E3 Lithium (TSE:ETL)
:ETL
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E3 Lithium
(ETL)
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Rating:53Neutral
Price Target:
C$1.00
▼(-13.04% Downside)
Action:ReiteratedDate:04/10/26
The score is primarily held back by weak financial performance driven by pre-revenue operations, ongoing losses, and negative cash flow, despite a comparatively solid low-debt balance sheet. Technicals are supportive with price above key moving averages and moderate momentum, while valuation is difficult to justify due to negative earnings and no dividend data.
Positive Factors
Low Leverage / Strong Balance Sheet
Very low leverage and modest absolute debt provide durable financial flexibility for a development-stage miner. This reduces near-term refinancing risk and supports capital deployment for pilot and project builds over the next 2–6 months while the company advances commercialization milestones.
Negative Factors
Pre-Revenue Operations
Being pre-revenue means no operating cash inflows and commercial execution risk remains the primary determinant of value. Revenue generation timelines are uncertain, so progress depends on pilot/commercial scaling and off-take success, leaving near-term business risk elevated until product sales begin.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Balance Sheet
Very low leverage and modest absolute debt provide durable financial flexibility for a development-stage miner. This reduces near-term refinancing risk and supports capital deployment for pilot and project builds over the next 2–6 months while the company advances commercialization milestones.
Read all positive factors
E3 Lithium (ETL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$100.80M
Dividend YieldN/A
Average Volume (3M)127.45K
Price to Earnings (P/E)―
Beta (1Y)0.93
Revenue GrowthN/A
EPS Growth-2.52%
CountryCA
Employees29
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding87,648,060
10 Day Avg. Volume145,492
30 Day Avg. Volume127,449
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)1.30
Price to Sales (P/S)0.00
P/FCF Ratio-14.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$2.99Price Target Upside160.40% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
E3 Lithium Business Overview & Revenue Model
Company Description
E3 Lithium Ltd., a resource company with mineral properties, focuses on technology development for lithium extraction from Alberta brines contained in its mineral properties. The company was formerly known as E3 Metals Corp. and changed its name t...
How the Company Makes Money
null...
E3 Lithium Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
30
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -380.00K | -267.00K | -179.00K | -175.00K | -128.00K |
| EBITDA | -9.75M | -9.38M | -9.60M | -6.73M | -4.63M |
| Net Income | -6.20M | -9.70M | -9.04M | -7.26M | -4.80M |
Balance Sheet | |||||
| Total Assets | 63.35M | 54.97M | 61.99M | 36.10M | 25.99M |
| Cash, Cash Equivalents and Short-Term Investments | 16.32M | 19.32M | 30.02M | 13.25M | 17.84M |
| Total Debt | 751.00K | 916.00K | 637.00K | 584.00K | 266.00K |
| Total Liabilities | 7.77M | 4.24M | 4.83M | 2.63M | 990.00K |
| Stockholders Equity | 55.58M | 50.73M | 57.15M | 33.47M | 25.00M |
Cash Flow | |||||
| Free Cash Flow | -5.11M | -6.98M | -8.41M | -9.47M | -5.58M |
| Operating Cash Flow | -5.09M | -6.68M | -5.86M | -5.49M | -2.85M |
| Investing Cash Flow | -8.46M | -10.71M | -13.81M | -12.71M | -3.36M |
| Financing Cash Flow | 10.55M | 6.69M | 36.44M | 13.60M | 17.33M |
E3 Lithium Technical Analysis
Positive
1.15
Price Trends
1.12
Positive
1.06
Positive
1.15
Negative
Market Momentum
<0.01
Negative
56.04
Neutral
84.44
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ETL, the sentiment is Positive. The current price of 1.15 is above the 20-day moving average (MA) of 1.09, above the 50-day MA of 1.12, and below the 200-day MA of 1.15, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.04 is Neutral, neither overbought nor oversold. The STOCH value of 84.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ETL.
E3 Lithium Peers Comparison
UnderperformOutperform
Sector (61)
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$141.75M | 11.50 | -1.09% | ― | ― | -107.23% | |
53 Neutral | C$100.80M | -11.68 | -21.77% | ― | ― | -2.52% | |
53 Neutral | C$39.53M | -14.37 | -123.28% | ― | ― | -692.49% | |
52 Neutral | C$65.66M | -7.47 | -35.75% | ― | ― | 31.55% | |
48 Neutral | C$113.02M | -9.60 | -35.13% | ― | ― | 36.48% | |
43 Neutral | C$71.31M | -23.09 | -3.68% | ― | ― | 27.68% |
* Basic Materials Sector Average
TSE:ETL
E3 Lithium
1.15
0.46
66.67%
TSE:LCE
Century Lithium
0.40
0.07
19.70%
TSE:LITH
Lithium Chile Inc
0.64
0.05
7.63%
TSE:LIS
Lithium South Development
0.50
0.41
450.00%
TSE:RCK
Rock Tech Lithium
0.98
-0.05
-4.85%
TSE:LBNK
LithiumBank Resources Corp.
0.67
0.40
143.64%
E3 Lithium Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
E3 Lithium Releases 2025 Year-End Financial Results and Disclosure Documents
Positive
Apr 9, 2026
E3 Lithium has filed its consolidated financial statements for the year ended December 31, 2025, along with its Management’s Discussion and Analysis and Annual Information Form, making the documents available on SEDAR+ and the company’...
Business Operations and Strategy
E3 Lithium Strikes Strategic TKMS Pact to Supply Critical Minerals for Canada’s Submarine Push
Positive
Apr 8, 2026
E3 Lithium has signed a teaming agreement with Germany’s TKMS, a major naval shipbuilder, to create a strategic framework for integrating Canadian lithium into secure supply chains for defense and other strategic applications, particularly i...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
E3 Lithium Advances Clearwater Demonstration Facility and Ties Staff Incentives to Key Project Milestones
Positive
Mar 9, 2026
E3 Lithium is advancing Phase 2 of its demonstration facility east of Olds, Alberta, where it has drilled and is completing a new brine production and injection well pair targeting the Leduc reservoir. The program will generate key reservoir and b...
Business Operations and StrategyPrivate Placements and Financing
E3 Lithium Secures Conditional C$36.5 Million Federal Grant to Advance Clearwater Project
Positive
Mar 2, 2026
E3 Lithium has received conditional approval for up to C$36.5 million in non-repayable federal funding under Canada’s Global Partnerships Initiative to accelerate development of its Clearwater lithium project in Alberta. The support will cov...
Business Operations and Strategy
E3 Lithium to Highlight Alberta Projects at PDAC 2026 and Switches Market Maker to ICP Securities
Positive
Feb 18, 2026
E3 Lithium will showcase its Alberta lithium projects at the 2026 Prospectors and Developers Association of Canada convention in Toronto, using the high-profile industry gathering to engage directly with potential customers, governments, strategic...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and FinancingRegulatory Filings and Compliance
E3 Lithium Advances Clearwater Project With 2025 Milestones and Sets 2026 Commercialization Targets
Positive
Jan 29, 2026
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...
Business Operations and StrategyRegulatory Filings and Compliance
E3 Lithium Files Key Facility Licence for Clearwater Project in Alberta
Positive
Jan 20, 2026
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 Prote...
Business Operations and StrategyProduct-Related Announcements
E3 Lithium Ships Battery-Grade Product to Advance Offtake Deals and Clearwater Project
Positive
Jan 15, 2026
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, d...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.