E3 Lithium Receives Final Alberta Innovates Payment, Successfully Completing Its $1.8M Grant

E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3 Lithium” or the “Company,” a leader in Canadian lithium, is pleased to announce it has received the final progress payment of $375,000 from Alberta Innovates, which was part of a larger $1.8MCAD non-repayable grant awarded in 2021.

The Alberta Innovates grant supported the development and demonstration of Direct Lithium Extraction (DLE) technology on E3 Lithium’s Leduc brines, including the scale up from lab prototype to the Field Pilot Plant the Company operated in 2023 with successful results. Through the support of Alberta Innovates, E3 Lithium has successful de-risked the commercial viability of its brines and has selected a DLE and flowsheet for its first commercial facility that outlines the most viable path to commercial operations.

“The funding we received from Alberta Innovates was instrumental in enabling E3 Lithium to demonstrate DLE at pilot scale, supporting the development of our lithium asset in Alberta towards commercialization,” said Chris Doornbos, President and CEO of E3 Lithium. “We are very excited about the next steps for E3 Lithium with the hard work of demonstrating and selecting technology now complete.”

Since the successful operation of the 2023 Field Pilot Plant, E3 Lithium has been focusing on completing advanced engineering studies, progressing its consultation and permitting programs and continuing discussions with offtake customers as it advances towards commercial construction and operation.

“Alberta Innovates advances clean resource technologies to grow and diversify industries in the province and protect the environment. E3’s direct lithium extraction technology is part of that development pathway. This milestone is an important step for the company as well as demonstrating the value of our innovation ecosystem overall,” said Laura Kilcrease, CEO of Alberta Innovates.

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.