News Releases

E3 Lithium Received $4.9 Million Since Q3 2022 from Exercise of Warrants


  • E3 Lithium Received $4.9 Million since Q3 2022 from exercise of warrants
  • December 2020 and February 2021 warrants have been exercised or have expired
  • Imperial Oil Limited has the only remaining warrants, which have been prepaid

CALGARY, ALBERTA, February 13, 2023 – E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), Alberta’s leading lithium developer and extraction technology innovator, today announced that all warrants issued through equity financings that closed on December 17, 2020 and February 8, 2021 have been exercised or expired. E3 Lithium (E3) has received a total of $4.9M CAD since the start of Q3 2022 from the recent warrant exercises.

Full account of the warrants recently expired (values in millions)

  December 17, 2022
Expiration Date
February 8, 2023
Expiration Date
Aggregate Totals
Total Warrants Issued 3.3 7.8 11.1
Total Warrants Exercised 3.2 6.7 9.9
Total Warrants Unexercised 0.1 1.1 1.2
Total Value Received $4.4 $10.9 $15.3
Since Q3 2022
Total Warrants Exercised 2.1 1.2 3.3
Total Value Received $3.0 $1.9 $4.9

There are 3.4 million warrants that remain outstanding related to the Imperial Oil Limited investment. These warrants, which expire in June 2024, have been prepaid and E3 has received a total of $6.35 million. E3 currently has a total of 64.4 million shares issued and outstanding.

E3 Lithium - Investor and Media Relations

Robin Boschman
Director, External Affairs

About E3 Lithium

E3 Lithium is a development company with total of 24.3 million tonnes of lithium carbonate equivalent (LCE) inferred mineral resources1 in Alberta. As outlined in E3’s Preliminary Economic Assessment, the Clearwater Lithium Project has an NPV8% of USD 1.1 Billion with a 32% IRR pre-tax and USD 820 Million with a 27% IRR after-tax1. Through the successful scale up its DLE technology towards commercialization, E3 Lithium’s goal is to produce high purity, battery grade lithium products. With a significant lithium resource and innovative technology solutions, E3 Lithium has the potential to deliver lithium to market from one of the best jurisdictions in the world.


Chris Doornbos, President & CEO
E3 Lithium Ltd.

1: The Preliminary Economic Assessment (PEA) for the Clearwater Lithium Project NI 43-101 technical report is effective Sept 17, 2021. The mineral resource NI 43-101 Technical Report for the North Rocky Property, effective October 27, 2017, identified 0.9Mt LCE (inferred). The mineral resource NI 43-101 Technical Report for the Bashaw District Project, effective July 11, 2022, identified 23.4Mt LCE (inferred). All reports are available on the E3 Lithium’s website ( and SEDAR (

Forward-Looking and Cautionary Statements

This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking 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, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Join our Mailing List

Terms and Conditions

By completing the contact information above and clicking the “Sign Up” button, you are expressly consenting to the receipt of electronic messages from E3 Lithium Corp. (the “Company”). If you would like to contact the Company please click on the “Contact Us” link above for the Company’s address and telephone number. You may withdraw your consent to the receipt of electronic messages from the Company at any time by contacting the Company or clicking on the unsubscribe link at the bottom of any electronic message that the Company may send you.