E3 Lithium Plans for Significant Growth in 2024 on the Back of a Successful 2023 - Seite 2

2024 Growth Plans

In the first part of 2024, E3 Lithium looks to progress all aspects of its business towards delivering its first commercial facility. Detailed guidance will be available in the New Year to outline the full year’s deliverables:

• Reservoir development: Among other reservoir development activities, E3 Lithium looks forward to booking Canada’s first lithium-in-brine reserves in 2024 as part of the PFS.
• DLE advancement: The Company is continuing with DLE testing and analysis and will select the technology for its first commercial facility. This selection will be based on technical performance, economics and commercial readiness.
• Downstream flowsheet progression: In 2024, E3 Lithium plans to announce its selection of an established lithium refining vendor and continue to progress flowsheet development, production of LHM and relationship-building with potential off-takers.
• PFS completion: E3 Lithium aims to release its NI 43-101, the national standard PFS document, in the first part of 2024. This report will outline the engineering and design details for the first commercial facility, including plant capacity, and will include an updated schedule and Class IV cost estimate. The Company will kick off the regulatory and permitting processes necessary to move to construction of the commercial facility.
• Commercial activities: The Company plans to expand its team to support the increase in its commercial activities and the opportunities post the success of the PFS.

2024 Guidance and Company Webinar

Early in 2024, E3 Lithium will provide detailed guidance of its plans for the year and the milestones shareholders and other important stakeholders can expect the Company to deliver. Interested parties will be invited to hear more about these plans via a webinar with Chris Doornbos, President and CEO.

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.