E3 LITHIUM LTD - EEMMF STOCK NEWS

E3 Lithium (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF) has successfully completed all milestones of its Pilot Project funded by Natural Resources Canada's (NRCan) Critical Minerals Research, Development and Demonstration (CMRDD) program. The company received a total support of $3.5 million, with the final payment of $354,000 now received.

The funding supported E3 Lithium's field pilot operations and the advancement of Direct Lithium Extraction (DLE) technology to extract lithium from Leduc brines in Alberta, Canada. The company demonstrated high lithium recovery from brines with high flow rates. Data from the pilot project was incorporated into the recently released Pre-Feasibility Study (PFS), confirming the economic viability of the Clearwater Lithium Project in Alberta.

E3 Lithium is now advancing its strategic plan to construct a Demonstration Facility that will produce battery-grade lithium carbonate, laying the groundwork for a commercial lithium facility and positioning Western Canada as a key player in the global lithium market.

E3 Lithium (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), a Canadian lithium leader, has successfully commissioned demo scale carbonate conversion reactors in its lab. This achievement enables the company to produce lithium carbonate using small-scale equipment that mimics commercial system conditions. The reactors will be used in a planned demonstration facility, with the lab work confirming operational parameters beforehand.

The company has expanded its Calgary-based lab to include advanced equipment for producing battery-grade lithium carbonate. Future work will focus on optimization and scaling up production efficiently. This development enhances E3 Lithium's capabilities from advancing Direct Lithium Extraction (DLE) to producing battery-grade lithium carbonate, supporting its goal of establishing a reliable lithium production facility in Alberta, Canada.

E3 Lithium (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), a leading Canadian lithium company, has filed its Unaudited Condensed Consolidated Interim Financial Statements for the second quarter of 2024 along with the accompanying Management's Discussion and Analysis (MD&A). These documents are now available on the company's SEDAR+ profile at www.sedarplus.ca and will also be accessible on E3 Lithium's official website at www.e3lithium.ca. This filing represents a important step in the company's financial reporting and transparency efforts, providing investors and stakeholders with up-to-date information on E3 Lithium's financial performance and operational progress in the rapidly evolving lithium market.

E3 Lithium (TSXV: ETL) (OTCQX: EEMMF) has signed a Joint Development Agreement with Pure Lithium to advance the design of a lithium metal anode and battery pilot plant in Alberta. The companies will complete a Preliminary Economic Assessment of a commercial lithium metal battery facility, combining Pure Lithium's Brine to Battery™ technology with E3's lithium brines and concentrate production.

The agreement aims to eliminate the need for lithium salt production as an intermediary step, potentially simplifying the process. Over the next 12 months, they will develop a techno-economic model, continue joint scale-up efforts, and design a pilot facility near Calgary. The pilot is designed to produce 200kg of lithium metal anodes for use in lithium metal vanadium rechargeable batteries.

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) has announced plans to construct a fully integrated Lithium Brine Demonstration Facility in Alberta, Canada. This Demo Project aims to produce battery-grade lithium carbonate from brines in the Leduc reservoir, advancing the company's goal of developing a commercial lithium facility. The project builds upon E3's successful Direct Lithium Extraction (DLE) pilot program conducted in 2023, which validated the economic feasibility of lithium projects in Alberta.

The Demo Project will scale up the DLE system and incorporate purification, concentration, and chemical conversion processes to continuously produce lithium carbonate. It will provide real-time data for commercial system design and samples for potential strategic partners. This facility is expected to be unique in Canada and serve as an economic driver for Alberta's battery supply chain.

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), a Canadian lithium company, held its annual general and special meeting on July 16, 2024. Shareholders approved all items of business, including the appointment of MNP LLP as auditor, setting the number of directors at six, and electing all nominated directors. The company also amended its omnibus equity incentive plan from a 'rolling' to a 'fixed' plan and approved the Amended and Restated By-Law No. 1.

Tina Craft joined the board, replacing Mike O'Hara who retired after seven years of service. As part of her appointment, Ms. Craft was granted 300,000 stock options at an exercise price of $1.52 per share, vesting over three years and expiring in three, four, and five years from the grant date.

E3 Lithium (OTCQX: EEMMF), a prominent name in Canadian lithium production, is set to host a webinar on July 10, 2024, to discuss its recently released Pre-Feasibility Study (PFS). The event will feature a presentation by President and CEO Chris Doornbos, followed by a Q&A session. The webinar will begin at 11:00am MT (1:00pm ET, 10:00am PT) and last for approximately 20 minutes, excluding the Q&A. This online session aims to provide investors and other stakeholders with detailed insights into the PFS findings, enhancing transparency and engagement.