E3 Lithium Expands Team
E3 Lithium Expands Team
CALGARY, AB
,
Feb. 16, 2023
/CNW/ - E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX:
EEMMF),
Alberta's
leading lithium developer and extraction technology innovator, today announced it
has expanded its team to include new technical and functional roles to support execution of E3
Lithium's (E3) growth plans.
E3 welcomes the following members to its team:
Greg Foofat
joins the E3 team as Manager, Investor Relations, and will provide valuable support to
the corporate strategy & sustainability department. Greg has close to 20 years of experience in
capital markets (equity research), investor relations, corporate communications and corporate
strategy.
Jimmy Zheng
is a senior metallurgist and will fulfil the Lithium Production Specialist role within E3's
Process Engineering team. A winner of NSERC's Industrial Research Fellowship, as well as the
Cameco Environmental Leadership Award, Jimmy brings more than 30 years of industry experience
to E3.
Audrey Boston
joins E3 as Operations Accountant. Bringing more than 20 years of experience in all
aspects of financial, capital, operations and joint venture accounting.
Daniela Buelvas
joins E3 as Administrative Assistant. Daniela's ten years of experience, coupled with
a Bachelor's degree in Social Communication, will prove invaluable to the members of staff she will
be supporting on a day-to-day basis.
"We are delighted to welcome the new members to the E3 team," said
Chris Doornbos
, President
and CEO of E3 Lithium. "Underpinned by world-class assets, the E3 team, including the new
additions, has built an excellent foundation from which to achieve our upcoming milestones this year
and towards our goal of first lithium by 2026."
About E3 Lithium
E3 Lithium is a development company with total of 24.3 million tonnes of lithium carbonate equivalent
(LCE) inferred mineral resources1 in
Alberta
. As outlined in E3's Preliminary Economic 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.
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.
1
: The Preliminary Economic Assessment (PEA) for the Clearwater Lithium Project NI 43-101 technical report is effective Sept 17, 2021. The mineral resource NI 43-101 Technical
Report for the North Rocky Property, effective October 27, 2017, identified 0.9Mt LCE (inferred). The mineral resource NI 43-101 Technical Report for theBashaw District Project,
effective July 11, 2022, identified 23.4MtLCE (inferred). All reports are available on the E3 Lithium's website (e3lithium.ca/technical-reports) and SEDAR (www.sedar.com)
SOURCE
E3 Lithium
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For further information:
E3 Lithium - Investor and Media Relations : Greg Foofat, Manager,
Investor Relations, [email protected], 587-324-2775
CO: E3 Lithium
CNW 03:05e 16-FEB-23