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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$125.00M | -239.13 | -0.96% | ― | ― | -107.23% | |
53 Neutral | C$67.77M | -25.31 | -4.48% | ― | ― | 27.68% | |
52 Neutral | C$50.46M | -11.99 | -32.98% | ― | ― | 31.55% | |
46 Neutral | C$106.10M | -8.23 | -34.52% | ― | ― | 36.48% | |
45 Neutral | C$86.82M | -7.69 | -20.41% | ― | ― | -2.52% | |
39 Underperform | C$34.22M | -2.12 | -122.87% | ― | ― | -692.49% |
E3 Lithium Corporate Events
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.
E3 Lithium announced it will host a quarterly webinar on November 5, 2025, to discuss recent developments and future plans for commercial lithium production. The webinar will cover achievements at their demonstration facilities, recent equity financing, and the company’s role in the North American critical minerals strategy, highlighting upcoming milestones for the Clearwater Project.
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 commenced drilling its third lithium well as part of Phase 2 of its Demonstration Facility development in central Alberta. This phase aims to gather critical data to support the design of a commercial lithium facility, building on the successful production of battery-grade lithium carbonate in Phase 1. The drilling program is expected to enhance understanding of reservoir performance and support engineering and permitting work for future commercial operations, indicating a significant step towards E3 Lithium’s commercial ambitions.
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 commenced construction on its Phase 2 demonstration facility site in Alberta’s Clearwater Project Area, following the approval of necessary permits. This phase involves drilling wells to gather data on reservoir characteristics, which will inform the development of a commercial facility. The company emphasizes environmental stewardship and collaboration with local stakeholders as it advances this project.
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 signed a non-binding memorandum of understanding with Axens to sell lithium carbonate and receive a lithium selective sorbent. This collaboration aims to enhance E3 Lithium’s supply chain and market reach, particularly in Europe, while supporting Axens’ development of sorbents for Direct Lithium Extraction. The agreement is expected to de-risk E3’s Clearwater Project and facilitate the production of battery-grade lithium carbonate, positioning the company favorably in the critical minerals market.
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 closed an upsized equity offering, raising $12.2 million to enhance its financial position and support the advancement of its Clearwater Project. The funds will be used to progress the Demonstration Facility, support engineering design, and advance the permitting process, with the goal of completing feasibility by the end of 2026. This financial move is expected to strengthen E3 Lithium’s market position and attract new institutional investors, as the company aims to be the first to commercially produce battery-grade lithium in Canada.
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 announced an increase in its previously announced equity offering to $12.18 million, led by TD Securities Inc. and Roth Canada Inc. The proceeds from this offering will be used to advance the company’s Clearwater Lithium Project and for general working capital purposes, potentially enhancing its operational capabilities and market position. The offering is expected to close around October 14, 2025, pending necessary approvals.
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 Ltd. has announced a marketed public offering of units to raise up to C$10 million, led by TD Securities Inc. The proceeds will be used to advance the Clearwater Lithium Project and for general working capital. This offering is significant for E3 Lithium as it supports the development of their key project, potentially enhancing their market position 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.