions Inc, Sproule Associates, Sedgman Canada e Stantec Consulting Inc.

E3 Lithium (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF) ha presentado el Informe Técnico NI 43-101 para el Estudio de Prefactibilidad (PFS) de su Proyecto Clearwater. El informe, efectivo a partir del 20 de junio de 2024, ya está disponible en SEDAR+ y en el sitio web de la empresa. Se realizaron ajustes menores durante la validación final, incluyendo:

1. Reclasificación de los costos de capital y de operación
2. Inclusión de costos de carbonatación en los costos de extracción y purificación de litio
3. Exclusión del capital de trabajo inicial de la evaluación económica
4. Inclusión de costos de abandono y mantenimiento mayor en los gastos de capital

Estos cambios resultaron en ligeros ajustes a las métricas económicas, con el NPV8 después de impuestos aumentando de $3,717M a $3,720M USD. El Informe Técnico fue preparado por Personas Calificadas independientes de Matrix Solutions Inc, Sproule Associates, Sedgman Canada y Stantec Consulting Inc.

E3 리튬 (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF)은 Clearwater 프로젝트에 대한 NI 43-101 기술 보고서를 제출했습니다. 이 보고서는 2024년 6월 20일부터 유효하며, SEDAR+와 회사 웹사이트에서 현재 확인할 수 있습니다. 최종 검증 과정에서 소규모 조정이 이루어졌으며, 포함된 내용은 다음과 같습니다:

1. 자본 및 운영 비용 재분류
2. 리튬 추출 및 정제 단가에 탄산화 비용 포함
3. 경제 평가에서 초기 운영 자본 제외
4. 자본 지출에 포기 비용 및 주요 유지보수 포함

이러한 변경 사항으로 인해 경제 지표가 약간 조정되었으며, 세후 NPV8이 3,717M 달러에서 3,720M 달러로 증가했습니다. 기술 보고서는 Matrix Solutions Inc, Sproule Associates, Sedgman Canada 및 Stantec Consulting Inc의 독립 자격 있는 전문가들에 의해 작성되었습니다.

E3 Lithium (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF) a déposé le rapport technique NI 43-101 pour son étude de préfaisabilité (PFS) du projet Clearwater. Le rapport, en vigueur depuis le 20 juin 2024, est désormais disponible sur SEDAR+ et sur le site Web de l'entreprise. Quelques ajustements mineurs ont été apportés lors de la validation finale, notamment :

1. Reclassification des coûts d'investissement et d'exploitation
2. Inclusion des coûts de carbonatation dans les coûts d'extraction et de purification du lithium
3. Exclusion du fonds de roulement initial de l'évaluation économique
4. Inclusion des coûts d'abandon et des principales maintenances dans les dépenses d'investissement

Ces modifications ont entraîné de légers ajustements des indicateurs économiques, le NPV8 après impôt passant de 3,717 millions de dollars à 3,720 millions de dollars USD. Le rapport technique a été préparé par des personnes qualifiées indépendantes de Matrix Solutions Inc, Sproule Associates, Sedgman Canada et Stantec Consulting Inc.

E3 Lithium (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF) hat den NI 43-101 Technischen Bericht für die Voruntersuchung (PFS) seines Clearwater-Projekts eingereicht. Der Bericht, gültig ab dem 20. Juni 2024, ist jetzt auf SEDAR+ und der Unternehmenswebsite verfügbar. Während der abschließenden Validierung wurden geringfügige Anpassungen vorgenommen, darunter:

1. Neugliederung der Kapital- und Betriebskosten
2. Einbeziehung der Kohlenstoffkosten in die Kosten für Lithiumextraktion und -reinigung
3. Ausschluss des anfänglichen Working Capitals aus der wirtschaftlichen Bewertung
4. Einbeziehung von Stilllegungs- und Hauptwartungskosten in die Investitionsausgaben

Diese Änderungen führten zu leichten Anpassungen der wirtschaftlichen Kennzahlen, wobei der NPV8 nach Steuern von 3.717 Mio. USD auf 3.720 Mio. USD anstieg. Der Technische Bericht wurde von unabhängigen Fachleuten von Matrix Solutions Inc, Sproule Associates, Sedgman Canada und Stantec Consulting Inc. erstellt.

Positive
  • Filing of NI 43-101 Technical Report for the Clearwater Project PFS
  • Slight increase in after-tax NPV8 from $3,717M to $3,720M USD
Negative
  • Reclassification of costs and adjustments to economic metrics, potentially affecting investor interpretation

CALGARY, Alberta--(BUSINESS WIRE)-- E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3 Lithium” or the “Company,” a leader in Canadian lithium, is pleased to announce that, in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), it has filed the technical report, entitled “Clearwater Project NI 43-101 Technical Report on Pre-Feasibility Study, Bashaw District Mineral Property, Central Alberta, Canada” with an effective date of June 20, 2024 (the “Technical Report”) summarizing the results of the Pre-Feasibility Study (the “PFS”) previously announced in the Company’s news release dated June 26, 2024. The Technical Report is available under the Company’s profile on SEDAR+ at www.sedarplus.com and on the Company’s website at www.e3lithium.ca.

During the final validation and completion of the PFS in the Technical Report, minor adjustments were made to the classification of capital and operating costs of the Clearwater Project. A summary of these changes is shown in the table below, compared to the originally reported figures.

 

Units

June 26, 2024
Original

July 29, 2024
Amended

Sustaining Capital

M US$

1,799

1,264

Major Maintenance Capital

M US$

 

508

Total Abandonment Capital

M US$

-

27

NPV8 After Tax

M US$

3,717

3,720

Finalized by the QP’s, the capital expenditure for carbonation is now reclassified to be included with the lithium extraction and purification unit costs. Economic metrics have been slightly adjusted, as the initial working capital has been excluded from the economic assessment and reclassified as a corporate cost. Abandonment costs and major maintenance are now included in capital expenditures rather than operating expenses.

The Technical Report was prepared for E3 Lithium by Daron Abbey, M.Sc., P. Geo of Matrix Solutions Inc; Alex Haluszka, M. Sc., P. Geo of Matrix Solutions Inc; Meghan Klein, P. Eng, of Sproule Associates Limited; Antoine Lefaivre, P. Eng, of Sedgman Canada Ltd.; and Keith Wilson, P. Eng., of Stantec Consulting Inc., each of whom is a “Qualified Person” as defined under NI 43-101 (collectively, the “Qualified Persons”). Each of the Qualified Persons prepared or supervised the preparation of the information that forms the basis of the PFS; has reviewed and approved the technical information in this news release within their area of expertise; and is independent of E3 Lithium.

We encourage readers to review the Technical Report in its entirety, including all assumptions, qualifications, and exclusions.

ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos, President & CEO
E3 Lithium Ltd.

About E3 Lithium

E3 Lithium is a development company with a total of 16.2 million tonnes of lithium carbonate equivalent (LCE) Measured and Indicated 1 as well as 0.9 million tonnes LCE Inferred mineral resources2 in Alberta and 2.5 million tonnes LCE Inferred mineral resources3 in Saskatchewan. The Clearwater Pre-Feasibility Study outlined a 1.13 Mt LCE proven and probable mineral reserve with a pre-tax NPV8% of USD 5.2 Billion with a 29.2% IRR and an after-tax NPV8% of USD 3.7 Billion with a 24.6% IRR1. E3 Lithium’s goal is to produce high purity, battery grade lithium products to power the growing electrical revolution. With a significant lithium resource and innovative technology solutions, E3 Lithium has the potential to deliver lithium to market from one of the best jurisdictions in the world.

1: The Clearwater Pre-Feasibility Study news release dated June 26, 2024 is available on the E3 Lithium’s website (e3lithium.ca/newsroom/news-releases/) and SEDAR+ (www.sedarplus.ca).

2: The mineral resource NI 43-101 Technical Report for the North Rocky Property, effective October 27, 2017, identified 0.9 Mt LCE (inferred) and is available on the E3 Lithium’s website (e3lithium.ca/technical-reports) and SEDAR+ (www.sedarplus.ca).

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 (e3lithium.ca/technical-reports) and SEDAR+ (www.sedarplus.ca).

Forward-Looking and Cautionary Statements

This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions or forward-looking information within the meaning of applicable securities laws. Forward-looking statements are frequently identified by such words as “believe”, “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend”, “project”, “potential”, “possible” and similar words referring to future events and results. Forward-looking statements are based on the current opinions, expectations, estimates and assumptions of management in light of its experience, perception of historical trends, and results of the PFS, but such statements are not guarantees of future performance. In particular, this news release contains forward-looking information relating to: the estimated mineral resources and mineral resources at the Clearwater Project; expectations regarding the PFS, including statements regarding the results of the PFS and interpretations thereof; expectations concerning the Clearwater Project, including extraction, production, pretreatment, purification, volume reduction and conversion process and features and the expected outcomes thereof; the expected economic performance of the Clearwater Project, including capital costs, operating costs, water usage, land use and carbon emissions; statements regarding the Company’s strategy for minimizing environmental impact and liquid waste and maximizing water reuse, with no planned tailings or waste piles; the potential for a secondary revenue stream should the Company be able to sell the calcium carbonate generated during the production of lithium hydroxide; plans and objectives of management for the Company’s operations and the Clearwater Project; and the inherent hazards associated with mineral exploration and mining operations. In preparing the forward-looking information in this news release, the Company has applied several material assumptions, including, but not limited to, that any additional financing needed will be available on reasonable terms; the exchange rates for the U.S. and Canadian currencies will be consistent with the Company’s expectations; that the current exploration, development, environmental and other objectives concerning the Clearwater Project can be achieved and that its other corporate activities will proceed as expected; that the current price and demand for lithium will be sustained or will improve; that general business and economic conditions will not change in a materially adverse manner and that all necessary governmental approvals for the planned activities on the Clearwater Project will be obtained in a timely manner and on acceptable terms; the continuity of the price of lithium.

All forward-looking information (including future-orientated financial information) is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the Company’s brine, risks related to the availability of financing on commercially reasonable terms and the expected use of proceeds; operations and contractual obligations; changes in estimated mineral reserves or mineral resources; future prices of lithium and other metals; availability of third party contractors; availability of equipment; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; the Company’s lack of operating revenues; currency fluctuations; risks related to dependence on key personnel; estimates used in financial statements proving to be incorrect; competitive risks and the availability of financing, as described in more detail in our recent securities filings available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

E3 Lithium - Investor and Media Relations

Alexis de la Renaudiere

Investor Relations

investor@e3lithium.ca

587-324-2775

Source: E3 Lithium Ltd.

FAQ

What is the effective date of E3 Lithium's Clearwater Project NI 43-101 Technical Report?

The effective date of E3 Lithium's Clearwater Project NI 43-101 Technical Report is June 20, 2024.

How did the after-tax NPV8 change for E3 Lithium's Clearwater Project (EEMMF) after the final validation?

The after-tax NPV8 for E3 Lithium's Clearwater Project (EEMMF) slightly increased from $3,717M to $3,720M USD after the final validation.

What major changes were made to E3 Lithium's Clearwater Project costs in the final Technical Report?

Major changes included reclassifying carbonation costs to lithium extraction and purification unit costs, excluding initial working capital from economic assessment, and including abandonment costs and major maintenance in capital expenditures.

E3 LITHIUM LTD

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