E3 Lithium Completes Initial Field Pilot Plant Tests and Shares Results Against KPIs - Seite 3

Flow rate ratio is the focus for the testing due to its ability to directly impact the relative capital and operating costs of the brine treatment system. The quality of the product stream, quantified by lithium concentration and purity, has a direct impact on the relative size and complexity of the post DLE lithium refining process. Put simply, the more concentrated the lithium, combined with a lower concentration of impurities, the less energy is required to produce a battery grade product. The flow rate ratio has a larger impact on costs relative to the minor increase in impurities across the tests outlined above and is the determining factor for choosing Test 2 for our continued operations.

All results achieved from pilot testing have exceeded E3 Lithium’s expectations as well as all KPIs that have an impact on the design, and therefore, the cost of extracting lithium from E3 Lithium’s brines.

“These results have exceeded our expectations and are extremely encouraging,” said Chris Doornbos, President & CEO of E3 Lithium. “The team is working through the impact of these positive results as we progress the engineering of the facility via our Pre-Feasibility Study. The team continues to operate the pilot to confirm these results and working safely is the highest priority.”

Next Steps

As E3 Lithium has previously outlined it is testing its own DLE technology along with two third-party technologies. The table of results above represent one of the third-party systems. The Company continues to test the E3 Lithium system and is progressing the testing of the second third party system this fall.

Upon completion of the longer operating period currently underway, E3 Lithium is likely to have the data required for its Prefeasibility Study (PFS), Definitive Feasibility Study (DFS) and the detailed engineering and design for its first commercial facility. This longer operation will also produce lithium concentrate for further downstream processing of battery-grade Lithium Hydroxide Monohydrate (LHM).

E3 Lithium will provide details of the DLE system and the downstream equipment vendor selected for its PFS once all data from the pilot operations are compiled and confirmed.

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.