E3 Metals Awarded a Technology Development Project Under GreenCentre Canada's RISE Program
E3 Metals Awarded a Technology Development Project
Under GreenCentre Canada's RISE Program
TSXV: ETMC
FSE:
OU7A
OTC:
EEMMF
HIGHLIGHTS
The Technology Development Project was awarded through GreenCentre Canada's Raising Innovative and
Sustainable Enterprises (RISE) Program
The RISE Program will provide a 6-month Development Project at no cost to advance E3's proprietary Ion
Exchange Lithium Extraction Technology
CALGARY
,
Aug. 14, 2019
/CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC: EEMMF) (the "Company"
or "E3" or "E3 Metals") is pleased to announce that the project "Lithium Extraction from Alberta Oilfield Brines" has been
selected for GreenCentre Canada's Raising Innovative and Sustainable Enterprises (RISE) Program. This program will
provide a 6-month Development Project with access to GreenCentre Canada's full suite of services to further advance
the Company's Proprietary Ion Exchange Lithium Extraction Technology.
GreenCentre's RISE Program assists Canadian businesses that are actively developing sustainable chemistry and
materials related products or processes based on innovative technology originating from a Canadian post-secondary
institution. The goal of the program is to accelerate the scale-up and commercialization of sustainable technologies,
bringing benefits to both the environment and the economy.
Under the RISE program, GreenCentre will conduct key experiments aimed at optimizing the performance of E3 Metals'
proprietary Ion Exchange Technology and continue to operate the flow system built with Kingston Process Metallurgy
(see news release dated
July 31, 2019
on
www.sedar.com
).
"GreenCentre has contributed significantly to the advancement of E3's proprietary Ion Exchange Technology and we are
very encouraged to have been selected for the RISE Program," commented E3 Metals Corp. CEO
Chris Doornbos
.
"The project will assist E3 in operating the lab-scale flow system, advancing the ion exchange sorbent material and
working towards scaling the process towards a pilot."
About E3 Metals Corp.
E3 Metals is a lithium development company with 6.7 million tonnes lithium carbonate equivalent (LCE) of inferred
mineral resources
1
in
Alberta
. Through the commercialization of its proprietary ion exchange lithium extraction
technology, 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. 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 an average and consistent lithium grade of 77.4 mg/L in the Clearwater Resource Area
1
E3
Metals' proprietary lithium extraction technology can quickly produce a concentrate with a grade over 5000mg/L
2
. With
99% of the impurities removed at the same time and recoveries averaging 90%
3
, 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 lithium hydroxide by 2022
and continue expansion to an eventual 50,000 tonnes lithium hydroxide/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.
1: E3 Metals has released information on three 43-101 Technical Reports totaling a resource of 6.7 Mt lithium
carbonate equivalent. 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
)
2: E3 Metals News Release,
March 4, 2018
: E3 Metals Achieves Major Milestone with Breakthrough Performance of its
Proprietary Lithium Extraction Technology. Available on
www.e3metalscorp.com
and SEDAR (
www.sedar.com
)
3: E3 Metals News Release,
December 4, 2018
: Development of E3 Metals' Extraction Technology Improves Lithium
Concentration and Recovery. Available on
www.e3metalscorp.com
and 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:
CONTACT INFORMATION: 205 - 227 10th St NW, Calgary, AB T2N 1V5, +1 (587) 324-
2775, [email protected], e3metalscorp.com
CO: E3 Metals Corp.
CNW 03:05e 14-AUG-19