E3 Lithium Announces Positive Study Results for Clearwater Project

E3 Lithium, a leading Canadian lithium company, has announced promising results from its Pre-Feasibility Study (PFS) for the Clearwater Project in Alberta. The study confirms the project's economic viability and environmental sustainability, marking Canada's first lithium-in-brine proven mineral reserve.

Key Highlights:

- Production: 32,250 tonnes per year of Lithium Hydroxide Monohydrate (LHM)

- Reserves: 1.29 million tonnes of LHM (1.13 Mt Lithium Carbonate Equivalent)

- Economics: After-tax NPV of $3.72 billion with a 24.6% IRR; CAPEX of $2.47 billion

- Sustainability: Water recycling, minimal land use, and low CO2 emissions (1.9 tonnes CO2e/tonne LHM)

CEO Chris Doornbos stated, "This report sets us on a clear pathway to commercial development, positioning the Clearwater Project as a strategic lithium asset."

The PFS, conducted by several leading firms, outlines a sustainable process for lithium extraction and production. E3 Lithium plans to begin production next year, advancing towards becoming a key player in North America's lithium market.