E3 Lithium Files First Quarter 2024 Financial Statements and MD&A

Rhea-AI Summary

E3 Lithium (OTCQX: EEMMF) released its unaudited condensed consolidated interim financial statements and Management’s Discussion and Analysis (MD&A) for Q1 2024. The documents are accessible on SEDAR+ and the company's website. The report highlights the company's financial health and operational performance, important for investors and stakeholders.

Positive

• Filed unaudited financial statements for Q1 2024, indicating transparency.
• Management’s Discussion and Analysis (MD&A) available for comprehensive insights.
• Maintained presence on multiple stock exchanges: TSXV, FSE, and OTCQX.

Negative

• Unaudited nature of the financial statements may raise concerns about accuracy.
• Lack of detailed financial data and key performance metrics in the PR.
• No mention of revenue, earnings, or guidance figures which are critical for investors.

CALGARY, Alberta--(BUSINESS WIRE)-- E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3 Lithium” or the “Company,” a leader in Canadian lithium, today filed its Unaudited Condensed Consolidated Interim Financial Statements for the first quarter of 2024 and the accompanying Management’s Discussion and Analysis (“MD&A) on its SEDAR+ profile at www.sedarplus.ca. The financial statements and MD&A will also be available on E3 Lithium’s website at www.e3lithium.ca.

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 16.0 million tonnes of lithium carbonate equivalent (LCE) Measured and Indicated and 0.9 million tonnes LCE Inferred mineral resources¹ in Alberta. As outlined in E3’s Preliminary Economic Assessment, the Clearwater Lithium Project has an NPV8% of USD 1.1 Billion with a 32% IRR pre-tax and USD 820 Million with a 27% IRR after-tax¹. 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 Preliminary Economic Assessment (PEA) for the Clearwater Lithium Project NI 43-101 technical report is amended Sept 17, 2021. Gordon MacMillan, P.Geol, QP, Fluid Domains Inc. and Grahame Binks, MAusIMM, QP (Metallurgy), formerly of Sedgman Canada Limited (Report Date: June 15, 2018, Effective Date: June 4, 2018 Amended Date: September 17, 2021). The mineral resource NI 43-101 Technical Report for the North Rocky Property, effective October 27, 2017, identified 0.9Mt LCE (inferred). The mineral resource NI 43-101 Technical Report for the Bashaw District Project, effective March 21, 2023, identified 16.0Mt LCE (measured & indicated). All reports are 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. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking 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, competitive risks and the availability of financing, as described in more detail in our recent securities filings available 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240524959268/en/

E3 Lithium - Investor and Media Relations

Chris Doornbos

President & CEO

investor@e3lithium.ca

587-324-2775

Source: E3 Lithium Ltd.

FAQ

What did E3 Lithium file for Q1 2024?

E3 Lithium filed its unaudited condensed consolidated interim financial statements and Management’s Discussion and Analysis (MD&A) for the first quarter of 2024.

Where can I access E3 Lithium’s Q1 2024 financial statements?

The financial statements and MD&A can be accessed on SEDAR+ and the E3 Lithium website.

What is the stock symbol for E3 Lithium?

E3 Lithium trades under the symbol EEMMF on the OTCQX, ETL on TSXV, and OW3 on FSE.

Why is the unaudited nature of financial statements important?

Unaudited financial statements may lack the accuracy and reliability of audited ones, potentially affecting investor confidence.