Business
E3 Lithium Closes Sale of Non-Core Saskatchewan Assets
Proceeds provide additional non-dilutive capital to advance Clearwater Project development ...
About this update from E3 Lithium Ltd
[{"type":"text","content":"E3 Lithium Closes Sale of Non-Core Saskatchewan Assets\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwpadl0 { padding-left: 0px }\n.bwtablemarginb { margin-bottom: 10px }\n.bwuline { text-decoration: underline }\n.bwvertalignt { vertical-align: top }\n \n\n\n\n\n Proceeds provide additional non-dilutive capital to advance Clearwater Project development\n \n\n\n\n\n E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3 Lithium” or the “Company,” a leader in Canadian lithium, has successfully closed its previously announced sale of non-core Saskatchewan based, Estevan Lithium District assets (the “Estevan Assets”).\n \n\n E3 Lithium has received cash proceeds of US$4.0 million (approximately C$5.6 million), pursuant to the Asset Purchase and Sale Agreement (the “Agreement”) announced on September 30, 2025.\n \n\n All closing conditions were satisfied or waived, including third-party consents, regulatory approvals and satisfactory environmental and surface rights due diligence. Final cash proceeds are net of permitted purchase price adjustments per the Agreement of approximately US$0.3 million.\n \n\n “This sale provides nearly a three-time return on E3 Lithium’s total cost to acquire, hold and develop the Estevan Assets,” said Chris Doornbos, Chair and CEO of E3 Lithium. “The value realized through the sale enables E3 Lithium to focus on advancing our flagship lithium development, the Clearwater Project in Alberta. In conjunction with the recent closing of our equity financing, monetizing this non-core asset provides additional non-dilutive capital to progress through our Demonstration Program and advance the Clearwater Project engineering and permitting.”\n \n\n ON BEHALF OF THE BOARD OF DIRECTORS\n \n Chris Doornbos, President, CEO & Chair\n \n E3 Lithium Ltd.\n \n\n\n About E3 Lithium\n \n\n\n E3 Lithium is a development company with a total of 21.2 million tonnes of lithium carbonate equivalent (LCE) Measured and Indicated\n \n 1\n \n as well as 0.3 Mt LCE Inferred mineral resources\n \n 2\n \n in Alberta and 2.5 Mt LCE Inferred mineral resources\n \n 3\n \n in Saskatchewan. The Clearwater Pre...