DTC provides an electronic method for transferring shares on the OTC Allows for more efficient and streamlined trading in
E3 Metals completes DTC eligibility for trading
shares in the United States
DTC provides an electronic method for transferring shares on the OTC
Allows for more efficient and streamlined trading in
the United States
TSXV: ETMC
FSE:
OU7A
OTC:
EEMMF
CALGARY
,
April 7, 2020
/CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC:
EEMMF) (The "Company" or "E3 Metals") is pleased to announce that it has met the requirements
to become eligible for the depository and book-entry services of The Depository Trust Company
(DTC) in
the United States
. E3 Metals trades on the OTC in
the United States
under the symbol:
EEMMF. DTC eligibility allows investors to trade and hold E3 Metals shares electronically. The
benefit to investors is a more streamlined and efficient method to digitally transfer E3 Metals shares
for those residing in
the United States
. Underwriters, brokers and other market players that are DTC
participants can use the service to effect the purchase or sale of E3's common shares through
DTC's automated processes. In addition, firms that are not direct participants but maintain a clearing
relationship with a DTC participant can use the service as a correspondent.
"The Company remains fully reporting to the TSX Venture Exchange which provides a high degree of
compliance and oversight; the DTC eligibility is a starting point for E3 Metals to trade more
effectively in
the United States
," commented E3 Metals CEO,
Chris Doornbos
, "E3 continues to
advance development of our lithium project for the growing electrification revolution. This project is
designed and will be built by the experts in
Alberta
on the backbone of the oil and gas industry. We
have a 100% owned, globally significant lithium resource base and we are working in partnership
with one of the leading global experts in lithium production and product quality. We are developing a
company-owned extraction technology, designed for purity, that is leading the charge towards the
future of lithium production across the globe."
About E3 Metals Corp.
E3 Metals is a lithium development company with 6.7 million tonnes lithium carbonate equivalent
(LCE) inferred mineral resources
1
in Alberta. E3 Metals is currently advancing its proprietary Ion
Exchange Direct Lithium Extraction Process (DLE Process) in partnership with Livent Corporation
under a Joint Development Agreement. Livent is the world's largest pure-play lithium producer, well-
known for being one of the lowest cost producers of lithium carbonate. With facilities across the
globe, Livent holds technical expertise in the extraction and production of various lithium products. E3
Metals also continues to work with partners at the
University of Alberta
and at GreenCentre Canada.
Through the successful scale up its DLE Process towards commercialization, E3 Metals plans to
quickly move towards the production of high purity, battery grade, lithium products. With a
significant lithium resource and innovative technology solutions, E3 Metals has the potential to deliver
lithium to market from one of the best jurisdictions in the world. The development of this lithium
resource through brine production is a well-understood venture in
Alberta
, where this brine is
currently being produced to surface through an extensive existing oil and gas infrastructure and
development. For more information about E3 Metals, visit
www.e3metalscorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
Chris Doornbos
, President & CEO
E3 METALS CORP.
Chris Doornbos
(P.Geo), CEO and Director of E3 Metals Corp., is a Qualified Person as defined by
NI 43-101 and has read and approved the technical information contained in this announcement.
1: E3 Metals has released information on three 43-101 Technical Reports totaling a resource of 6.7
Mt LCE. The Central Clearwater Resource Area (CCRA) Technical Report, identifying 1.9Mt LCE
(inferred), is dated effective
October 27, 2017
, and the North Rocky Resource Area (NRRA)
Technical Report was dated effective
October 27, 2017
, identifies 0.9Mt LCE (inferred). A third
report for the Exshaw West Resource Area (EWRA), identifies 3.9Mt LCE (inferred) and was filed
on
June 15, 2018
, effective
June 4, 2018
. All reports are available on SEDAR (
www.sedar.com
)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release includes certain forward-looking statements concerning the potential of the
Company's projects and technology, as well as management's objectives, strategies, beliefs and
intentions. Forward looking statements are frequently identified by such words as "may", "will",
"plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and
results. Forward-looking statements are based on the current opinions and expectations of
management. All forward-looking information is inherently uncertain and subject to a variety of
assumptions, risks and uncertainties, including the speculative nature of mineral exploration and
development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium
extraction technologies which have not yet been tested or proven on a commercial scale or on the
Company's brine, competitive risks and the availability of financing, as described in more detail in our
recent securities filings available at
www.sedar.com
. Actual events or results may differ materially
from those projected in the forward-looking statements and we caution against placing undue
reliance thereon. We assume no obligation to revise or update these forward-looking statements
except as required by applicable law.
SOURCE
E3 Metals Corp.
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%SEDAR: 00011471E
For further information:
205 - 227 10th St NW,
Calgary, AB T2N 1V5, +1 (587) 324-2775,
[email protected], e3metalscorp.com
CO: E3 Metals Corp.
CNW 03:05e 07-APR-20