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E3 Lithium to Receive $5 Million From the Government of Alberta for its Fully Integrated Demonstration Facility

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E3 Lithium (TSXV: ETL, OTCQX: EEMMF) has secured a $5 million investment from the Alberta Government through the Emissions Reduction Alberta TIER fund for its integrated Lithium Brine Demonstration Facility. The six-month project near Olds, Alberta, aims to purify, concentrate, and convert brine into battery-grade lithium carbonate. This Demo Project will integrate components into a reduced-scale commercial system, providing important data for designing a full-scale facility.

The investment supports E3 Lithium's goal of producing lithium from local brines, positioning Alberta as a potential leader in lithium production. The project is expected to mitigate risks, gather data on reservoir performance, and establish production forecasts, making E3 Lithium the first company to lead such a demonstration in Alberta and Canada.

E3 Lithium (TSXV: ETL, OTCQX: EEMMF) ha ottenuto un dal governo dell'Alberta tramite il fondo Emissions Reduction Alberta TIER per il suo Impianto Dimostrativo di Litio da Salamoia. Il progetto di sei mesi, situato vicino a Olds, Alberta, si propone di purificare, concentrare e convertire la salamoia in carbonato di litio di grado batteria. Questo progetto dimostrativo integrerà componenti in un sistema commerciale su scala ridotta, fornendo dati importanti per la progettazione di un impianto a piena scala.

L'investimento sostiene l'obiettivo di E3 Lithium di produrre litio dalle salamoie locali, posizionando l'Alberta come un potenziale leader nella produzione di litio. Il progetto si prevede che mitigherà i rischi, raccoglierà dati sulle performance del reservoir e stabilirà previsioni di produzione, rendendo E3 Lithium la prima azienda a condurre una tale dimostrazione in Alberta e in Canada.

E3 Lithium (TSXV: ETL, OTCQX: EEMMF) ha conseguido una inversión de 5 millones de dólares por parte del gobierno de Alberta a través del fondo Emissions Reduction Alberta TIER para su Instalación de Demostración de Litio en Salmuera. El proyecto de seis meses, ubicado cerca de Olds, Alberta, tiene como objetivo purificar, concentrar y convertir la salmuera en carbonato de litio de grado para baterías. Este Proyecto Demostrativo integrará componentes en un sistema comercial a escala reducida, proporcionando datos importantes para el diseño de una instalación a gran escala.

La inversión respalda el objetivo de E3 Lithium de producir litio a partir de salmueras locales, posicionando a Alberta como un posible líder en la producción de litio. Se espera que el proyecto mitigue riesgos, recopile datos sobre el rendimiento del reservorio y establezca pronósticos de producción, convirtiendo a E3 Lithium en la primera empresa en liderar tal demostración en Alberta y Canadá.

E3 리튬 (TSXV: ETL, OTCQX: EEMMF)는 500만 달러 투자를 앨버타 정부로부터 Emissions Reduction Alberta TIER 기금을 통해 확보했습니다. 이 통합 리튬 브라인 시연 시설은 앨버타주 올드스 근처에서 6개월 프로젝트로 진행되어 브라인을 정화, 농축 및 배터리 등급 리튬 탄산염으로 전환하는 것을 목표로 합니다. 이 시연 프로젝트는 축소된 상업 시스템으로 구성 요소를 통합하여 전체 규모 시설 설계를 위한 중요한 데이터를 제공할 것입니다.

이 투자는 E3 리튬이 지역 브라인에서 리튬을 생산하는 목표를 지원하며 앨버타를 리튬 생산의 잠재적 리더로 자리매김할 것입니다. 이 프로젝트는 리스크를 완화하고 저수지 성능에 대한 데이터를 수집하며 생산 예측을 수립할 것으로 예상되어 E3 리튬을 앨버타와 캐나다에서 이러한 시연을 주도하는 첫 번째 회사로 만들 것입니다.

E3 Lithium (TSXV: ETL, OTCQX: EEMMF) a obtenu un investissement de 5 millions de dollars du gouvernement de l'Alberta par le biais du fonds Emissions Reduction Alberta TIER pour son Installations de Démonstration de Lithium à partir de Saumure. Ce projet de six mois, situé près d'Olds, Alberta, vise à purifier, concentrer et convertir la saumure en carbonate de lithium de qualité batterie. Ce projet de démonstration intégrera des composants dans un système commercial à échelle réduite, fournissant des données importantes pour la conception d'une installation à grande échelle.

L'investissement soutient l'objectif d'E3 Lithium de produire du lithium à partir de saumures locales, positionnant l'Alberta comme un potentiel leader dans la production de lithium. Le projet devrait atténuer les risques, rassembler des données sur la performance du réservoir et établir des prévisions de production, faisant d'E3 Lithium la première entreprise à diriger une telle démonstration en Alberta et au Canada.

E3 Lithium (TSXV: ETL, OTCQX: EEMMF) hat eine 5-Millionen-Dollar-Investition von der Regierung von Alberta über den Emissions Reduction Alberta TIER-Fonds für seine integrierte Lithium-Sole-Demonstrationsanlage gesichert. Das sechsmonatige Projekt in der Nähe von Olds, Alberta, zielt darauf ab, Sole zu reinigen, zu konzentrieren und in Batterie-Qualitäts-Lithiumcarbonat umzuwandeln. Dieses Demoprojekt wird Komponenten in ein reduziertes kommerzielles System integrieren und wichtige Daten für die Planung einer vollspektierlichen Anlage liefern.

Die Investition unterstützt das Ziel von E3 Lithium, Lithium aus lokalen Lösungen zu produzieren, und positioniert Alberta als potenziellen Führer in der Lithiumproduktion. Es wird erwartet, dass das Projekt Risiken mindert, Daten zur Reservoirleistung sammelt und Produktionsprognosen aufstellt, wodurch E3 Lithium zum ersten Unternehmen wird, das eine solche Demonstration in Alberta und Kanada leitet.

Positive
  • Secured $5 million investment from Alberta Government
  • Developing a fully integrated Lithium Brine Demonstration Facility
  • Project aims to produce battery-grade lithium carbonate from local brines
  • Demo Project will provide important data for full-scale commercial facility design
  • Positioning Alberta as a potential leader in lithium production
Negative
  • None.

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 the Alberta Government is investing $5 million through the Emissions Reduction Alberta (“ERA”) Technology Innovation and Emissions Reduction (“TIER”) fund to support the Company’s integrated Lithium Brine Demonstration Facility (the "Demo Project").

As announced on August 8, E3 Lithium is constructing a Demo Project at an increased scale that will allow for the operation of a fully integrated process that will help in achieving the Company’s goal of producing battery grade lithium carbonate from locally sourced brines in Alberta.

“There is a critical minerals race happening worldwide, and with investments like this one, Alberta is leading,” said Rebecca Schulz, Minister of Environment and Protected Areas. “We are tapping into our province’s plentiful brine reserves, well-documented drill sites and talented oil and gas workforce to help E3 Lithium get its technology closer to commercialization, setting the stage for Alberta to become a global leader in lithium production while stimulating investment and creating jobs here at home.”

“E3 Lithium exemplifies Alberta's entrepreneurial spirit,” said Justin Riemer, CEO, Emissions Reduction Alberta. “They saw an opportunity and developed an innovative strategy to capitalize on it, transforming industrial waste into a valuable energy source that can power your cell phone or your electric vehicle. Along with supporting the circular economy, the environmental and economic rewards of this kind of leading-edge technology directly align with the province's long-term goals.”

“E3 is on the path to building a new industry in the province. As we prove the technology at an increasing scale, we increase the certainty that Alberta can be a major lithium-producing jurisdiction,” Chris Doornbos, President and CEO of E3 Lithium. “ERA's funding is crucial for developing a commercial facility and producing battery-grade lithium. This investment not only supports E3 but also opens new opportunities for the province and positions Alberta as a leader in critical minerals innovation.”

This six-month Demo Project near Olds, Alberta, aims to purify, concentrate and chemically convert brine into battery-grade lithium carbonate, with additional hydroxide developments that will be conducted offsite. The Demo Project will integrate necessary components into a reduced-scale commercial system, providing real-time data to assist in designing a full-scale commercial facility. This project will mitigate risks and gather crucial data on reservoir performance, production forecasts and well logistics, establishing E3 Lithium as the first company to lead such a demonstration project in Alberta and Canada.

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 Indicated1 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 Project NI 43-101 Pre-Feasibility Study, effective June 20, 2024 is available on the E3 Lithium’s website (https://e3lithium.ca/our-assets/technical-reports/) 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 value of the investment E3 Lithium (EEMMF) received from the Alberta Government?

E3 Lithium (EEMMF) received a $5 million investment from the Alberta Government through the Emissions Reduction Alberta TIER fund for its Lithium Brine Demonstration Facility.

What is the purpose of E3 Lithium's (EEMMF) Demonstration Project?

The purpose of E3 Lithium's (EEMMF) Demonstration Project is to purify, concentrate, and convert brine into battery-grade lithium carbonate, providing real-time data to assist in designing a full-scale commercial facility.

Where is E3 Lithium's (EEMMF) Demonstration Project located?

E3 Lithium's (EEMMF) Demonstration Project is located near Olds, Alberta, Canada.

How long will E3 Lithium's (EEMMF) Demonstration Project last?

E3 Lithium's (EEMMF) Demonstration Project is planned to last for six months.

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