E3 Lithium Successfully Completes the Pilot Project Funded by NRCan and Receives Final Payment
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.
- Successful completion of all milestones in the NRCan-funded Pilot Project
- Received final payment of $354,000, completing the $3.5 million contribution from CMRDD program
- Demonstrated high lithium recovery from brines with high flow rates using DLE technology
- Pre-Feasibility Study confirmed economic viability of the Clearwater Lithium Project
- Advancing plans to construct a Demonstration Facility for battery-grade lithium carbonate production
- None.
E3 Lithium successfully demonstrated DLE technology at scale, achieving high lithium recovery from brines with high flow rates. The pilot project provided essential data incorporated into the recently released Pre-Feasibility Study (PFS), confirming the economic viability of the Clearwater Lithium Project in
“We are grateful for NRCan’s support as we progress towards commercializing lithium production right here in Alberta,” said Chris Doornbos, President and CEO of E3 Lithium. “This investment played an important role in de-risking the technology aspect of the project. Through the Pilot project, we achieved our key milestones and advanced the commercial viability of our DLE flowsheet. We are grateful for the support towards enabling lithium production from Alberta’s vast lithium potential.”
“The investment of
Building on its success, E3 Lithium is advancing its strategic plan to construct a Demonstration Facility that will produce battery-grade lithium carbonate. This next advancement will lay the groundwork for a commercial lithium facility, positioning
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 Indicated 1 as well as 0.9 million tonnes LCE Inferred mineral resources2 in
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
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.
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E3 Lithium - Investor and Media Relations
Alexis de la Renaudiere
Investor Relations
investor@e3lithium.ca
587-324-2775
Source: E3 Lithium Ltd.
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