BOSTON, MA / ACCESSWIRE / August 20, 2024 / Pure Lithium Corporation "PL", a disruptive Boston-based vertically integrated lithium metal battery technology company, is pleased to announce it has signed a Joint Development Agreement, with E3 Lithium Ltd. (TSXV:ETL)(FSE:OW3)(OTCQX:EEMMF), "E3", Alberta's leading lithium developer and extraction technology innovator, to advance the design of a lithium metal anode and battery pilot plant and to complete a Preliminary Economic Assessment of a commercial lithium metal battery facility in Alberta using Pure Lithium's patented vertically integrated Brine to Battery? technology and E3's lithium concentrate.

E3 announced on June 29, 2022 that a lithium metal battery had been made by Pure Lithium from E3 lithium concentrate. At that time, the two companies signed a Memorandum of Understanding to complete further testing and validation work. Since then, Pure Lithium has been using E3's lithium concentrate to produce lithium metal cells that have higher energy density than today's lithium-ion batteries, and do not contain nickel, cobalt or graphite.

Over the next 12 months E3 and Pure Lithium will work together to complete a rigorous techno-economic model, continue joint scale-up efforts, and design a lithium metal anode and battery pilot facility to be built near Calgary, Alberta, using lithium from concentrate generated by E3. Upon successful completion of these studies, the two companies will evaluate the next steps, which could include construction and operation of the pilot to produce 200kg of lithium metal anodes for use in lithium metal vanadium rechargeable batteries. Upon successful completion of the pilot, the companies will move forward to demonstrate the world's first vertically integrated lithium metal battery production at commercial scale.

"Securing a supply of lithium is something all battery and battery material companies have historically struggled to do. We are doing things differently and solving this problem first with trusted partners prior to the commencement of battery productionM" said Pure Lithium Founder & CEO, Emilie Bodoin. "After two years of diligent work, E3 has continuously provided Pure Lithium with lithium concentrate and we are excited to use this concentrate as we scale. Producing our lithium metal anodes from concentrate dramatically reduces the cost of battery production. Eliminating the need to prepare anodes for shipping and handling also leads to increased performance in the battery. We are thrilled to be moving this project forward, and to continue working with the fantastic team at E3." Pure Lithium is represented by Skadden, Arps, Slate, Meagher & Flom LLP on the transaction.