E3 Metals Awarded Alberta Innovates Grant
E3 Metals Awarded Alberta Innovates Grant
CALGARY, AB
,
Sept. 8, 2020
/CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC:
EEMMF) (the "Company" or "E3 Metals"), an emerging lithium developer and leading lithium
extraction technology innovator, today announced the receipt of a government grant totaling
$98,798
from Alberta Innovates that will assist in funding a project to determine the development plan and
costs of brine production from the Leduc Reservoir in Alberta. This work is being completed through
a joint collaboration with Scovan Engineering Inc. and Fluid Domains Inc.
Alberta
has abundant lithium resources that have not been produced commercially to date. E3
Metals has developed the key to unlocking this brine resource – a proprietary Direct Lithium
Extraction ("DLE") technology that is being optimized and scaled up in collaboration with global
lithium producer Livent Corporation (NYSE:LTHM). This technology allows the Company to extract
lithium from its lithium brine resource at faster production and higher recovery rates than others in
the industry.
E3 Metals was successful in receiving funding through the Voucher program at Alberta Innovates.
The Company will be integrating its DLE technology with traditional oilfield methods. Using the
drilling, reservoir and facilities expertise based in
Alberta
, this project aims to optimize and deliver
project solutions along with capital expenditure estimates for lithium brine production and brine pre-
treatment.
"The development work included under this grant will lay the foundation as we begin work towards
project feasibility," commented
Chris Doornbos
, chief executive officer of E3 Metals Corp. "This
grant greatly assists the Company's advancement and we appreciate the support from Alberta
Innovates."
This will be the first work of its kind in
Alberta
that focuses on lithium, supporting a new and highly
prospective industry, aligning with the Canada-US Joint Action Plan on Critical Minerals strategy,
which secures supply chains for critical minerals needed for important sectors. The delivery of this
work supports E3 Metals' growth and advancement as the Company moves towards the goal of
battery grade lithium compound production in
Alberta
.
About Scovan Engineering
Scovan Engineering is a
Calgary
-based firm that specializes in offering innovative and sustainable
solutions for industrial, renewable and emerging energy projects. Their multidisciplinary team
provides engineering, procurement and construction management services (EPCM). Key
management personnel includes president
Donovan Nielsen
, a professional mechanical engineer
from the
University of Alberta
with experience in steam-assisted gravity drainage (SAGD), fuel cells
and other innovative energy technologies.
About Fluid Domains Inc.
Fluid Domains is a hydrogeology consultancy that provides technical support to clients from many
sectors, including: energy, consulting companies, municipalities, mining, policy development and
expert testimony.
Gordon MacMillan
, P.Geol., is a key management person who will be heavily
involved with the project. Mr. MacMillan is an owner of Fluid Domains and has 20 years of
experience providing strategic leadership on modelling and hydrogeological characterization.
About Alberta Innovates
Alberta Innovates is a provincially funded corporation with a mandate to deliver 21st-century
solutions for the most compelling challenges facing Albertans. They do this by building on the
province's research and technology development strengths in the core sectors of health,
environment, energy, and food and fibre, and platforms such as clean technology, digital technology
for business transformation, data-enabled innovation, and innovative production and distribution.
They work with partners to diversify the provincial economy, improve environmental performance and
enhance Albertans' well-being through research and innovation.
albertainnovates.ca
About E3 Metals
E3 Metals is a lithium development company with 6.7 million tonnes of lithium carbonate equivalent
(LCE) inferred mineral resources
1
in
Alberta
. E3 Metals is currently advancing its proprietary direct
lithium extraction (DLE) process in partnership with Livent Corporation, a global leader in lithium
production, under a joint development agreement. 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. E3 Metals also continues to work with partners at the
University of Alberta
and at
GreenCentre Canada. For more information about E3 Metals, visit
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 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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http://www.newswire.ca/en/releases/archive/September2020/08/c1700.html
%SEDAR: 00011471E
For further information:
Tel: +1 (587) 324-2775, Email: [email protected], Website:
e3metalscorp.com
CO: E3 Metals Corp.
CNW 06:30e 08-SEP-20