E3 LITHIUM LTD.

(MENAFN- Baystreet) 11:59 AM EST - E3 LITHIUM LTD.: Has completed well development and pump installation and is now ready to begin operations for Phase 2 of its Demonstration Facility. The Company has developed a three-phase plan with multiple goals at each phase to demonstrate commerciality of producing battery-grade lithium carbonate. As outlined on March 9, 2026, the two main goals of Phase 2 are to complete a reservoir production test to further delineate flow through the Leduc Reservoir and to collect water and gas chemistry data. The reservoir test will inform the Reservoir Development Plan (RDP) that is currently being completed and will result in a well and pipeline network design that informs well and pipeline permitting. Brine and gas data collected will inform the design of the inlet and gas separation for the commercial facility. Information collected from this work is some of the last technical data required for the Feasibility Study that E3 is working through for the Clearwater Project. As is standard in the industry, the Company submitted the Directive 51 application that occurs once the wells are completed. E3 LITHIUM LTD. shares O are trading up 1 cent at $0.93.

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