Roth Capital increase target price to $8.50ETL.V: Gets C$27 Million Government Investment; Fireside Chat December 6th On November 28, 2022, ETL.V announced it had received an investment from the SIF for C$27 million. We view this as a significant positive for the company as it reduces near-term risks and potential dilution. As a result, we are increasing our price target from C$7.50 to C$8.50 to reflect lower future dilution assumptions. Additionally, we will be hosting a fireside chat with management on December 6, 2022 (details below). E3 receives C$27 million investment from SIF. On November 28, 2022, E3 Lithium announced it had received an investment of C$27 million from the Canadian Government's Strategic Innovation Fund (SIF). The investment is structured as a reimbursement of expenses related to developing E3's project and technology. The reimbursement rate is 33.94% of total expenses up to a total reimbursement of C$27 million and is retroactive to August 2021 when E3 initially applied for the funding. Ultimately, E3 may need to repay the funding out of future revenue, but we still see this as a significant positive development as it reduces near-term capital needs for the company. Additionally, we believe this reflects confidence and support from the Canadian Government. ROTH to host fireside chat December 6, 2022. On December 6, 2022, ROTH Capital Partners will be hosting a webinar fireside chat with E3 Lithium CEO, Chris Doornbos. We will discuss the aforementioned investment by SIF as well as other developments and future plans for E3. If you would like to attend the webinar please register here or contact your sales representative. Increasing price target to C$8.50. Mostly as a result of the aforementioned C $27 million investment by SIF and the indirect reduction in future capital needs, we are increasing our price target from C$7.50 to C$8.50. Additionally, we are reiterating our Buy rating as we believe E3 has additional potential positive catalysts on the horizon. Most notably, we believe advancing to pilot-stage should result in a significant rerating of the company by the market.