08:01 AM EDT, 10/16/2025 (MT Newswires) -- E3 Lithium ( EEMMF ) , which lost 3.6% Wednesday, and Axens, a global provider of clean energy solutions and technologies, signed a non-binding memorandum of understanding that contemplates both the sale of lithium carbonate by E3 Lithium ( EEMMF ) to Axens and for Axens to supply E3 Lithium ( EEMMF ) with a lithium selective sorbent.

The company on Thursday said pursuant to the MOU, each company will qualify the products with the goal of a "mutually beneficial collaboration." It said upon completion of the qualification, the MOU outlines the proposal to execute two separate agreements, where the intent is that neither agreement is dependent on the other.

"The MOU with Axens represents a mutually beneficial and symbiotic agreement that significantly de-risks the Clearwater Project," said E3 Lithium ( EEMMF ) chief executive Chris Doornbos. "Axens has the proven capabilities to produce sorbent on a commercial scale and de-risks E3 Lithium's ( EEMMF ) supply chain for the critical reagent."

Shares of the company closed down $0.04 at $1.07 on Wednesday on the TSX Venture Exchange.