09:02 AM EST, 02/25/2025 (MT Newswires) -- E3 Lithium ( EEMMF ) on Tuesday gave an update on its Clearwater Project and announced 2025 development plans as it is aims to make progress by focusing on optimizing the design, construction planning and permitting of its first commercial facility.

The company said it will focus on Advance Phase 1 development of the commercial plant, including engineering for the feasibility study, and construct and operate a fully integrated demonstration facility.

E3 Lithium ( EEMMF ) plans to submit the required environmental applications in compliance with Alberta Energy Regulator's environmental standards and begin the process to license the Clearwater Project Central Processing Facility and wells with the Alberta Energy Regulator. The company also plans to advance strategic partner and future offtake relationships and continue to build strong stakeholder engagement and support.

"We are driving to make the Clearwater Project shovel ready in 2026," said E3 Lithium ( EEMMF ) Chief Executive Chris Doornbos in a statement. "The demonstration facility is expected to be commissioned in the early part of Q3 2025 and will prove the viability of DLE technology to produce battery-grade lithium at scale. As electrification becomes inevitable and energy security critical, our vast resource strategically positions E3 Lithium ( EEMMF ) to become a major supplier of Canadian lithium to the global battery market."

Shares of the company closed down $0.02 or 2.4%, to $0.82 on Monday on the TSX Venture Exchange.