E3 LITHIUM LTD. announced on 11 December 2025 that it has successfully closed its previously announced sale of non-core Saskatchewan based, Estevan Lithium District assets (the “Estevan Assets”).
E3 Lithium has received cash proceeds of US$4.0 million (approximately C$5.6 million), pursuant to the Asset Purchase and Sale Agreement announced on 30 September 2025.
All closing conditions were satisfied or waived, including third-party consents, regulatory approvals and satisfactory environmental and surface rights due diligence. Final cash proceeds are net of permitted purchase price adjustments per the Agreement of approximately US$ 0.3 million.
Chris Doornbos, Chair and CEO of E3 Lithium, said “This sale provides nearly a three-time return on E3 Lithium’s total cost to acquire, hold and develop the Estevan Assets. The value realized through the sale enables E3 Lithium to focus on advancing our flagship lithium development, the Clearwater Project in Alberta. In conjunction with the recent closing of our equity financing, monetizing this non-core asset provides additional non-dilutive capital to progress through our Demonstration Program and advancing the Clearwater Project engineering and permitting.”
