E3 Lithium Releases Q2 2026 Results and Advances Key Strategic Milestones

CALGARY, Alberta — E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3”, “E3 Lithium” or the “Company,” a leader in Canadian lithium development, filed its unaudited consolidated financial statements for the three-month period ended June 30, 2026, and the accompanying Management Discussion and Analysis (“MD&A”) on SEDAR ( www.sedarplus.ca ).

“The second quarter of 2026 built on the momentum established earlier in the year, with continued execution across our technical, strategic, and organizational priorities,” said Chris Doornbos, CEO & Chair of E3 Lithium. “We successfully commissioned Phase 2 of our Demonstration Facility, confirmed funding of up to $36.5 million from Natural Resources Canada, progressed strategic partnership with Germany’s TKMS, advanced our European market access strategy, and further strengthened our leadership team as we move closer to construction. Taken together, the quarter reflected disciplined execution across every pillar of our strategy, partnerships, technical de-risking, growth strategy, and leadership, as we advance Clearwater toward commercial production.”

A welcome email is on its way. If you don't see it, please check your junk folder.

E3 expects continued advancement of its Clearwater Project throughout 2026. Key priorities include ongoing operations and developing the final phase of the Demonstration Facility, advancing the Feasibility Study, and continuing engagement with strategic partners, potential offtake counterparties, and government stakeholders as it advances Clearwater Project commercialization and evaluates broader opportunities across the battery supply chain.

Additionally, the Company’s Board of Directors (the “Board”) has approved the grant of incentive stock options (“Options”), restricted share units (“RSUs”), and performance share units (“PSUs”) to certain directors, officers, and new employees of the Company in accordance with the Company’s Omnibus Equity Incentive Plan (the “Plan”) and subject to the policies of the TSX Venture Exchange. The Company granted an aggregate of 2,390,000 Options to purchase common shares of the Company (“Shares”), comprised of Options exercisable to acquire up to 1,940,000 Shares granted on August 7, 2026 at an exercise price of $1.07 per Share, and Options exercisable to acquire up to 450,000 Shares granted on August 14, 2026 at an exercise price of $1.08 per Share, in each case exercisable for a period of five years from the date of grant and vesting of 25% on each of the first, second, third and fourth anniversaries of the date of grant. The Company also granted an aggregate of 570,000 RSUs, vesting over periods ranging from one to four years from the date of grant, as determined by the Board for each recipient and an aggregate of 166,000 PSUs (which may be settled through the issuance of up to a maximum of 249,000 Shares upon vesting assuming achievement of all maximum performance multipliers), which will vest upon achievement of the following performance goals during a 24-month performance period: