Following Successful 2025, E3 Lithium Provides Operational Update and 2026 Outlook

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Complete Front-End Engineering Design and Feasibility Study

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The Company continues to advance its technical designs for the commercial facility, with the focus for the balance of 2026 on the completion of FEED and publishing its FS shortly thereafter. This work enables E3 to complete a Class 3 cost estimate, necessary for financial institutions and strategic partners interested in supporting the project financing for the construction of the Clearwater facility. The Company has selected the lead firm to complete this engineering work for the Clearwater Project.

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Permitting

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The Company will continue the permitting process and engagement with its stakeholders around the Clearwater facility and project site. E3 aims to have submitted all remaining licence applications required for the construction and operation of the Clearwater Project prior to the end of 2026.

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E3 Lithium has staged its proposed development plan with Phase 1 of its project planned for capacity of 12,000 tonnes of lithium carbonate per year. Benefitting from a significant appreciation in global lithium prices over the last six months, commissioning and commercial operations of E3’s Clearwater Project are expected to occur between 2028 and 2029.

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Finally, the Company recently entered into an agreement with Winning Media LLC (“Winning Media”) to provide digital marketing services to E3. Winning Media is a marketing agency based out of Houston, Texas, that specializes in providing strategic digital media services, with Ty Hoffer acting as principal. The Company and Winning Media are at arm’s length and neither Winning Media nor any of its principals currently own any interest, directly or indirectly, in E3, nor do they have any right or intent to acquire such an interest. Winning Media will provide various services including omnichannel programmatic advertising, ticker tagging, ad copy and content by professional finance writers, financial outlets and networks, push notification media, 70+ native ad networks, influencer network, retargeting platform, advertising through ad exchanges and digital podcasts, among other services. The agreement commences on January 29, 2026, for an initial term of three months with the Company paying total consideration of US$150,000 in cash for the services provided by Winning Media, with no equity compensation component. The agreement remains subject to approval by the TSX Venture Exchange.

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ON BEHALF OF THE BOARD OF DIRECTORS

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Chris Doornbos, President, CEO & Chair
E3 Lithium Ltd.

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About E3 Lithium

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E3 Lithium is a development company with a total of 21.2 million tonnes of lithium carbonate equivalent (LCE) Measured and Indicated¹ as well as 0.3 Mt LCE Inferred mineral resources² in Alberta. The Clearwater Pre-Feasibility Study outlined a 1.13 Mt LCE proven and probable mineral reserve with a pre-tax NPV(8%) of USD 5.2 Billion with a 29.2% IRR and an after-tax NPV(8%) of USD 3.7 Billion with a 24.6% IRR¹.

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1:

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The Clearwater Project NI 43-101 Pre-Feasibility Study, effective June 20, 2024, identified 16.2 Mt LCE (measured and indicated) and is available on the E3 Lithium’s website (

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) and SEDAR+ (

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).

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2:

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The mineral resource NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate, effective June 25, 2025, identified 5.0 Mt LCE (measured and indicated) and 0.3 Mt LCE (inferred) and is available on the E3 Lithium’s website (

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) and SEDAR+ (

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).

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Unless otherwise indicated, Kevin Carroll, P. Eng., Chief Development Officer and a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained on this news release.

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Forward-Looking and Cautionary Statements

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This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions or forward-looking information within the meaning of applicable securities laws. Forward-looking statements are frequently identified by such words as “believe”, “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend”, “project”, “potential”, “possible” and similar words referring to future events and results. Forward-looking statements are based on the current opinions, expectations, estimates and assumptions of management in light of its experience, perception of historical trends, and results of the PFS, but such statements are not guarantees of future performance. In particular, this news release contains forward-looking information relating to: the expected timelines for execution of offtake agreements, completion of Phase 2 of the Demonstration Facility, completion of FEED and FS, submitting all remaining licence applications, and commissioning and commercial operations of E3’s Clearwater Project; the Company’s expectations regarding the production of lithium carbonate; plans and objectives of management for the Company’s operations of the Demonstration Facility; and the inherent hazards associated with mineral exploration and mining operations. In preparing the forward-looking information in this news release, the Company has applied several material assumptions, including, but not limited to, that any additional financing needed will be available on reasonable terms; the exchange rates for the U.S. and Canadian currencies will be consistent with the Company’s expectations; that the current exploration, development, environmental and other objectives concerning the Demonstration Facility can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner and that all necessary governmental approvals for the planned activities on the Demonstration Facility will be obtained in a timely manner and on acceptable terms.

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All forward-looking information (including future-orientated financial 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, risks related to the availability of financing on commercially reasonable terms and the expected use of proceeds; operations and contractual obligations; changes in estimated mineral reserves or mineral resources; future prices of lithium and other metals; availability of third party contractors; availability of equipment; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; the Company’s lack of operating revenues; currency fluctuations; risks related to dependence on key personnel; estimates used in financial statements proving to be incorrect; competitive risks and the availability of financing, as described in more detail in our recent securities filings available under the Company’s profile on SEDAR+ (www.sedarplus.ca). 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.

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View source version on businesswire.com:

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Contacts

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E3 Lithium – Investor Relations

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587-324-2775

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