E3 Metals Begins Evaluation of Commercial Sorbent Manufacturing Process for Upcoming Field Pilot
E3 Metals Begins Evaluation of Commercial
Sorbent Manufacturing Process for Upcoming
Field Pilot
CALGARY, AB
,
April 6, 2022
/CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTCQX:
EEMMF) (the "Company" or "E3 Metals"), an emerging lithium developer and leading Direct Lithium
Extraction ("DLE") technology innovator, is pleased to announce that the Company has engaged
several specialty equipment providers to evaluate manufacturing methods for its proprietary ion-
exchange sorbent used as part of its Direct Lithium Extraction process.
The goal of this work is to delineate a scalable manufacturing process to produce E3 Metal's
proprietary ion-exchange beads at a large scale. While the immediate need is to deliver large
quantities of the sorbent material for the Company's upcoming Pilot Plant, this ability to scale the
sorbent manufacturing process carries forward to commercial scale for E3 Metals' DLE technology.
This means that upon the successful completion of this work, the Company will have delineated large
scale production equipment and processes that may be implemented for a commercial DLE plant.
This could potentially lead to provide the opportunity for E3 Metals to produce its proprietary sorbent
material for licensing to third parties.
The preliminary results from the initial production run of E3 Metal's proprietary sorbent received
through the vendor evaluation process demonstrates the larger scale equipment can produce a
sorbent that performs on par to E3 Metals inhouse sorbent. Further scale up and validation testing is
underway.
"Commercial scale manufacturing of our DLE sorbent is a significant milestone for the Company,"
commented E3 Metals CEO,
Chris Doornbos
. "The machinery used to run the pilot plant is an
important part of the development, however, it is the proprietary sorbent that does the real work in
extracting lithium from the brine. It is the two combined that represent the significant de-risking
accomplishment that E3 Metals is moving towards. Having both a large resource base and its own
ion-exchange DLE technology puts the Company firmly in the driver's seat. More important than
ever, developing secure supply of domestic North American critical minerals enables the electrified
world and the movement towards EV's."
About E3 Metals Corp.
E3 Metals is a lithium development company with 7.0 million tonnes of lithium carbonate equivalent
(LCE) inferred mineral resources
1
in
Alberta
and an NPV8% on its Clearwater Lithium Project of
USD 1.1 Billion
with a 32% IRR pre-tax and
USD 820 Million
with a 27% IRR after-tax
1
. Through the
successful scale up its DLE technology towards commercialization, E3 Metals' goal is to produce
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
http://www.e3metalscorp.com
.
ON BEHALF OF THE BOARD OF DIRECTORS,
Chris Doornbos
, President & CEO
E3 METALS CORP.
1: The Preliminary Economic Assessment (PEA) of the Clearwater Lithium Project NI 43-101
technical report is effective
Dec 21, 2020
. E3 Metals has also released three NI 43-101 Technical
Reports providing a total resource of 7.0Mt LCE. The Clearwater Lithium Project PEA resource
estimate, identifying 2.2Mt LCE (inferred) effective
December 21, 2020
; the North Rocky Resource
Area (NRRA) Technical Report effective
October 27, 2017
identifying 0.9Mt LCE(inferred); and the
Exshaw West Resource Area (EWRA) identifying 3.9Mt LCE (inferred) dated
June 4, 2018
. All
reports are available on the Company's website (e3metalscorp.com/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 Metals Corp.
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http://www.newswire.ca/en/releases/archive/April2022/06/c8533.html
%SEDAR: 00011471E
For further information:
Email: [email protected], Website: e3metalscorp.com
CO: e3 Metals Corp.
CNW 03:05e 06-APR-22