E3 Lithium Outlines 2024 Corporate Guidance and its Plans to Advance the Clearwater Project

E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3 Lithium” or the “Company,” a leader in Canadian lithium, is pleased to share its plans for the upcoming year. The Company made significant progress in 2023 on the path for producing commercial lithium in Alberta. Looking ahead into 2024, E3 Lithium’s primary focus remains on advancing the Clearwater Project to commercial operations. The milestones it will achieve in 2024 will establish its project as one of the few advanced stage lithium developments in Canada and North America. In addition to the Clearwater Project, the magnitude of E3 Lithium’s resources enables the Company to unlock the potential of the significant land package throughout 2024 across its permit areas.

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E3 Lithium's Alberta Assets (Graphic: Business Wire)

Going into 2024, E3 Lithium maintains a strong financial position. In the current market conditions, E3 Lithium has positioned itself to continue accelerating a path forward to producing first commercial lithium from its significant resources in South-Central Alberta.

“E3 Lithium had a very successful 2023 by progressing all core aspects of our business, putting us in position to deliver ambitious targets in 2024 moving us closer to first commercial lithium,” said Chris Doornbos, President and CEO of E3 Lithium. “The achievement of this year’s goals will mark a fundamental shift in our business, one that sees us move from a technology and resource developer to a commercialization company on a clear and demonstrated pathway to operations.”

E3 Lithium is focusing on the following goals in 2024.

Progressing the Clearwater Project Towards Commercial Operations
E3 Lithium’s Clearwater Project is the Company’s primary focus for its first commercial lithium facility, located in South-Central Alberta. The milestones the Company will achieve in advancing its development this year, including progressing engineering studies and commercial permitting, will establish the Clearwater Project as one of the few advanced stage lithium projects in Canada and North America. The PFS for the Clearwater Project represents a monumental milestone for Canadian lithium brines as it results in the booking of reserves.