E3 Metals Begins Trading on the OTCQX Market
E3 Metals Begins Trading on the OTCQX
Market
CALGARY, AB
,
Oct. 26, 2021
/CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC:
EEMMF) (the "Company" or "E3 Metals"), an emerging lithium developer and leading direct lithium
extraction ("DLE") technology innovator, is pleased to announce that it has qualified to trade on the
OTCQX Best Market and upgraded to OTCQX from the Pink market. Today, its common shares
begin trading on the OTCQX Best Market under the ticker symbol of EEMMF. U.S. investors can
find current financial disclosure and Real-Time Level 2 quotes for the company on
https://www.otcmarkets.com/
. E3 Metals common shares will continue to trade on the TSX Venture
Exchange under the symbol ETMC, and on the Frankfurt Stock Exchange under the symbol OU7A.
The OTCQX Best Market provides value and convenience to U.S. investors, brokers and institutions
seeking to trade EEMMF. It is also the highest market tier of OTC Markets on which 11,000 U.S.
and global securities trade. Upgrading to the OTCQX Market is an important step for E3 Metals, as
it provides transparent trading, visibility, and accessibility for its U.S. investors. Being listed on a
qualified international exchange enables E3 Metals to utilize its home market reporting to make its
information available in the U.S. To qualify for OTCQX, companies must meet high financial
standards, follow best practice corporate governance, and demonstrate compliance with applicable
securities laws.
"We are pleased to reach the milestone of trading on OTCQX," commented
Chris Doornbos
,
President & CEO. "It provides US investors additional access to invest in the Company as the lithium
and battery metal sectors continue to gather momentum. It has been a key part of our strategy to
grow our international shareholder base and promote greater liquidity as we continue our focus on
our Clearwater Lithium Project."
Greenberg Traurig LLP acted as the company's OTCQX sponsor.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB®
Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC
Link® ATS and OTC Link ECN, PTC Market Group Inc. connects a diverse network of broker
dealers that provide liquidity and execution services. The company enables investors to easily trade
through the broker of their choice and empower companies to improve the quality of information
available for investors. To learn more about how OTC Markets Group Inc. creates better informed
and more efficient markets, visit
www.otcmarkets.com
.
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 NPV
8%
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. 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 Sept 17, 2012. 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 Sept 17, 2021; 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 Sept 17, 2021. 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.
View original content:
http://www.newswire.ca/en/releases/archive/October2021/26/c0414.html
%SEDAR: 00011471E
For further information:
Chris Doornbos, Phone: (587) 324-2775, [email protected]
CO: e3 Metals Corp.
CNW 07:30e 26-OCT-21