E3 Metals Announces Filing of Year-end 2019 Financial Statements and MD&A
E3 Metals Announces Filing of Year-end 2019
Financial Statements and MD&A
TSXV: ETMC
FSE: OU7A
OTC: EEMMF
CALGARY
,
April 14, 2020
/CNW/ - E3 METALS CORP. (TSXV: ETMC, FSE: OU7A, OTC:
EEMMF) (the "Company" or "E3 Metals") announces that it has filed its annual audited 2019
Financial Statements for the year ended
December 31, 2019
and accompanying Management
Discussion and Analysis on its SEDAR profile at
www.sedar.com
. The financial statements and
MD&A will also be
posted on the Company's website
.
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
and 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 (877) 319-7634,
[email protected], e3metalscorp.com
CO: E3 Metals Corp.
CNW 18:21e 14-APR-20