E3 Lithium Stock Price, News & Analysis

E3 Lithium (OTCQX:EEMMF) has commenced drilling its third lithium well in the Leduc Formation as Phase 2 of the Demonstration Facility in central Alberta on October 29, 2025. Phase 2 follows Phase 1, which in early October 2025 produced battery‑grade lithium carbonate and validated the company's Direct Lithium Extraction (DLE) equipment at demonstration scale.

Phase 2 aims to collect core samples, well‑log petrophysical data, reservoir performance metrics and brine for continued DLE testing to support commercial wellfield and facility design, engineering, and permitting. Drilling and testing are expected to continue into November 2025 and the company will provide operational updates.

E3 Lithium (OTCQX:EEMMF) has begun site construction for Phase 2 of its Clearwater Demonstration Facility east of Olds, Alberta after receiving required permits from the Alberta Energy Regulator on September 11, 2025. Site work includes road access improvements, pad construction, topsoil/subsoil stripping and environmental/safety preparations ahead of a planned drilling program.

The company expects the drilling rig to be mobilized in the coming weeks; wells will test Leduc Reservoir flow rates and characteristics to inform the Phase 2 well scheme, gathering and gas handling design and future commercial facility plans. E3 says the site will be reclaimed after operations and it is engaging local stakeholders and regulators.

E3 Lithium (OTCQX:EEMMF) and Axens signed a non-binding memorandum of understanding on October 16, 2025 to pursue two separate commercial agreements: an offtake for lithium carbonate from E3 Lithium’s Clearwater Project for use in Europe, and Axens’ supply of a proprietary lithium selective sorbent for E3 Lithium’s Direct Lithium Extraction (DLE) processes.

Each party will qualify the products through set milestones: E3 to produce battery-grade lithium at its Demonstration Facility for Axens’ review, and E3 to validate Axens’ sorbent via standard testing. Both firms will discuss funding options as part of definitive agreements.

E3 Lithium (OTCQX:EEMMF) closed an upsized public offering of 10,150,000 Units for gross proceeds of C$12.18 million on October 14, 2025. Each Unit includes one common share and one-half warrant; each whole warrant permits purchase of one common share at C$1.50 until October 14, 2028. The company applied for TSXV listing of the warrants and received conditional approval.

Proceeds, together with cash and government grants, will fund the Demonstration Facility, support engineering and permitting toward Feasibility with a goal of completion by end of 2026, and provide general working capital. Insiders bought 94,170 Units for $113,004; the offering was led by TD Securities and Roth Canada with a syndicate.

E3 Lithium (OTCQX: EEMMF) has entered into an agreement to sell its non-core Estevan Lithium District assets in Saskatchewan for US$4.296 million (C$6.0 million). The transaction, expected to close in Q4 2025, aligns with the company's strategy to focus on developing its flagship Clearwater Project in Alberta's Bashaw District.

The sale proceeds will strengthen E3 Lithium's balance sheet and support the development of the Clearwater Project, which aims to become Canada's first fully integrated lithium production facility. The transaction is subject to customary closing conditions, including regulatory approvals and environmental due diligence.

E3 Lithium (OTCQX: EEMMF) has achieved a significant milestone by producing battery grade lithium carbonate during the commissioning of Phase 1 of its Demonstration Facility. The company successfully produced lithium carbonate with an average purity of 99.70%, validating their equipment functionality and technology selection for commercial facility designs.

The Phase 1 demonstration validates the complete process flow from direct lithium extraction (DLE) through polishing and purification stages. Operations will continue into Q4 2025, with produced lithium carbonate being used for customer pre-qualification supporting potential offtake agreements. Phase 2 will include drilling production and injection wells to enable continuous production and support the company's Feasibility Study.

E3 Lithium (OTCQX: EEMMF) has secured crucial regulatory approvals from the Alberta Energy Regulator (AER) for Phase 2 of its Clearwater Project Demonstration Facility. The project, structured in three phases, will advance with Phase 2 focusing on drilling production and injection wells to validate Leduc Aquifer characteristics.

The company has received three key permits: Directive 065 for mineral scheme approval, and two Directive 056 approvals for mineral wells and facility requirements. These represent the first facility permits issued under Brine-Hosted Mineral resources regulations in Alberta. The drill program is expected to commence in early to mid-October 2025, following the Phase 1 commissioning announced on September 2, 2025.

E3 Lithium (OTCQX: EEMMF) has begun commissioning Phase 1 of its Clearwater Project Demonstration Facility, marking a significant milestone in its lithium production development. The phase includes operating a 30-column DLE (Direct Lithium Extraction) system and purification equipment.

The company has initiated brine introduction into the DLE system, with full commissioning expected to take approximately one week. The facility aims to produce high-quality lithium chloride for conversion into battery-grade lithium carbonate. E3 Lithium has confirmed sufficient brine supply to operate Phase 1 into early Q4 2025, with Phase 2 scheduled to begin later in fall 2025.

E3 Lithium (OTCQX: EEMMF), a Canadian lithium company, reported significant progress in Q2 2025 with its Demonstration Facility development and battery technology initiatives. The company's 30-column Direct Lithium Extraction (DLE) system has been fully assembled on-site, with commissioning targeted for Q3 2025.

The company announced promising results from its Joint Development Agreement with Pure Lithium Corporation, achieving >99.9% pure lithium metal in battery anode testing. Additionally, E3 Lithium appointed Alexandra Cattelan as Lead Director, leveraging her extensive experience in electric propulsion and lithium battery development from roles at General Motors, Stellantis, and Johnson Controls.