E3 Lithium Stock Price, News & Analysis

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.

E3 Lithium has successfully produced battery quality lithium carbonate with 99.71% purity from Leduc brines using demonstration-scale equipment at its Calgary laboratory. This achievement utilizes lithium chloride concentrate from the 2023 Pilot Operations, employing the same conditions and equipment planned for the full-scale Lithium Brine Demonstration Facility.

The production process aligns with specifications outlined in the Clearwater Pre-Feasibility Study for the commercial facility. The company's phase one development, announced on September 26, focused on commissioning specialized reactors for consistent lithium carbonate production. This success marks a significant step toward proving Alberta's potential as a reliable lithium source.

E3 Lithium (OTCQX: EEMMF) announces its participation in the ISO TC 333 Lithium mirror committee through the Standards Council of Canada. The company's Calgary Lab is actively involved in testing methods for determining lithium product quality, a important factor affecting lithium product pricing. E3's lab is one of only two facilities in Canada participating in these standards development.

The company has completed two interlaboratory collaborative tests in 2024, demonstrating high accuracy in results for both lithium carbonate and lithium hydroxide quality assessment. These results have been verified by third-party independent lab analysis. The lab's work focuses on three main areas: purity assessment of battery-grade lithium products, measurement of elemental impurities, and analysis of metallic magnetic impurities using advanced techniques like potentiometric titration and ICP-OES.

E3 Lithium (OTCQX: EEMMF) announced the filing of its Unaudited Condensed Consolidated Interim Financial Statements for the third quarter of 2024 and the accompanying Management's Discussion and Analysis (MD&A). The company, which focuses on Canadian lithium development, has made these documents available on SEDAR+ and its corporate website.

E3 Lithium has secured a strategic brownfield site for its Clearwater Project's Central Processing Facility at the former Dyck Gravel Pit in Mountain View County, Alberta. The site will host the first commercial lithium facility in Western Canada, where brine will be collected and battery-grade lithium salts will be produced. The location offers key advantages including proximity to power infrastructure, highways, and rail lines. The facility aims to leverage Alberta's skilled workforce and will contribute to the North American battery supply chain. A phase 1 commercial environmental assessment revealed no material concerns, and the company has committed to site rehabilitation after operations conclude.