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E3 Lithium
(ETL)
E3 Lithium (ETL) vs. iShares MSCI Canada ETF (EWC)
E3 Lithium Business Overview & Revenue Model
E3 Lithium Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -384.00K | -267.00K | -179.00K | -175.00K | -128.00K | -49.41K |
| EBITDA | -9.32M | -9.38M | -9.60M | -6.73M | -4.63M | -2.07M |
| Net Income | -9.79M | -9.70M | -9.04M | -7.26M | -4.80M | -2.10M |
Balance Sheet | ||||||
| Total Assets | 44.62M | 54.97M | 61.99M | 36.10M | 25.99M | 10.64M |
| Cash, Cash Equivalents and Short-Term Investments | 3.89M | 19.32M | 30.02M | 13.25M | 17.84M | 6.47M |
| Total Debt | 794.00K | 916.00K | 637.00K | 584.00K | 266.00K | 168.31K |
| Total Liabilities | 3.32M | 4.24M | 4.83M | 2.63M | 990.00K | 544.18K |
| Stockholders Equity | 41.30M | 50.73M | 57.15M | 33.47M | 25.00M | 10.10M |
Cash Flow | ||||||
| Free Cash Flow | -8.41M | -6.98M | -8.41M | -9.47M | -5.58M | -2.40M |
| Operating Cash Flow | -6.59M | -6.68M | -5.86M | -5.49M | -2.85M | -1.59M |
| Investing Cash Flow | -9.72M | -10.71M | -13.81M | -12.71M | -3.36M | -807.68K |
| Financing Cash Flow | -2.69M | 6.69M | 36.44M | 13.60M | 17.33M | 7.90M |
E3 Lithium Technical Analysis
E3 Lithium Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$127.24M | -247.83 | -0.96% | ― | ― | -107.23% | |
52 Neutral | C$94.21M | -35.19 | -4.48% | ― | ― | 27.68% | |
52 Neutral | C$54.67M | -11.32 | -32.98% | ― | ― | 31.55% | |
50 Neutral | C$29.21M | -3.02 | -122.87% | ― | ― | -692.49% | |
48 Neutral | C$119.94M | -9.30 | -34.52% | ― | ― | 36.48% | |
47 Neutral | $105.06M | -9.31 | -20.41% | ― | ― | -2.52% |
E3 Lithium Corporate Events
E3 Lithium reported a successful 2025 marked by commissioning Phase 1 of its Clearwater Demonstration Facility, producing battery-grade lithium carbonate, strengthening its leadership team, and raising about $20 million through equity, asset sales and government funding to advance the project. For 2026, the company aims to deliver more battery-grade product to potential offtakers, complete its demonstration facility, progress Front-End Engineering Design and a full Feasibility Study by year-end, and advance key permits, including Environmental Protection and Enhancement Act and Directive 056 facility licence applications, to move the Clearwater Project toward shovel-ready status and bolster its commercialization prospects in the global lithium market.
The most recent analyst rating on (TSE:ETL) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on E3 Lithium stock, see the TSE:ETL Stock Forecast page.
E3 Lithium has submitted its Directive 056 facility licence application to the Alberta Energy Regulator for the Central Processing Facility at its Clearwater Project, marking a major permitting milestone following its late-2025 Environmental Protection and Enhancement Act filing. Together, approvals under Directive 056 and the EPEA would grant key provincial authority to construct and operate the facility, underpinning a staged development plan targeting initial production of 12,000 tonnes of lithium carbonate per year, with the project expected to support substantial job creation in Alberta and strengthen E3’s progress from demonstration-scale battery-grade output toward commercial operations.
The most recent analyst rating on (TSE:ETL) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on E3 Lithium stock, see the TSE:ETL Stock Forecast page.
E3 Lithium has begun and will continue shipping battery-grade lithium carbonate produced at its Alberta demonstration facility to prospective global offtake and strategic partners across the lithium battery supply chain. The demonstration plant, designed from its 2024 pre-feasibility study and commissioned in 2025, reached battery-grade specifications within three weeks and is consistently meeting stringent purity requirements, enabling customer qualification, advancing talks on long-term offtake agreements and supporting front-end engineering and design work for the Clearwater Project’s planned commercial-scale operation.
The most recent analyst rating on (TSE:ETL) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on E3 Lithium stock, see the TSE:ETL Stock Forecast page.
E3 Lithium has completed the sale of its non-core Estevan Lithium District assets in Saskatchewan, generating US$4.0 million in proceeds. This transaction allows the company to concentrate on its flagship Clearwater Project in Alberta, providing additional non-dilutive capital to advance its development and engineering efforts.
The most recent analyst rating on (TSE:ETL) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on E3 Lithium stock, see the TSE:ETL Stock Forecast page.
E3 Lithium has initiated the permitting process for its Clearwater Project Central Processing Facility by submitting an Environmental Protection and Enhancement Act (EPEA) application to the Alberta Energy Regulator. This step marks a significant milestone in advancing the company’s commercialization plans for lithium production in Alberta. The facility aims to produce up to 32,000 tonnes of lithium carbonate annually, with the first phase targeting 12,000 tonnes per year. The permitting process involves stakeholder consultation and is expected to take longer than usual due to it being the first EPEA application for a lithium production facility in the region.
The most recent analyst rating on (TSE:ETL) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on E3 Lithium stock, see the TSE:ETL Stock Forecast page.
E3 Lithium has successfully completed the drilling phase of its Phase 2 Demonstration Program at its facility in central Alberta, marking a significant milestone in its operations. The company is advancing towards production testing, which will provide critical data for lithium carbonate production, potentially enhancing its market position. Additionally, E3 Lithium announced a leadership change, welcoming Sarfraz Somani as Director of Capital Markets, which may influence its investor relations and external communications strategy.
The most recent analyst rating on (TSE:ETL) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on E3 Lithium stock, see the TSE:ETL Stock Forecast page.
E3 Lithium has reported its third-quarter financial results for 2025, highlighting significant operational and financial milestones. The company successfully produced 99.7% pure battery-grade lithium carbonate, validating its Direct Lithium Extraction system. Additionally, E3 Lithium strengthened its balance sheet by selling non-core assets and completed a public offering to enhance financial flexibility. The company is advancing its Clearwater Project with ongoing construction and drilling activities, aiming to deliver a feasibility study and move towards a ‘shovel ready’ stage by 2026.
The most recent analyst rating on (TSE:ETL) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on E3 Lithium stock, see the TSE:ETL Stock Forecast page.
E3 Lithium is hosting a webinar to update stakeholders on its recent achievements and future plans, including progress on its demonstration facilities and its positioning within the North American critical minerals strategy. The company will also discuss government initiatives supporting lithium development and upcoming milestones for its Clearwater Project, highlighting its strategic importance in the lithium industry.
The most recent analyst rating on (TSE:ETL) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on E3 Lithium stock, see the TSE:ETL Stock Forecast page.
E3 Lithium announced the partial exercise of an over-allotment option, resulting in the issuance of additional common shares and warrants, raising an aggregate of $1,267,925. The company has applied for the listing of these warrants on the TSX Venture Exchange, which are expected to commence trading on November 5, 2025. This move strengthens E3 Lithium’s financial position and enhances its market presence, potentially benefiting stakeholders by increasing liquidity and investment opportunities.
The most recent analyst rating on (TSE:ETL) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on E3 Lithium stock, see the TSE:ETL Stock Forecast page.