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FINWIRES

E3 Lithium's Top Priority Remains "Accelerated Development" of Its Clearwater Project

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-- The top priority for E3 LITHIUM (ETL.V), a player in Canadian lithium development, remains the accelerated development of its Clearwater Project, with Stage 1 aiming to produce 12,000 tonnes of lithium carbonate per year targeted for 2028-2029, the company said earlier Monday.

"As we accelerate the development of our Clearwater Project to commercialization, we have the scale and significant expansion opportunities within this single asset, which has the brine volume to produce up to 150,000 tonnes of lithium carbonate annually for 50 years," said Chris Doornbos, Chair and CEO. "Our priority and focus remain firmly on Clearwater, however, there is value in exploring strategic opportunities that can create long-term value for E3, including optimizing our lithium asset portfolio and working on battery technology integration. Our goal is to create a pipeline of commercial initiatives for the future of E3 while focusing on our core business of producing battery-grade lithium carbonate at Clearwater."

Shares in ETL were down 1.5% in Canada last Friday.

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