E3 Lithium Provides Overview of Saskatchewan Lithium Assets

E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3 Lithium” or “the Company,” Alberta’s leading lithium developer and extraction technology innovator, today provides an overview of its ownership of strategic assets in Saskatchewan, Canada.

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Saskatchewan Map (Graphic: Business Wire)

Saskatchewan Assets Overview

E3 Lithium owns mineral permits to approximately 258 sections, or 66,800 hectares, in southeast Saskatchewan, which secure the exploration and development rights to the subsurface lithium in brine resource located in the Duperow Formation. E3 Lithium’s contiguous land position, outlined in the map below, is approximately 15 kilometres north of the U.S. border.

E3 Lithium’s lands sit strategically in the center of the Estevan area, surrounded by land held by other leading Saskatchewan lithium explorers. The lithium exploration near E3 Lithium’s land holding has seen recent positive advancements, including resource updates, lithium sampling and reservoir testing. The lithium concentrations in the Duperow are reported to be as high as 191 mg/L. Recent business activity in the area demonstrated project valuations between $40 million to $70 million.

While E3 Lithium continues to prioritize the development of its Clearwater Project in Alberta, the strategic land position in Saskatchewan demonstrates the Company’s interest in leveraging its expertise to generate value for shareholders. E3 Lithium has held this land since 2021 and has been following the developments in the area. Given the recent strong interest in the area, the Company will evaluate the best path forward with the intent to unlock and maximize value from this strategic asset.

“Securing mineral permits in Saskatchewan has enabled E3 Lithium to hold a central land position in a new and developing lithium region,” said Chris Doornbos, President and CEO of E3 Lithium. “Our focus will remain on our world-class core assets in Alberta as we actively pursue value for our Saskatchewan asset.”

E3 Lithium Engages Meadowbank Strategic Partners to provide investor relations services

Subject to regulatory approval, effective September 15, 2023, E3 Lithium has engaged Meadowbank Strategic Partners Inc. (Meadowbank) to provide investor relations support services in accordance with TSX Venture Exchange TSXV policies. Meadowbank will assist with expanding investor awareness of E3 Lithium’s business and actively communicating with the investment community.