TradingCharts
2 months ago
CALGARY, ALBERTA, March 11, 2024 – E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3 Lithium” or the “Company,” a leader in Canadian lithium, is pleased to announce recent additions to its team to help progress towards commercializing the Clearwater Project and share its upcoming presentation schedule.
Since the beginning of 2024, E3 Lithium has expanded its subsurface team, welcoming a new senior reservoir engineer and transitioning a former E3 Lithium lab employee, who spent the last two years working on Direct Lithium Extraction (DLE) technology and is a Geoscientist in Training, to the team to support resource development. The Company has also welcomed three new employees to corporate functions, including a new executive assistant and head of staff, a financial accountant and a marketing and digital communications specialist, all of whom will help steward the Company’s growth and achievement of upcoming catalysts.
https://e3lithium.ca/newsroom/news-releases/e3-lithium-announces-expansion-of-team-and--presentations-at-upcoming-conferences
TradingCharts
6 months ago
E3 Lithium Ltd EEMMF:OTCQX International
E3 Lithium Disclaims Recent Unsanctioned Promotional
Material
BusinessWire
3:49 PM ET
E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), "E3
Lithium", "the Company," was advised by the OTC Markets
Group Inc. ("OTC Markets") on October 25, 2023 of stock
promotion activity that the Company was previously unaware
of prior to the OTC Markets' notification. E3 Lithium
expressly disclaims, does not approve of, and has had no
involvement in the purported stock promotion.
At the request of the OTC Markets, the
Company will provide clarity regarding samples of
promotional material recently disseminated by
MrPennyStocks.com ("MPS") related to E3 Lithium:
At no time has E3 Lithium engaged MPS to
conduct any services for the Company; E3 Lithium has
not directly nor indirectly (i.e. through third-party
service providers) compensated MPS in any way, nor been
involved with any of the unsanctioned promotional materials.
Any insinuation to the contrary in MPS' material is false
and misleading; E3 Lithium has delivered a "Cease and
Desist" letter to MPS demanding that MPS immediately cease
and desist publication of any material about the Company and
that MPS remove any previously distributed material about E3
Lithium; E3 Lithium has comprehensive policies in
place in respect of its investor and public relations
activities and has previously disclosed all IR service
providers retained by the Company. The Issuer had no
knowledge of the promotional materials until notified by OTC
Markets Issuer Compliance Team, which monitors and enforces
OTC Markets Promotion Policies. As such, the Issuer had no
editorial control over the content; Readers should
not rely on any information contained in the material
distributed by MPS, as none of it is reliable nor reviewed
or approved by the Company.
Additional
information requested:
The Company has
observed no material change to its share price in relation
to the above-mentioned promotional activities.
To the Company's knowledge after inquiry,
no Director, officer, control person, controlling
shareholder (defined as a shareholder owning more than 10%
or more of the Issuer's securities) employee, contractor or
any third-party service provider has any relation to MPS,
nor were the relevant parties involved, directly or
indirectly, with the creation, distribution, or payment of
the MPS promotional materials. Over the past 12 months,
certain directors and officers sold shares totalling
224,500, as announced on October 4, 2023.
Over the past 12 months, the Company has
engaged with the following third-party service providers:
Native Ads Inc. (June 14, 2023), Independent Trading Group
(June 14, 2023), and Meadowbank Strategic Partners Inc.
(September 12, 2023).
The OTC Markets has
further requested that E3 Lithium state whether it has
issued any shares or convertible securities allowing
conversion to equity securities at prices constituting a
discount to current market rate at time of issuance. As
previously announced, the Company issued shares related to
two public offerings in the past 12 months. On June 8, 2023,
the Company closed a "bought deal" public offering for gross
proceeds of CAD$5,623,837 issuing 2,499,483 common shares of
the Company at a price of CAD$2.25 per Offered Share,
representing an 8% discount to the closing price on May 30,
2023. On September 26, 2023, the Company closed a "bought
deal" public offering for gross proceeds of CAD$23,025,300
issuing 6,486,000 common shares of the Company at a price of
CAD$3.55 per Offered Share, representing an 13% discount to
the closing price on September 15, 2023.
The Company encourages those interested in
the Company to rely solely on information included in press
releases issued and distributed by the Company through
approved news wire or disclosure and news services, combined
with its filings and disclosures made with SEDAR+.
ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos, President & CEO E3
Lithium Ltd.
TradingCharts
7 months ago
E3 Lithium Ltd EEMMF:OTCQX International
E3 Lithium to Livestream Inaugural Investor Day on October 4
BusinessWire
3:05 AM ET
E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), "E3
Lithium" or the "Company", Alberta's leading lithium
developer and extraction technology innovator, invites
investors and interested parties to join the livestream of
its inaugural Investor Day on Wednesday, October 4. The
event will commence at 2 p.m. MT (4 p.m. ET).
During E3 Lithium's Investor Day,
management will provide fulsome updates on the business and
attendees will be invited to ask questions during the Q&A
session. Interested parties may also submit questions in
advance to investor@e3lithium.ca.
Details
Date: Wednesday, October 4, 2023 Time: 2
p.m. MT / 4 p.m. ET Please click here to join the live
webcast: Link Attendance is limited to 1,000 guests
Special offer for virtual attendees:
Limited edition E3 Lithium apparel will be offered to those
who join the livestream on October 4, while quantities last.
Virtual attendees will be required to submit their mailing
address to receive the item. More details will be provided
by the moderator when the livestream starts.
If attendees are not able to join the
event live on the day of the event, an archived webcast will
be made available on E3 Lithium's website.
ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos, President & CEO E3
Lithium Ltd.
TradingCharts
7 months ago
E3 Lithium Announces $20.0 Million Bought Deal Public
Offering
BusinessWire
7:00 AM ET
E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), "E3
Lithium" or the "Company", Alberta's leading lithium
developer and extraction technology innovator, today
announced that it has entered into an agreement with Eight
Capital to act as lead underwriter and sole bookrunner on
behalf of a syndicate of underwriters (collectively, the
"Underwriters"), pursuant to which the Underwriters have
agreed to purchase for resale 5,640,000 common shares of the
Company (each, an "Offered Share") at a price of C$3.55 per
Offered Share (the "Offering Price") on a "bought deal"
basis for gross proceeds of C$20,022,000 (the "Base
Offering").
The Company has granted to
the Underwriters an option (the "Over-Allotment Option", and
together with the Base Offering, the "Offering"),
exercisable for a period of 30 days after and including the
closing date of the Offering, to purchase for resale up to
an additional 15% of Offered Shares at the Offering Price to
cover over-allotments, if any, and for market stabilization
purposes.
The net proceeds from the
Offering will be used towards the advancement of the
Clearwater Project and corporate development activities.
The Offered Shares will be sold by way of
a prospectus supplement to be filed in all of the provinces
of Canada, other than Quebec, to supplement the Company's
short form base shelf prospectus dated April 18, 2022. The
Offered Shares may also be sold in the United States on a
private placement basis pursuant to one or more exemptions
from the registration requirements of the United States
Securities Act of 1933, as amended (the "U.S. Securities
Act"), and in such other jurisdictions outside of Canada and
the United States, in each case in accordance with all
applicable laws provided that no prospectus, registration
statement or similar document is required to be filed in
such jurisdiction.
The Offering is
scheduled to close on or about September 26, 2023 and is
subject to certain conditions including, but not limited to,
the receipt of all necessary approvals, including the
approval of the TSX Venture Exchange.
The
Offered Shares have not been and will not be registered
under the U.S. Securities Act and may not be offered or sold
in the United States absent registration or an applicable
exemption from the registration requirements under the U.S.
Securities Act and applicable states securities laws. This
news release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale
of any securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
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 resources(1) 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-tax(1). 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.
1: The Preliminary Economic
Assessment (PEA) for the Clearwater Lithium Project NI
43-101 technical report is amended Sept 17, 2021. Gordon
MacMillan, P.Geol, QP, Fluid Domains Inc. and Grahame Binks,
MAusIMM, QP (Metallurgy), formerly of Sedgman Canada Limited
(Report Date: June 15, 2018, Effective Date: June 4, 2018
Amended Date: September 17, 2021). The mineral resource NI
43-101 Technical Report for the North Rocky Property,
effective October 27, 2017, identified 0.9Mt LCE (inferred).
The mineral resource NI 43-101 Technical Report for the
Bashaw District Project, effective March 21, 2023,
identified 16.0Mt LCE (measured & indicated). All reports
are available on the E3 Lithium's website
(e3lithium.ca/technical-reports) and SEDAR+
(www.sedarplus.ca).
Forward-Looking and
Cautionary Statements
This news release
includes certain forward-looking statements as well as
management's objectives, strategies, beliefs and intentions.
Forward looking statements are frequently identified by such
words as "may", "will", "plan", "expect", "anticipate",
"estimate", "intend" and similar words referring to future
events and results. In particular, this news release
contains forward-looking information pertaining to the
Offering and the proposed use of proceeds therefrom.
Forward-looking statements are based on the current opinions
and expectations of management. All forward-looking
information is inherently uncertain and subject to a variety
of assumptions, risks and uncertainties, including the
speculative nature of mineral exploration and development,
fluctuating commodity prices, the effectiveness and
feasibility of emerging lithium extraction technologies
which have not yet been tested or proven on a commercial
scale or on the Company's brine, competitive risks and the
availability of financing, as described in more detail in
our recent securities filings available at www.sedarplus.ca.
Factors that could cause actual results to differ materially
from such forward-looking information include, but are not
limited to, changes in the state of equity and debt markets,
delays in obtaining required regulatory approvals, failure
to satisfy closing conditions in respect of the Offering and
other risks and uncertainties involved in the mineral
exploration and development industry. Forward-looking
information in this news release is based on the opinions
and assumptions of management considered reasonable as of
the date hereof, including, but not limited to, the
assumption that all conditions precedent to the completion
of the Offering (including the receipt of all requisite
regulatory approvals) will be satisfied in a timely manner;
and general business and economic conditions will not change
in a materially adverse manner. Actual events or results may
differ materially from those projected in the
forward-looking statements and we caution against placing
undue reliance thereon. We assume no obligation to revise or
update these forward-looking statements except as required
by applicable law.
Neither the TSX
Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or
accuracy of this release.
View source
version on businesswire.com:
https://www.businesswire.com/news/home/20230917767085/en/
TradingCharts
7 months ago
E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), "E3
Lithium" or "the Company," Alberta's leading lithium
developer and extraction technology innovator, today
provides a preliminary update on the Direct Lithium
Extraction (DLE) technology results at its field pilot
plant.
Via its DLE field pilot plant, E3
Lithium is conducting a series of three predefined tests to
review various operating conditions to understand
anticipated performance in a commercial environment. Once
all three tests are complete, E3 Lithium will select the
operating conditions that produced the best results to run
for a longer period.
The success of the
longer operating period will confirm the results of the
initial testing and will enable the commercial design of
this system for both the Pre-Feasibility Study (PFS) and
subsequent engineering designs. In addition, the lithium
concentrate produced by the longer operating period will be
used for the development of the lithium production system
for the PFS and subsequent engineering designs.
The internal analysis and results of the
first of the three tests are outlined below:
Initial lithium recovery: > 94%
Purity of concentrate: > 80% Average lithium grade
in concentrate: 884 mg/L
"These results
demonstrate an initial positive indication that the pilot is
operating as expected," said Chris Doornbos, President and
CEO of E3 Lithium. "The E3 Lithium team is working hard to
progress the pilot and is continuing to operate the pilot
safely. We appreciate the outpouring of community support
since operations began and are very excited to be able to
outline these preliminary results."
Throughout pilot operations, E3 Lithium
will be testing its technology along with two third party
technologies. A full suite of results from the predefined
testing currently underway will be available at the start of
the longer operating period. At that point, E3 will provide
the results against the KPIs outlined in June. The results
presented today should not be considered a full
representation of performance of the pilot.
ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos, President & CEO E3
Lithium Ltd.
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