The Game-Changing Extraction Technology That Could Change World’s Lithium-Powered Future

On behalf of E3 Lithium Ltd

Over the last few years, everyone has been jumping on the lithium bandwagon as electric vehicle demand steadily rises…

But few truly understand how to spot the most exciting (and tangible) opportunities in the lithium market.

You see, the lithium space is very different from the gold or copper markets, where lithium grade quality is king.

While most investors are focusing on how high the grades are at lithium projects, they’re missing out on the bigger picture.

We’re talking about Lithium Extraction.

No lithium extraction = No batteries = No EVs.

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It doesn’t matter how high the grades are at a lithium mining project – if it can’t be economically extracted, it’s basically useless.

New mines can face a ton of hurdles but the biggest challenge for lithium deposits is extraction.

Take the Salton Sea discovery in Lithium Valley. It’s so significant it could meet all of America’s lithium needs and 40% of the world’s demand.

But environmental concerns, including water usage and effects on the Colorado River, pose challenges.

Traditional methods like open-pit mining or evaporation ponds strain agriculture and drive up costs, while high-grade deposits like spodumene and lithium-rich brines require complex, resource-heavy processes such as high-temperature calcination and lengthy evaporation.

This is where Direct Lithium Extraction technology (DLE) comes into play. It’s a revolutionary method that outperforms the traditional salt brine process, both in efficiency and time.

DLE offers a much more eco-friendly approach to lithium mining, eliminating the need for resource-intensive practices that produce chemical waste and worsen climate change.

There’s a reason Goldman Sachs is calling DLE a “game-changing technology” that could accelerate lithium extraction and increase recovery rates.

The recent surge in M&A activity, such as Rio Tinto’s $6.7 billion blockbuster acquisition of a leading lithium developer, highlights how the big players are positioning themselves to secure future supply.

And with global lithium demand expected to increase nearly 500% by 2050 DLE is the key to meeting this massive uptick.

Up North in Canada, E3 Lithium (TSXV:ETL) (OTCQX:EEMMF) is spearheading this revolutionary advancement in lithium extraction and is aiming to become one of Canada’s first producers utilizing groundbreaking DLE technology to extract lithium from brine.

image5 The Game-Changing Extraction Technology That Could Change World’s Lithium-Powered Future
Source: E3 Lithium/Depositphotos

The company’s pilot plant’s results are turning heads. With more than C$32 million in government support, including a C$1.8 million grant from Alberta Innovates⁵ and over C$30 million in additional funding raised in 2023, E3 Lithium is primed to make major waves in the space in 2024.

The Canadian government isn’t the only supporter of E3 Lithium (TSXV:ETL) (OTCQX:EEMMF). The company also has support from heavy hitters like Imperial Oil and Pure Lithium (more on that later).

Unlocking Domestic Lithium Supply with Groundbreaking Technology

Right now, most of the global lithium supply comes from outside of North America.

North America may be rich in lithium deposits, but it’s doing poorly in production.

The US produces less than 2% of the world’s annual supply.⁶

The only producing mine in the country, Nevada’s Silver Peak is only producing a modest 5,000 tons a year⁷. A drop in the global demand ocean.

Fortunately, Lithium Valley has become an attractive location for major energy companies exploring advanced mining techniques to solve these problems, especially a process known as Direct Lithium Extraction (DLE).

Canada just increased its EV commitment, announcing new regulations that require all new vehicles to be zero emissions by 2035.¹⁰

To add fuel to the fire, the Canadian and US government is slapping 100% tariffs on Chinese-made EVs.

All of this is making Canadian-based lithium companies like E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) even more valuable.

E3 Lithium is continuing to gain momentum, knocking down milestone after milestone in 2023 on its accelerated path to commercialization, and 2024 is shaping up to be another big year.

The company upgraded its Alberta-based lithium resource to an impressive image7 2 The Game-Changing Extraction Technology That Could Change World’s Lithium-Powered Future 16 million tonnes (Mt) of Measured and Indicated (M&I) LCE.

This upgrade makes E3’s property the largest M&I lithium resource in all of Canada, 5X more than Canada’s other M&I resources.

In June, E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) completed a major milestone in its 2024 plan by completing a Pre-Feasibility Study (PFS), which outlines the detailed process to produce battery grade lithium hydroxide and confirms the first lithium brine proven mineral reserves in Canada.

Highlights on the Pre-Feasibility Study (PFS):

- - Initial production: 32,250 tonnes per annum Lithium Hydroxide Monohydrate (LHM)
  - 50-year operating life: covers only a portion of the total Bashaw District
  - Reserves: 29 Mt of LHM Proven & Probable lithium mineral reserve (1.14 Mt LCE) from the total Bashaw District of 18.4 Mt of LHM Measured and Indicated mineral resource (16.2 Mt LCE) located in the Leduc Reservoir
  - Strong Project Economics: After-tax NPV $3.72 Billion with a 24.6% IRR at an 8% discount rate (pre-tax NPV₈ of $5.18 Billion with a 29.2% IRR) using Benchmark Mineral Intelligence’s (BMI) LHM price forecast
  - Initial Capital Expenditure (CAPEX): $2.47 Billion includes water recycling and contingency
  - Initial Operating Costs (OPEX): $6,200 per tonne LHM provide for a long life and robust project fundamentals
  - Sustainably produced lithium: Process water for the operation will be sourced from recycling and make-up water from waste brine stream, smaller surface footprint relative to conventional lithium production4 with potential plant emissions of 1.9 tonnes CO₂e/tonne LHM.

image2 3 The Game-Changing Extraction Technology That Could Change World’s Lithium-Powered Future

As you can see, the PFS positions E3 Lithium’s Clearwater Project as a sustainable source of lithium in the stable and reliable jurisdiction of Alberta.

E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) also built and operated its DLE field pilot plant, exceeding all KPIs for lithium concentration, contaminant rejection and flow rates.

The company then successfully produced battery-quality lithium hydroxide monohydrate (LHM) with a purity level of 99.78%.¹⁶

In short, E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) has been on a serious roll and is showing no signs of slowing.

The company just rolled out its 2024 plan to advance the Clearwater Project towards commercial operations which includes huge milestones like progressing engineering studies, advancing commercial permitting, and releasing the NI 43-101 report.

Before we dive deeper into everything E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) has to offer, let’s talk a little bit about lithium grades…

Why Grade Isn’t Everything

As we mentioned earlier, lithium grades don’t necessarily dictate how successful a project will be.

Unlike gold or copper, where higher grades usually translate to higher profits, lithium projects depend on a variety of factors beyond just grade.

High-grade lithium does not automatically mean a feasible project due to several reasons:

1. 1. Complex Processing Requirements: lithium deposits often require costly processing techniques, increasing operational costs.
  2. Geological and Technical Challenges: Extracting lithium can be technically challenging due to complex geology, leading to delays and higher costs.
  3. Capital Intensity: Lithium projects require substantial upfront investment. Unexpected expenses can make high-grade projects financially unviable.
  4. Market Volatility: Lithium prices are highly volatile. Projects based on high-grade deposits can suffer if market conditions change unfavorably.
  5. Regulatory and Environmental Hurdles: Lengthy permitting processes and environmental compliance can add significant costs and delays.

Nemaska Lithium’s Whabouchi mine in Quebec, Canada, serves as a prime example. Despite its high-grade lithium deposits, the project faced numerous challenges including high operating costs, capex overruns, technical difficulties, fluctuating lithium prices and eventually, debt issues.

Zimbabwe is a prime example of how high-grade lithium deposits don’t always translate to straightforward success. Despite having high-grade spodumene deposits (about 6.7 grams per metric ton, compared to the global average of 5.5 g/mt), the country’s lithium extraction and production face significant challenges.¹⁷

The complex chemical processes required for lithium extraction can lead to quality problems if not managed properly, as evidenced by past issues in Australian lithium mines where initial extraction led to poor quality batteries.¹⁸

That’s why E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) stands out.

E3 Lithium processes differently by using advanced DLE technology, which is designed to be scalable and more efficient than traditional mining and processing methods.

On top of that, operating in the well-regulated and geologically stable region of Alberta, E3 Lithium benefits from a supportive regulatory environment, ensuring smoother project execution and sustainability.

And that’s just the tip of the iceberg. Let’s take a look at some of the reasons why E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) is an absolute game-changer in the lithium supply race.

7 Reasons E3 Lithium Ltd.

(TSXV:ETL) (OTCQX:EEMMF) May Be a Lithium Production Game Changer

Lithium Demand is Booming: With EVs and tech driving soaring demand, the world is racing to secure lithium amidst a looming supply shortage.

Major Inflection Point Reached: E3 Lithium successfully produced 99.78% pure battery quality Lithium Hydroxide Monohydrate (LHM).

Flagship Asset with Globally Significant Resource: With 16 Mt of Measured and Indicated (M&I) LCE on the books,¹⁹ E3 Lithium (TSXV:ETL) (OTCQX:EEMMF) has the largest M&I LCE resource in Canada. This only entails about 70% of the company’s entire permit area.

Aiming for a sustainable Extraction Process: 100% brine aquifer reinjection and a small land footprint makes the company’s DLE process a potential monumental game changer in the lithium space.

Strong Financial Backing and Government Support: E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) has received over C$32 million in non-dilutive investments from the Province of Alberta and the Government of Canada,^20,21 The company also raised close to C$30 million in the capital markets in 2023 alone.

World-Class Jurisdiction: Leveraging the “Alberta Advantage,” E3 operates in a resource-rich, industry-friendly region with over 600,000 hectares of brine permits.²²

Strong Leadership Team: With 150+ years of combined experience, E3’s team includes industry veterans like Peter Ratzlaff, with 30 years of experience in engineering and production/operations at companies like ConocoPhillips and Independent director Kevin Stashin, a 40-year oil and gas industry vet with experience at Devon Canada Corp, Anderson Exploration, and Petro-Canada.

image11 1 The Game-Changing Extraction Technology That Could Change World’s Lithium-Powered Future

E3 Lithium (TSXV:ETL) (OTCQX:EEMMF) on the Fast Track to Commercial Production

E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) is setting a new standard in the lithium production landscape as it targets commercial production.

Diverging from traditional methods like evaporation ponds or hard rock mining used by companies like Albemarle and Lithium Americas, E3 Lithium leverages Direct Lithium Extraction (DLE) technology.

According to a 2023 report from Goldman Sachs:
“Direct Lithium Extraction (DLE) has the potential to significantly impact the lithium industry, with implementation on the extraction of lithium brines potentially revolutionary to production/capacity, timing, and environmental impacts/permitting.”²³

This technology, along with E3’s large resource base and strategic location, is highlighted in their Preliminary Economic Assessment (PEA)²⁴ for its Clearwater Project area in Alberta, suggesting an advantageous position for lithium development.

Not to mention, E3 Lithium Ltd.’s (TSXV:ETL) (OTCQX:EEMMF) resource is among the Top 4 LCE Resources in the World.²⁵

In total, E3’s resources cover just 69% of the company’s permit area in south-central Alberta.

image3 4 The Game-Changing Extraction Technology That Could Change World’s Lithium-Powered Future

But what makes E3 Lithium’s (TSXV:ETL) (OTCQX:EEMMF) resource really stand out, is how it’s somehow flying under the radar of the market.

How so?

Well, for starters, E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) is aiming for production on a similar schedule as Lithium America’s Thacker Pass chemical processing plant’s go-live date.²⁶

It’s worth noting that both Lithium America’s Thacker Pass and E3’s Clearwater Project have similar resource sizes; with 16.1 Mt and 16.0 Mt respectively in the Measured & Indicated category.²⁷

Press Releases

Meanwhile, the market is also giving attention to Standard Lithium’s flagship Smackover Projects located in Southern Arkansas near the Louisiana border.

Much like E3’s Clearwater, the Smackover Projects are set to use a fully integrated, start to finish, DLE process.

E3 Lithium’s (TSXV:ETL) (OTCQX:EEMMF) DLE process offers significant advantages over conventional methods. This efficient process recovers lithium in minutes instead of months, drastically reducing the time for production.

All the while, the market is giving E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) a valuation that’s significantly lower than both Standard Lithium and Lithium Americas.

1 The Game-Changing Extraction Technology That Could Change World’s Lithium-Powered Future

But as E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) works its way towards production, the market will have no choice but to pay closer attention to this exciting company.

And to sweeten the pot further, E3 has a clean share structure and strong funding, having received over C$32 million in government grants and raised close to C$30 million in 2023.

image6 2 The Game-Changing Extraction Technology That Could Change World’s Lithium-Powered Future

Additionally, a significant investment of $6.35M from Imperial Oil (Canada’s second largest oil company, and majority-owned by ExxonMobil) into E3’s pilot project in Alberta’s Leduc oilfield further strengthens their standing.

In May, E3 Lithium and Imperial Oil agreed to increase access to additional freehold lands across the Clearwater Area. E3 also extended the term of the warrants for an additional 12 months, allowing the company to maintain a strong partnership with Imperial.³⁰

E3 Lithium Ltd.’s (TSXV:ETL) (OTCQX:EEMMF) unique approach and solid financial backing distinctly position it in the competitive lithium market, poised for success as it approaches its commercial production phase.

image4 3 The Game-Changing Extraction Technology That Could Change World’s Lithium-Powered Future

Clearwater’s Significant Potential

E3 Lithium’s (TSXV:ETL) (OTCQX:EEMMF) Clearwater project isn’t just impressive in scale, it’s progressing steadily along the milestones to commercialization.

Following the PFS, E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) plans an exhaustive Feasibility Study (FS), obtaining regulatory approvals, and securing project finance arrangements.

These steps are crucial for the construction of its pioneering commercial facility in Alberta, which when in operation is surely set to transform the lithium production landscape.

E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) is advancing beyond mere lithium extraction. It aims to redefine industry standards, fuel sustainable energy advancements, and catalyze Alberta’s economic progress.

With its pioneering approach and meticulous planning, E3 Lithium is on track to emerge as a key player in the global lithium market.

Breakthrough Direct Lithium Extraction Technology

In the heart of Canada’s petroleum landscape in the province of Alberta, E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) is redefining the future of lithium production with the results from field testing ground-breaking Direct Lithium Extraction (DLE) technology.

DLE utilizes a proprietary sorbent, designed to be highly selective towards lithium ions, ensuring an efficient and effective extraction process.

DLE technology has been rigorously tested at E3 Lithium’s (TSXV:ETL) (OTCQX:EEMMF) pilot plant within the Clearwater Project Area. Here, the company has achieved remarkable milestones, significantly advancing the lithium extraction process.

image10 1 The Game-Changing Extraction Technology That Could Change World’s Lithium-Powered Future

In November, the completion of the project’s field pilot test was a pivotal moment³¹, demonstrating E3 Lithium’s capability to unlock the true value of its lithium resources. This milestone significantly de-risks the commercial design and sets a solid foundation for future developments.

One of the most impressive outcomes achieved at E3 Lithium Ltd.’s (TSXV:ETL) (OTCQX:EEMMF) field pilot plant, which came from one test run, include:³²

- - 94% lithium recovery
  - 1% and 909.0 mg/L lithium grade in the lithium product stream
  - Flow rate ratio of 9

The company measured the success of the field pilot plant against the KPIs below, outlining their significance:

image8 3 The Game-Changing Extraction Technology That Could Change World’s Lithium-Powered Future

In addition to these technical achievements, E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) has produced 99.78% pure battery-quality lithium.³³ This level of purity is critical for the high demands of the battery industry and showcases E3 Lithium’s commitment to delivering top-tier products.

E3 Lithium is also strengthening its position through strategic partnerships, collaborating with top-tier equipment vendors to refine its advanced processes for full-scale commercial operation. Industry powerhouse Fluor has been enlisted to lead the

Pre-Feasibility Study (PFS) for the commercial project, ensuring that every step towards commercialization is guided by expertise and innovation.³⁴

In a significant collaboration, E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) partnered with Pure Lithium to create a successful lithium metal battery using lithium from its resources. This collaboration is not just about producing lithium; it’s about demonstrating the practical application of their product.

E3 Lithium’s advancement in DLE technology, combined with its strategic location in Alberta, marks a new era in lithium production. The company’s innovative approach, backed by strong partnerships and technical excellence, sets it on a path to becoming a leading name in the global lithium market.

With these achievements, E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) is not just extracting lithium; it is shaping the future of energy.

image1 3 The Game-Changing Extraction Technology That Could Change World’s Lithium-Powered Future

RECAP

7 Reasons E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) is a Major Player in the Lithium Market

Lithium Market Boom: High demand for EVs and tech batteries leads to lithium shortage.

Pure Lithium Hydroxide Production2: E3 Lithium achieved 99.78% purity in Lithium Hydroxide Monohydrate.

Significant Lithium Resource: Canada’s largest Measured and Indicated LCE resource at 16 Mt

Innovative, ESG-Friendly Technology: 100% brine aquifer reinjection, minimal land impact.

Robust Funding: Over C$32 million in non-dilutive investments, plus close to C$30 million raised in 2023.

Prime Location in Alberta: Over 600,000 hectares of brine permits in a well-established oil and gas region.

Experienced Leadership Team: Over 150 years of collective experience in emerging technologies and resource management.

As you’ve now seen, E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF) is at the forefront of revolutionizing lithium production.

With the largest Measured and Indicated lithium resource in Canada, this company is poised to play a pivotal role in the energy sector.

Discover more about E3 Lithium Ltd. (TSXV:ETL) (OTCQX:EEMMF), its innovative approaches, and how this company is shaping the future of lithium production at their official website.

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footnotes:
[1] https://www.cnbc.com/2022/05/04/the-salton-sea-could-produce-the-worlds-greenest-lithium.html [2] https://www.wionews.com/world/scientists-find-massive-540bn-lithium-deposit-at-bottom-of-us-lake-and-this-could-be-a-real-game-changer-670633 [3] https://www.goldmansachs.com/intelligence/pages/gs-research/direct-lithium-extraction/report.pdf [4] https://documents1.worldbank.org/curated/en/207371500386458722/pdf/117581-WP-P159838-PUBLIC-ClimateSmartMiningJuly.pdf [5] https://www.e3lithium.ca/newsroom/news-releases/e3-lithium-receives-final-alberta-innovates-payment-successfully-completing-its-1-point-8m-grant [6] https://www.instituteforenergyresearch.org/renewable/lithium-mining-in-north-america/ [7] https://www.instituteforenergyresearch.org/renewable/lithium-mining-in-north-america/ [9] https://www.defense.gov/News/Releases/Release/Article/3522657/dod-enters-agreement-to-expand-domestic-lithium-mining-for-us-battery-supply-ch/ [10] https://www.canada.ca/en/environment-climate-change/news/2023/12/canadas-electric-vehicle-availability-standard-regulated-targets-for-zero-emission-vehicles.html [11] https://www.newswire.ca/news-releases/e3-lithium-receives-27m-investment-from-the-government-of-canada-s-strategic-innovation-fund-835770314.html [12] https://e3lithium.ca/newsroom/news-releases/e3-lithium-awarded-35m-in-funding-from--government-of-canada [13] https://www.e3lithium.ca/newsroom/news-releases/e3-lithium-announces-160-million-tonnes-measured-and-indicated-resource-upgrade The resource estimate was completed by E3’s multi-disciplinary team and overseen by Daron Abbey, P. Geo and Alex Haluszka, P. Geo of Matrix Solutions Inc. acting as the Qualified Person (QP) required by National Instrument 43-101 (NI 43-101) standards [14] https://natural-resources.canada.ca/our-natural-resources/minerals-mining/minerals-metals-facts/lithium-facts/24009 [15] https://www.e3lithium.ca/newsroom/news-releases/e3-lithium-outlines-clearwater-project-pre-feasibility-study-and-confirms-lithium-reserves The persons who will author the Technical Report include: Daron Abbey, M.Sc., P. Geo of Matrix Solutions Inc; Alex Haluszka, M. Sc., P. Geo of Matrix Solutions Inc; Meghan Klein, P. Eng, of Sproule Associates Limited; Antoine Lefaivre, P. Eng, of Sedgman; and Keith Wilson, P. Eng., of Stantec Inc [16] https://www.e3lithium.ca/newsroom/news-releases/e3-lithium-produces-battery-quality-lithium-hydroxide-monohydrate-with-purity-of-9978 [17] https://www.e-mj.com/news/africa/zimbabwe-holds-potential-lithium-deposits/ [18] https://www.e-mj.com/news/africa/zimbabwe-holds-potential-lithium-deposits/ [19] https://www.e3lithium.ca/newsroom/news-releases/e3-lithium-announces-160-million-tonnes-measured-and-indicated-resource-upgrade The resource estimate was completed by E3’s multi-disciplinary team and overseen by Daron Abbey, P. Geo and Alex Haluszka, P. Geo of Matrix Solutions Inc. acting as the Qualified Person (QP) required by National Instrument 43-101 (NI 43-101) standards [20] https://www.newswire.ca/news-releases/e3-lithium-receives-27m-investment-from-the-government-of-canada-s-strategic-innovation-fund-835770314.html [21] https://e3lithium.ca/newsroom/news-releases/e3-lithium-awarded-35m-in-funding-from--government-of-canada [22] https://boereport.com/2022/01/26/a-deeper-dive-into-albertas-lithium-natural-gas-connection/ [23] https://d1e00ek4ebabms.cloudfront.net/production/uploaded-files/Lithium_redacted-5c724b64-a6a2-4863-9ccb-ddcd92b56ed8.pdf [24] https://www.e3lithium.ca/_resources/reports/technical/20210917-NI43-101-PEA-Report-Amended-Final.pdf?v=0.484?v=0.281?v=0.547?v=0.691?v=0.617?v=0.700?v=0.209?v=0.074 [25] https://www.mining.com/featured-article/ranked-worlds-largest-clay-and-hard-rock-lithium-projects-2/ [26] https://www.rgj.com/story/news/2023/07/06/12-questions-about-lithium-americas-2-3-billion-thacker-pass-project/70375132007/ [27] https://www.e3lithium.ca/newsroom/news-releases/e3-lithium-announces-160-million-tonnes-measured-and-indicated-resource-upgrade The resource estimate was completed by E3’s multi-disciplinary team and overseen by Daron Abbey, P. Geo and Alex Haluszka, P. Geo of Matrix Solutions Inc. acting as the Qualified Person (QP) required by National Instrument 43-101 (NI 43-101) standards [28] https://www.standardlithium.com/investors/company-information [29] https://lithiumamericas.com/thacker-pass/overview/default.aspx [30] https://www.e3lithium.ca/newsroom/news-releases/e3-lithium-and-imperial-oil-agreement-update [31] https://www.e3lithium.ca/newsroom/news-releases/e3-lithium-completes-initial-field-pilot-plant-tests-and--shares-results-against-kpis [32] https://www.e3lithium.ca/our-assets/field-pilot-plant/ [33] https://www.businesswire.com/news/home/20231031841971/en/E3-Lithium-Produces-Battery-Quality-Lithium-Hydroxide-Monohydrate-With-Purity-of-99.78 [34] https://www.e3lithium.ca/newsroom/news-releases/e3-lithium-selects-fluor-to-lead-its-pre-feasibility-study

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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding E3 Lithium Ltd.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to E3 Lithium Ltd.’s industry; (b) market opportunity; (c) E3 Lithium Ltd.’s business plans and strategies; (d) services that E3 Lithium Ltd. intends to offer; (e) E3 Lithium Ltd.’s milestone projections and targets; (f) E3 Lithium Ltd.’s expectations regarding receipt of approval for regulatory applications; (g) E3 Lithium Ltd.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) E3 Lithium Ltd.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute E3 Lithium Ltd.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) E3 Lithium Ltd.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) E3 Lithium Ltd.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of E3 Lithium Ltd. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) E3 Lithium Ltd.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact E3 Lithium Ltd.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing E3 Lithium Ltd.’s business operations (e) E3 Lithium Ltd. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, E3 Lithium Ltd. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does E3 Lithium Ltd. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither E3 Lithium Ltd. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of E3 Lithium Ltd. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of E3 Lithium Ltd. or such entities and are not necessarily indicative of future performance of E3 Lithium Ltd. or such entities.

8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation.

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