E3 Metals Appoints John McNicol as Executive Advisor
E3 Metals Appoints John McNicol as Executive
Advisor
Highlights
Mr. McNicol brings a wealth of experience in corporate development to E3 Metals
advisory board
CALGARY
,
Jan. 22, 2019
/CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC:
EEMMF) (the "Company" or "E3 Metals") is pleased to announce the appointment of Mr.
John
McNicol
to the corporate advisory board as an Executive Advisor. John is a seasoned executive and
brings a wealth of experience in guiding companies through the development and negotiation of
industry collaborations.
Mr. McNicol was formerly the President and Co-CEO of Enwave Corporation where he helped build
the company's strategy, royalty revenue streams, licensing and collaboration agreements with
leading global players. He raised more than
$42 million
in financing and improved the liquidity and
market value from
$8 million
to
$120 million
. Prior to Enwave, Mr. McNicol held positions as
President, COO and Director of Concert Industries Ltd. and Merfin International Inc, two leading
airlaid non-wovens manufacturers where he helped both companies arrange more than
$400 million
in financing to support capacity expansion in
Canada
,
Europe
and
the United States
and grew
aggregate sales from less than
$20 million
to more than
$200 million
. Mr. McNicol was also with
HSBC Securities, Pemberton Securities and LRJ Capital and has considerable experience in equity
and investment banking.
Chris Doornbos
, CEO of E3 Metals commented, "The nascent Petro-Lithium industry continues to
evolve and as a Company with a significant Lithium Resource in
Alberta
, we are reviewing and
assessing various strategic opportunities to further develop our proprietary technology and advance
our project. John's experience and expertise strengthens our team and we look forward to his
contributions."
About E3 Metals Corp.
E3 Metals is a lithium company developing 6.7 Mt LCE of inferred mineral resources in
Alberta
.
Through the commercialization of its proprietary lithium extraction process, E3 plans to quickly move
towards the production of high purity, battery grade, lithium hydroxide.
E3 Metals Corp combines a significant resource with the right technology solutions that have the
potential to deliver lithium to market in one of the best jurisdictions in the world. Our prolific Leduc
Reservoir hosts lithium enriched brine with 6.7 million tonnes LCE inferred mineral resource
1
delineated to date. The development of this resource through brine production is a well understood
venture in
Alberta
, where this brine is currently being produced to surface through extensive oil and
gas development.
While the lithium brine and hydrocarbons are mutually exclusive, the Leduc Reservoir can support the
production of brine few others can boast, with one well having the ability to bring 10,000 m3/day
(115 L/s) to surface. With an average and consistent grade of 77.4 mg/L in the Clearwater
Resource Area
1
, E3 Metals' Ion-Exchange Technology can quickly produce a concentrate with a
grade as high as 1500mg/L
2
. With 99% of the impurities removed at the same time and recoveries
averaging 90%, this produces a concentrate feedstock that is likely to be processed directly by
conventional lithium production technology to produce high purity lithium hydroxide (LiOH∙H2O). The
company's plans are to deliver a process facility of 10,000 tonnes/year LiOH by 2022, and continue
expansion to an eventual 50,000 tonnes/year.
More information about E3 Metals can be found on our website by visiting:
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.
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: E3 Metals has released information on three 43-101 Technical Reports totalling 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
th
2018, effective
June 4
th
2018. All reports are available on SEDAR (
www.sedar.com
)
2: E3 Metals News Announcement
December 4
, 2018: Development of E3 Metals' Extraction
Technology Improves Lithium Concentration and Recovery (
www.sedar.com
)
SOURCE
E3 Metals Corp.
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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 03:05e 22-JAN-19