Forward-Looking Statements
Forward Looking Statement
This presentation contains forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws regarding E3 Lithium Ltd. (“E3 Lithium” or the “Company”). Forward-looking statements can be identified by the use of forward-looking language such as “plans”, “expects”, “budgets”, “schedules”, “estimates”, “objectives”, “intends”, “anticipates”, “believes”, or variations of such words and phrases, and statements that certain events, actions or results “may”, “could”, “would”, “might” or “will” occur, be taken or be achieved. Forward-looking information is based on the current opinions and estimates of E3 Lithium as of the date such statements are made. In particular, this presentation contains forward-looking information relating to: the estimated mineral resources and mineral resources at the Clearwater Project; statements regarding the results of the Company’s pre-feasibility study (the “PFS”), as disclosed in the Company’s news release dated June 26, 2024 (the “News Release”), and interpretations thereof; expectations concerning the Clearwater Project, including extraction, production, pretreatment, purification, volume reduction and conversion process and features, and the expected outcomes thereof; the expected economic performance of the Clearwater Project, including capital costs, operating costs, water usage, land use and carbon emissions; statements regarding the Company’s strategy for minimizing environmental impact and liquid waste and maximizing water reuse and plans and objectives of management for the Company’s operations and the Clearwater Project. The forward-looking information contained in this news release also includes financial outlooks and other forward-looking metrics relating the Company and the Clear Water Project, including references to financial and business prospects, future results of operations, performance and cash flows. Such information, which may be considered future oriented financial information (“FOFI”) or financial outlooks within the meaning of applicable Canadian securities laws, has been approved by management of the Company as of the date hereof. Such FOFI is based on assumptions which management believes is reasonable as of the date hereof, having regard to the industry, business, financial conditions, plans and prospects of the Company, including the PFS. These projections are provided to describe the prospective performance of the Clearwater Project and readers are cautioned that such information may not be appropriate for other purposes. Further, such information is highly subjective and should not be relied on as necessarily indicative of future results and actual results may differ significantly from such projections. FOFI constitutes forward-looking information and is subject to the same assumptions, uncertainties, risk factors and qualifications as set forth below.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of E3 Lithium to be materially different from those expressed or implied thereby, including, but not limited to, risks related to: 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 at www.sedarplus.ca.
Although E3 Lithium has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements in this presentation, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this presentation. E3 Lithium does not undertake to update any forward-looking statements except in accordance with applicable securities laws.
A technical report in respect of the PFS (the “Technical Report”) will be completed in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101) and will be filed on the Company’s profile on SEDAR+ within 45 days of the date of the News Release. The persons who will author the Technical Report include: Daron Abbey, M.Sc., P. Geo of Matrix Solutions Inc; Alex Haluszka, M. Sc., P. Geo of Matrix Solutions Inc; Meghan Klein, P. Eng, of Sproule Associates Limited; Antoine Lefaivre, P. Eng, of Sedgman; and Keith Wilson, P. Eng., of Stantec, each of whom is a “qualified person” as defined under NI 43-101 (collectively, the Qualified Persons). Each of the Qualified Persons prepared or supervised the preparation of the information that forms the basis of the PFS that is included in this presentation. Each of the Qualified Persons has reviewed and approved the technical information in this this presentation within their area of expertise and is independent of E3 Lithium. Unless otherwise indicated, Chris Doornbos, P. Geo., President and CEO of E3 Lithium and a “qualified person” under NI43-101, has reviewed and is responsible for the technical information contained in this presentation that is not derived from the PFS.
Qualified Person(s)
Unless otherwise indicated, Kevin Carroll, P. Eng., Chief Development Officer and a Qualified Person under National Instrument 43-101, has reviewed and is responsible for the technical information contained on this webpage.
