E3 Lithium Ltd. (TSXV: ETL,OTC:EEMMF) (FSE: OW3) (OTCQX: EEMMF), “E3”, “E3 Lithium” or the “Company”, a leader in Canadian lithium, has commenced construction of its Phase 2 demonstration facility, located east of the town of Olds, Alberta in E3 Lithium’s Clearwater Project Area. Since the approval of the required permits from the Alberta Energy Regulator announced on September 11, 2025, the Company has progressed with preparation activities and is actively assessing the site for readiness for the planned drilling program as part of Phase 2 of the demonstration facility.
This press release contains multimedia. View the full issue here: https://www.businesswire.com/news/home/20251021588934/en/
The rig construction work includes road access improvements, rig construction and environmental and safety preparations prior to mobilizing the rig to site. As is standard for drilling and operations in Alberta, and as part of E3’s commitment to best environmental practices, topsoil and subsoil are removed from the site and stored on either side (see photos below). Once the planned works on this site are completed, the site will be reclaimed. The disturbed soil is put back into place and the site is returned to its original purpose.
E3 Lithium expects the drilling rig to be mobilized to the site in the coming weeks. The wells to be drilled are an important part of Phase 2 of the demonstration facility as data collected during testing will confirm the flow rates and reservoir characteristics of the Leduc Reservoir. Production data will be used to further inform the well schedule and gathering and gas processing system for E3 Lithium’s planned commercial facility.
“Starting drill site preparation is an important step toward Phase 2 of the demonstration facility,” said Chris Doornbos, president and CEO of E3 Lithium. “Our team is focused on executing this program safely and efficiently, with a strong commitment to environmental stewardship. We look forward to providing further updates as drilling commences.”
E3 Lithium continues to work closely with local stakeholders, landowners and regulators to ensure operations are conducted responsibly and in accordance with industry best practices.
ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos, President, CEO & Chairman
E3 Lithium Ltd.
About E3 Lithium
E3 Lithium is a development company with a total of 21.2 million tonnes of lithium carbonate equivalent (LCE), measured and indicated 1 as well as 0.3 million tonnes of LCE inferred mineral resources 2 in Alberta and 2.5 million tonnes of LCE inferred mineral resources 3 in Saskatchewan. The Clearwater Pre-Feasibility Study outlined a proven and probable mineral reserve of 1.13 million tonnes of LCE with a pre-tax NPV (8%) of USD 5.2 billion with an IRR of 29.2% and an after-tax NPV (8%) of USD 3.7 billion with an IRR of 24.6% 1 .
- The Clearwater Project NI 43-101 Pre-Feasibility Study, effective June 20, 2024, is available on E3 Lithium’s website ( www.e3lithium.ca/technical-reports/ ) and SEDAR+ ( www.sedarplus.ca ).
- The Mineral Resource NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate, effective June 25, 2025, identified 5.0 Mt LCE (measured and indicated) and 0.3 Mt LCE (inferred) and will be available on E3 Lithium’s website ( www.e3lithium.ca/technical-reports/ ) and SEDAR+ ( www.sedarplus.ca ) within 45 days of this press release.
- The Technical Report NI 43-101 for the Estevan Lithium District, effective May 23, 2024, identified 2.5 Mt LCE (inferred) and is available on the E3 Lithium website ( www.e3lithium.ca/technical-reports/ ) and SEDAR+ ( www.sedarplus.ca ).
Unless otherwise indicated, Kevin Carroll, P. Eng., Chief Development Officer and a qualified person under National Instrument 43-101, has reviewed and is responsible for the technical information contained in this press release.
Forward-looking and cautionary statements
This press release contains 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 often identified by words such as “believe,” “may,” “will,” “plan,” “expect,” “anticipate,” “estimate,” “intend,” “project,” “potential,” “possible” and similar words that refer to future events and results. Forward-looking statements are based on management’s current opinions, expectations, estimates and assumptions 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 press release contains forward-looking information relating to: the expected timelines for the assembly, testing and commissioning of the demonstration equipment; production, pretreatment, purification, volume reduction and conversion process and characteristics and their expected outcomes; the Company’s expectations regarding the drilling of a production and injection well; the Company’s expectations regarding lithium carbonate production; management’s plans and objectives for the company’s operations at the demonstration facility; and the inherent dangers associated with mineral exploration and mining activities. In preparing the forward-looking information in this press release, the Company has applied various material assumptions, including, but not limited to, that all necessary additional financing will be available on reasonable terms; the exchange rates for the U.S. and Canadian currencies will be consistent with the Company’s expectations; that the current exploration, development, environmental and other objectives relating to the Demonstration Facility can be achieved and that other business activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner and that all necessary government approvals for the planned activities at the demonstration facility will be obtained in a timely manner and on acceptable terms.
All forward-looking information (including forward-looking 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 that have not yet been tested or proven on a commercial scale or on the Company’s brine, risks associated with availability of financing on a commercially reasonable scale. conditions and 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 external contractors; availability of equipment; failure of the equipment to operate as expected; accidents, weather effects and other natural phenomena and other risks associated with the mineral exploration industry; the company’s lack of operating revenue; currency fluctuations; risks associated with dependence on key personnel; estimates used in financial statements that prove to be incorrect; competitive risks and the availability of financing, as described in more detail in our recent securities filings, available under the company profile at CONSCIOUS+ ( www.sedarplus.ca ) . Actual events or results may differ materially from those projected in the forward-looking statements and we caution not to place undue reliance thereon. We undertake no obligation to revise or update these forward-looking statements, except as required by applicable law.
View the source version on businesswire.com: https://www.businesswire.com/news/home/20251021588934/en/
E3 Lithium – Investor Relations
Rob Knowles
investor@e3lithium.ca
587-324-2775
E3 Lithium – Media Questions
External relations
communications@e3lithium.ca
587-324-2775
#Lithium #begins #construction #Phase #demonstration #facility #site #Clearwater