07:56 AM EDT, 10/21/2025 (MT Newswires) -- E3 Lithium ( EEMMF ) , which rose near 4.2% on Monday, started construction on its Phase 2 demonstration facility site, located east of the town of Olds, Alberta in its Clearwater Project Area.

The company earlier on Tuesday said it has been advancing preparation activities and is actively grading the site to be ready for the planned drilling program as part of Phase 2 of the demonstration facility. Pad construction work will include road access improvements, pad construction, and environmental and safety preparations in advance of mobilizing the drilling rig to site.

The drilling rig is expected to be mobilized to the site in the upcoming weeks and the data captured during testing will confirm Leduc Reservoir flow rates and reservoir characteristics. Production data will be used to further inform the well scheme and the gathering and gas handling system for its planned commercial facility.

Shares of the company closed up $0.04 to $1.00 on Monday on the TSX Venture Exchange.