E3 Lithium Inks MOU with Epsilon CAM for 5,000 Tons of Lithium Carbonate Supply — E3 Lithium Ltd.

Event summary

E3 Lithium signed a non-binding MOU with Epsilon CAM on September 1, 2026, for potential supply of up to 5,000 tonnes per year of battery-grade lithium carbonate over five years.
The deal represents up to 40% of E3 Lithium’s proposed Stage 1 production of 12,000 tonnes per year from the Clearwater Project.
Epsilon CAM is developing a 30,000 tonnes per year cathode materials facility in India, with Phase 1 completion by early 2028.
Final volumes and commercial terms will be established as the parties progress towards a definitive agreement.

The big picture

This MOU underscores the strategic importance of diversifying battery material supply chains amid growing electric vehicle demand. E3 Lithium’s Clearwater Project and Epsilon CAM’s Indian facility represent a critical link between upstream lithium extraction and downstream cathode production, potentially reducing reliance on traditional supply routes. The deal highlights the increasing collaboration between North American resource developers and Asian battery material manufacturers to secure stable, long-term supply agreements.

What we're watching

Supply Chain Integration: How the integration of Canadian lithium resources with Indian cathode production will impact global battery supply chain resilience.
Commercialization Timing: The pace at which E3 Lithium advances the Clearwater Project toward final investment decision (FID) and definitive agreements.
Market Demand: Whether Epsilon CAM’s Gen III LFP product validations will drive long-term offtake commitments from global EV and energy storage industries.