- E3 Lithium has initiated **site construction for Phase 2 of its Clearwater Demonstration Facility** in Alberta, following permit approval on **September 11, 2025**.  **[1415332_0b01e30787bf4a05ade42face7443682_0]** 
- The construction includes preparing the site for a **drilling program expected in the upcoming weeks**, which will gather data on Leduc Reservoir flow rates and characteristics to inform the planned commercial facility.  **[1415332_0b01e30787bf4a05ade42face7443682_0]** 
- The Clearwater Pre-Feasibility Study outlined a **1.13 million tonnes LCE proven and probable mineral reserve** with an after-tax NPV(8%) of **USD 3.7 Billion**.  **[1415332_0b01e30787bf4a05ade42face7443682_0]**

E3 Lithium Begins Site Construction for Clearwater Demonstration Facility Phase 2

- **United Lithium Corp.** has entered into a binding Letter of Intent to acquire **Swedish Minerals AB (SM)**, aiming to establish a leading Nordic-based strategic-metals explorer with a diversified portfolio of lithium, uranium, and rare-earth assets.  **[1415332_6a32a4d8ff8a49a585a243adfe85cac1_0]** 
- The acquisition consideration for SM shareholders includes **25,000,000** common shares of United at a deemed price of **$0.20** per share (pre-consolidation) and **$450,000** in cash.  **[1415332_6a32a4d8ff8a49a585a243adfe85cac1_0]** 
- In connection with the closing of the Transaction, United will conduct a **one-for-two** share consolidation, anticipated to result in approximately **43,870,527** shares being issued and outstanding.  **[1415332_6a32a4d8ff8a49a585a243adfe85cac1_0]** 
- United also announced a non-brokered private placement to raise up to **$2,250,000** through the issuance of up to **15,000,000** pre-Consolidation units at **$0.15** per unit, which is not conditional upon the acquisition.  **[1415332_6a32a4d8ff8a49a585a243adfe85cac1_2]** 
- Upon closing, the board of directors will be reconstituted, and **Andrew Bowering** will be appointed Interim Chief Executive Officer, with **Jonathan Franklin** as President.  **[1415332_6a32a4d8ff8a49a585a243adfe85cac1_0]**

United Lithium Announces LOI to Acquire Swedish Minerals AB and New Financing

- **E3 Lithium** and Axens have signed a non-binding Memorandum of Understanding (MOU) for a **strategic collaboration**.  **[1415332_d01f52141e9d47148dcf3bb7c157f324_0]** 
- The MOU outlines the **sale of lithium carbonate by E3 Lithium to Axens** from its Clearwater Project in Alberta, Canada, and the **supply of a lithium selective sorbent by Axens to E3 Lithium** for its Direct Lithium Extraction (DLE) processes.  **[1415332_d01f52141e9d47148dcf3bb7c157f324_0]** 
- This agreement is intended to **de-risk E3 Lithium's Clearwater Project** and its supply chain for critical reagents, enabling direct sale of battery-grade lithium carbonate into the European market.  **[1415332_d01f52141e9d47148dcf3bb7c157f324_0]**

E3 Lithium and Axens Sign MOU for Lithium Carbonate Sale and Sorbent Supply

- E3 Lithium has commenced commissioning of **Phase 1** of its **Clearwater Project Demonstration Facility**, which began with the introduction of brine into the DLE system over the past weekend.  **[1415332_520ceb7462744aeebbb49b5893713f13_0]** 
- The objective of Phase 1 is to fully operationalize the **30-column DLE system** and **purification units** to produce high-quality lithium chloride, a precursor for battery-grade lithium carbonate.  **[1415332_520ceb7462744aeebbb49b5893713f13_0]** 
- The company anticipates the initial DLE System commissioning to take approximately **one week**, with sufficient brine available to operate Phase 1 into **early Q4 2025**.  **[1415332_520ceb7462744aeebbb49b5893713f13_0]** 
- **Phase 2** of the Demonstration Facility is scheduled to begin **later this fall**.  **[1415332_520ceb7462744aeebbb49b5893713f13_0]**

E3 Lithium Begins Commissioning Clearwater Project Demonstration Facility

- Consolidated Lithium Metals Inc. (CLM) has signed a non-binding letter of intent (LOI) with SOQUEM to acquire an option to earn up to an **80% interest** in the **Kwyjibo Rare Earth Project** in Québec.  **[1415332_68df506d7ce94224b01fda2466242d76_0]** 
- The Proposed Transaction is structured in two phases: **Phase I** allows CLM to earn a **60% interest** for an aggregate of **C$23.15 million** over **five years**, and **Phase II** allows CLM to earn an additional **20% interest** for **C$22.00 million** over **three years** following Phase I completion.  **[1415332_68df506d7ce94224b01fda2466242d76_0]** 
- The LOI was effective **July 31, 2025**, and a definitive agreement is anticipated to be negotiated, executed, and the transaction closed by **October 31, 2025**.  **[1415332_68df506d7ce94224b01fda2466242d76_0]** **[1415332_68df506d7ce94224b01fda2466242d76_1]** **[1415332_68df506d7ce94224b01fda2466242d76_2]**

Lithium (LTUM)