E3 Lithium Ltd · TSXV:ETL
E3 Lithium — Investor Day (October 2023)
41 slides from E3 Lithium's investor day presentation, Oct 4, 2023
Slide 1: E3 Lithium Investor Day
E3 Lithium Investor Day OCTOBER 4, 2023
Slide 2: Emergency Evacuation Procedures
Emergency Evacuation Procedures E3 LITHIUM INVESTOR DAY 2023 2
Slide 3: Agenda
Agenda Topic Speaker Time Opening Remarks John Pantazopoulous 2:10 p.m. Chairman of the Board E3 Lithium: Past, Present & Future Chris Doornbos 2:15 pm. President, CEO & Director Project Development Panel Kevin Carroll Chief Development Officer 2:45 p.m. Peter Ratzlaff VP, Resource Development Carol
Slide 4: Agenda
Agenda Topic Speaker Time Break 3:30 p.m. Financial Update Raymond Chow 3:50 p.m. Chief Financial Officer Closing Remarks Chris Doornbos 4 p.m. President, CEO & Director Q&A 4:20 p.m. Reception E3 LITHIUM INVESTOR DAY 2023 4
Slide 5: Questions
Questions Slido.com Code: InvestorDay E3 LITHIUM INVESTOR DAY 2023 5
Slide 6: Posting and Sharing #E3InvestorDay23
Posting and Sharing #E3InvestorDay23 E3 LITHIUM INVESTOR DAY 2023 6
Slide 7: Opening Remarks
Opening Remarks John Pantazopoulos Chairman of the Board E3 LITHIUM INVESTOR DAY 2023 7
Slide 8: E3 Lithium: Past, Present & Future
E3 Lithium: Past, Present & Future Chris Doornbos President, CEO & Director E3 LITHIUM INVESTOR DAY 2023 8
Slide 9: Introduction to E3 Lithium
Introduction to E3 Lithium Rest of Canada E3 Lithium Li Canada’s largest high De-risked, high ESG Clear and ambitious confidence lithium extraction technology pathway to resource E3 Lithium has outlined commercialization E3 Lithium has 16.0 Mt of successful preliminary Direct With a track record of
Slide 10: E3 Lithium's Vision
E3 Lithium’s Vision To be a global leader in responsibly-sourced lithium, fueling the global transition towards a brighter energy future. E3 LITHIUM INVESTOR DAY 2023 10
Slide 11: Lithium Supply / Demand Imbalance
Lithium Supply / Demand Imbalance 1,600,000 Undersupply 1,400,000 Oversupply 1,200,000 Million tonnes of LCE 1,000,000 800,000 600,000 400,000 200,000 0 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 E3 LITHIUM INVESTOR DAY 2023 11 Source : Benchmark Mineral Intelligence
Slide 12: Key Milestones
Key Milestones 1800% 4,000,000 Volume Return 1600% 3,500,000 1400% Commissioned Alberta’s First Lithium Field Pilot 3,000,000 1200% Commissioned Lab Plant Drilled First Brine Pilot Prototype Production 2,500,000 1000% Well in Alberta Awarded $27M SIF Return % Volume 800% Investment 2,000,000 600% 1,
Slide 13: E3 Lithium Through the Years
E3 Lithium Through the Years E3 LITHIUM INVESTOR DAY 2023 13
Slide 14: E3 Lithium Through the Years
E3 Lithium Through the Years E3 LITHIUM INVESTOR DAY 2023 14
Slide 15: 2023 Successes & Near-Term Catalysts
2023 Successes & Near-Term Catalysts Upgraded resource to Designed, built & began Produced lithium carbonate Released preliminary 16.0 Mt Measured operations of Alberta’s first via proven battery-grade recovery, concentration & Indicated, Direct Lithium Extraction downstream and grade results Canada
Slide 16: Livestream
Livestream E3 LITHIUM INVESTOR DAY 2023 16
Slide 17: Project Development Panel
Project Development Panel Kevin Peter Caroline Josh Jody Carroll Ratzlaff Mussbacher Rubenstein Calvert Chief VP, Resource Director, Lithium Director, Process Engineering Development Development Extraction Engineering Manager Officer E3 LITHIUM INVESTOR DAY 2023 17
Slide 18: Central Tenets of E3's Resource Production
Central Tenets of E3’s Resource Production 2. DIRECT LITHIUM EXTRACTION 4. BRINE RE- CONCENTRATED LITHIUM Resource confidence and INJECTION brine production 3. REFINING Extraction of lithium from brine Lithium refining to 2,500m NO FRESH WATER AQUIFER battery-grade INTERACTION LITHIUM HOSTED BRINE B
Slide 19: Global-Scale M&I DLE Resources
Global-Scale M&I DLE Resources Company Location M&I (Mt LCE) Lithium Americas U.S. 16.1 E3 Lithium Canada 16.0 Jindalee Resources U.S. 11.1 Vulcan Resources Europe 10.1 Galan Lithium Argentina 6.4 Standard Lithium U.S. 4.2 Lake Resources Argentina 2.9 Alpha Lithium Argentina 2.1 Lithium Power Intern
Slide 20: E3 Lithium Investor Day 2023
E3 LITHIUM INVESTOR DAY 2023 20
Slide 21: Downstream Conversion to Battery-Grade Lithium
Downstream Conversion to Battery-Grade Lithium Concentrate Conversion Conversion Lithium Drying and Conditioning to Lithium to Lithium Hydroxide Packaging Carbonate Hydroxide Crystallization Li Li Li2CO3 LiOH LiOH•H2O Impurities Li2CO3 LiOH LiOH•H2O Battery Manufacture E3 LITHIUM INVESTOR DAY 2023 2
Slide 22: Commercial Project Development
Commercial Project Development Central Processing Facility Spent Brine Well Pipeline Treatment Pads Network Direct Lithium Sale of Lithium Pretreatment Extraction Battery Grade (DLE) Refining Lithium to Market E3 LITHIUM INVESTOR DAY 2023 22
Slide 23: Pathway to Commercialization
Pathway to Commercialization • Feasibility Study • Detailed • Construction • Environmental Engineering • Commercial Surveys • Project Finance lithium production • Indigenous • Equipment & Stakeholder Procurement Engagement & Manufacturing Regulatory Permitting E3 LITHIUM INVESTOR DAY 2023 23
Slide 24: Strategy & Sustainability Panel
Strategy & Sustainability Panel Leigh Raymond Robin Brian Clarke Chow Boschman Ceelen VP, Corporate Chief Financial Director, External Director, Development Officer Relations Commercial Development E3 LITHIUM INVESTOR DAY 2023 24
Slide 25: Sustainability at the Forefront
Sustainability at the Forefront Building Alberta’s lithium industry for the long-term by focusing on ESG: • Environmental: Commercial facility design to ensure measurable and reportable environmental benefits • Social: Local, provincial, federal and global relationships and support • Governance: Fou
Slide 26: Value Creation via Meaningful Engagement
Value Creation via Meaningful Engagement Notification Consultation Engagement One-way exchange of Two-way exchange of Long-term relationship building, information information mutually beneficial outcomes, co-creation of industry E3 LITHIUM INVESTOR DAY 2023 26
Slide 27: Significant Investment Required to Meet Demand
Significant Investment Required to Meet Demand 6,000,000 $116B 5,000,000 4,000,000 Tonnes LCE 3,000,000 $54B 2,000,000 1,000,000 Source: Benchmark Mineral Intelligence, 0 Q2 2023 Lithium Forecast 2030 high case demand 2030 base case demand Current supply E3 LITHIUM INVESTOR DAY 2023 27
Slide 28: Current Offtake Environment
Current Offtake Environment OEM % of 2030 Li demand secured1 Ford 76% Stellantis 74% General Motors >30% BMW 14% Volkswagen 5% Source: Fastmarkets 12030 demand estimated using company announcements on EV sales volumes and penetration rates. E3 LITHIUM INVESTOR DAY 2023 28
Slide 29: Break
Break E3 LITHIUM INVESTOR DAY 2023 29
Slide 30: Financial Update
Financial Update Raymond Chow Chief Financial Officer E3 LITHIUM INVESTOR DAY 2023 30
Slide 31: Capital Structure
Capital Structure As at Sept. 29, 2023 Working Capital(1) $41.7M Market Cap $235M Basic Shares Outstanding 74.8M Fully Diluted 84.1M 3-Month Cumulative Volume 45M 3-Month Avg Volume 724K YTD Share Price Return 66% Share Price Return Since Inception 943% (1) As at June 30, 2023 plus the proceeds of t
Slide 32: Ability to Access Capital Markets & Grant Funding
Ability to Access Capital Markets & Grant Funding 40,000,000 $6.35M Equity $3.5M Natural Investment Resources Canada 35,000,000 Grant $27M Strategic $31.9M 30,000,000 Innovation Fund Equity Raised Investment $17.8M 25,000,000 Equity Raised Equity is comprised of 20,000,000 capital raised $9.3M and w
Slide 33: Index Comparison
Index Comparison 150% E3 Lithium 130% Horizons Global Lithium Producers Index 110% S&P/TSX Venture Diversified Metals & Mining Index 90% % Return 70% 50% 30% 10% -10% -30% Source: Stockwatch, Bloomberg, S&P Global and Horizons E3 LITHIUM INVESTOR ETFs DAY 2023 33
Slide 34: Peer Comparison – Direct Lithium Extraction/Brine
Peer Comparison – Direct Lithium Extraction/Brine M&I Market Stage Company Location (Mt LCE) Capitalization1 Lithium Americas U.S. 16.1 $3.1 billion Post DFS E3 Lithium Canada 16.0 $235 million PEA / Field Pilot Vulcan Resources Europe 10.1 $425 million DFS / Demonstration Standard Lithium U.S. 4.2
Slide 35: Closing Remarks
Closing Remarks Chris Doornbos President, CEO & Director E3 LITHIUM INVESTOR DAY 2023 35
Slide 36: Why E3 Lithium
Why E3 Lithium Focused plan in place to commercialize Canada’s largest lithium resources The Future of Clear Vision World Class North American for the Future Team Lithium Consistent track record of driving long-term shareholder value E3 LITHIUM INVESTOR DAY 2023 36
Slide 37: Vision for the Future: Batteries and Beyond
Vision for the Future: Batteries and Beyond E3 LITHIUM INVESTOR DAY 2023 37
Slide 38: Q&A
Q&A E3 LITHIUM INVESTOR DAY 2023 38
Slide 39: Questions
Questions Slido.com Code: InvestorDay E3 LITHIUM INVESTOR DAY 2023 39
Slide 40: Thank You
Thank You investor@e3lithium.ca TSX.V: ETL OTCQX: EEMMF FSE: OW3 e3lithium.ca
Slide 41: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements within the meaning of applicable securities laws which are uncertain; the fact that commercial quantities of minerals may not be discovered on current regarding E3 Lithium Ltd. (“E3 Lithium” or the “Company”) and the po