E3 Lithium Welcomes Industry Veteran Kevin Carroll as Chief Development Officer and Expands Senior Leadership Team
E3 Lithium Welcomes Industry Veteran Kevin
Carroll as Chief Development Officer and
Expands Senior Leadership Team
CALGARY, AB
,
April 17, 2023
/CNW/ -
E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX:
EEMMF), "E3" or the "Company,"
Alberta's
leading lithium developer and extraction technology
innovator, today announced that
Kevin Carroll
has joined the Company as the Chief Development
Officer (CDO) and will be responsible for the technical, process and project management aspects
for E3 as the Company continues developing the commercial lithium facility in
Alberta
.
Kevin is a professional engineer with more than 30 years of operations and engineering experience
in
Alberta
. He co-founded Huron Resources in 2013, leading the team responsible for the technical
direction of the company. His prior experience includes Shell Canada, Star Oil & Gas, ARC
Resources and Huron Energy. He is an expert in managing facility and infrastructure projects, drilling
and completion programs along with development, planning and subsurface engineering activities.
Kevin also brings extensive landowner, Indigenous, Crown and regulatory stakeholder relations
experience, particularly for developing projects, and has implemented Health, Safety and
Environment (HSE), as well as technical integrity programs at prior companies. Kevin will report to
Chris Doornbos
, President & CEO of E3 Lithium.
"I am excited to be working with the exceptional E3 team to guide the execution of E3's commercial
lithium facility in a safe, responsible and efficient manner," said
Kevin Carroll
.
"We are thrilled to be bringing someone of Kevin's calibre into the role of CDO at E3. Kevin's well-
rounded experience in developing similar assets in
Alberta
is important for E3 as we look to move
into the more advanced design and construction phases of our developments," said
Chris Doornbos
,
President and CEO of E3 Lithium. "Kevin will take on full oversight of the development of the
Company's technical focus, allowing me to focus on continuing to build the Company."
E3 is also pleased to welcome
Brian Ceelen
as its Director, Commercial Development. Brian is a
professional engineer with more than 15 years of experience in the energy industry, including in
operational, engineering and commercial roles, most recently as Manager of Business Development
at Steel Reef Infrastructure Corp. Brian is the commercial lead for E3, focused on building and
maintaining relationships within the lithium industry that are strategic to the growth and success of
E3's corporate goals. Reporting to
Leigh Clarke
, Vice President, Corporate Strategy &
Sustainability, Brian will lead negotiations and strategy development for business development,
licensing and lithium offtake.
Kevin and Brian were granted stock options as part of the Company's staff option program under the
rolling 10% stock option plan.
About E3 Lithium
E3 Lithium is a development company with a total of 16.0 million tonnes of lithium carbonate
equivalent (LCE) Measured and Indicated and 0.9 million tonnes LCE Inferred mineral resources
1
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
. E3 Lithium's goal is to produce high purity, battery grade lithium products to power the growing
electrical revolution. 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) 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 the Bashaw District (measured & indicated) will be
available 45 days from
March 21, 2023
. All reports are available on the E3 Lithium'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
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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 17-APR-23