E3 Lithium Announces Company Officer Appointments
E3 Lithium Announces Company Officer
Appointments
CALGARY, AB
,
July 19, 2022
/CNW/ - E3 LITHIUM LTD. (TSXV: ETL) (FSE: OU7A) (OTCQX:
EEMMF)
Alberta's
leading lithium developer and Direct Lithium Extraction (DLE) technology
innovator, is pleased to announce the appointment of three new company officers.
Leigh Clarke
joined E3 Lithium in early 2022 as its Director, Corporate Strategy & Sustainability and
was promoted to VP, Corporate Strategy & Sustainability in
June 2022
. Mr. Clarke is a seasoned
legal professional with more than 30 years of experience in the energy industry, including practicing
regulatory and energy law and as a senior vice president stewarding corporate strategy.
Peter Ratzlaff
joined E3 Lithium in early 2021 as its Director, Resource Development and was
promoted to VP, Resource Development in
June 2022
. Mr. Ratzlaff has more than 25 years of
diversified engineering, production and operations experience. Mr. Ratzlaff is a registered
Professional Engineer (
P.Eng
) with APEGA and leads E3 Lithium's drilling program and team, which
is currently drilling
Alberta's
first brine production wells for the purpose of evaluating lithium.
Chris Ward
joined E3 Lithium in early 2021 as its Manager, Process Development and was
promoted to VP, Clearwater Project in
June 2022
. Mr. Ward has more than 25 years of experience
in design, operations and project management of mining assets across North and
South America
,
completing several +$1B projects. Mr. Ward is a registered Professional Engineer (
P.Eng
) with
APEGA and is overseeing E3 Lithium's field pilot plant, Pre-Feasibility Study (PFS) and progress to
commercial operations.
"The promotions of Leigh, Peter and Chris reflect the maturation of the company, aligned with our
significant growth plans over the short- and long-term," said
Chris Doornbos
, President and CEO of
E3 Lithium. "These professionals are playing key roles in driving the company to achieve some major
milestones, including the successful completion of a drilling program, field pilot plant and Pre-
Feasibility Study, to steadily move towards commercial production of battery quality, EV-ready
lithium."
Mr. Clarke, Mr. Ratzlaff and Mr. Ward have been appointed as company officers, joining
Chris
Doornbos
and
Raymond Chow
, CFO.
About E3 Lithium
E3 Lithium is a development company with total of 24.3 million tonnes of lithium carbonate equivalent
(LCE) inferred mineral resources
1
in Alberta. As outlined in E3's Pre-liminary Assessment, the
Clearwater Lithium Project has an NPV8% of
USD 1.1 Billion
with a 32% IRR pre-tax and
USD 820
Million
with a 27% IRR after-tax
1
. Through the successful scale up its DLE technology towards
commercialization, E3 Lithium's goal is to produce high purity, battery grade lithium products. With a
significant lithium resource and innovative technology solutions, E3 Lithium has the potential to deliver
lithium to market from one of the best jurisdictions in the world.
ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos
, President & CEO
E3 Lithium Ltd.
1: The Preliminary Economic Assessment (PEA) of the Clearwater Lithium Project NI 43-101 technical report is effective Sept 17, 2021. The mineral resource NI 43-101 Technical
Report over the North Rocky Resource Area (NRRA), effective October 27, 2017, identified 0.9Mt LCE (inferred). The Bashaw District resource estimate is outlined with the news
release titled "E3 Lithium Outlines 23.4 Mt LCE Inferred Mineral Resource in Consolidated Bashaw District" dated July 11, 2022, the full technical report will be made available within
45 days of the news release date. All reports are available on the Company's website (e3lithium.ca/technical-reports) and SEDAR (www.sedar.com)
Forward-Looking and Cautionary Statements
This news release includes certain forward-looking statements 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.
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.
SOURCE
E3 Lithium Ltd.
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For further information:
E3 Lithium - Investor and Media Relations: Robin Boschman, Director,
External Relations, [email protected], 587-324-2775
CO: E3 Lithium Ltd.
CNW 03:05e 19-JUL-22