E3 Metals Builds First Lab Scale Lithium Extraction Flow System
E3 Metals Builds First Lab Scale Lithium
Extraction Flow System
TSXV: ETMC
FSE:
OU7A
OTC:
EEMMF
HIGHLIGHTS
The Company has successfully built its first lab scale lithium extraction flow system
The first step towards a pilot scale flow system, this lab scale unit will be operated to
rapidly test and improve performance of our proprietary Ion Exchange Technology in
continuous flow
E3 Metals has applied to amend Warrant terms
CALGARY
,
July 31, 2019
/CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A)
(OTC:EEMMF) (the "Company" or "E3" or "E3 Metals") is pleased to announce the successful
design and assembly of a lab scale ion exchange flow system. The unit was commissioned by E3
Metals, in collaboration with GreenCentre Canada and Kingston Process Metallurgy (KPM), with
support from Alberta Innovates. Operation of the flow system will advance our proprietary Direct
Lithium Extraction Ion Exchange Technology ("Ion Exchange Technology") under more commercially
applicable continuous flow conditions.
As outlined in previous news releases, E3 has achieved lithium recoveries greater than 99%,
averaging 90% with volume reductions up to 100 times while consistently removing 99% of critical
metal impurities in batch sorbent tests
2
. Building upon these positive results, continuous flow system
testing will allow E3 to increase the speed and efficiency of extraction testing and analyze
performance over multiple ion exchange cycles. The system is designed to enhance process flow
conditions to maximize recovery and stability. This will provide important insights to optimize the Ion
Exchange Technology and support continued advancement in scaling towards a field pilot plant.
"I am very proud of our technical team at E3 Metals, GreenCentre and KPM for achieving this
important milestone," stated E3's President and CEO,
Chris Doornbos
, "This flow system will assist
in improving technology performance and progress the Company in further refining our Ion Exchange
process towards commercial viability".
E3 Metals' objective is to maximize the performance of each process stage to demonstrate a
commercially viable direct lithium extraction process in
Alberta
. While the completion of this flow
system does not guarantee that E3 Metals will achieve an economic lithium extraction process, the
Company believes that continued advancements such as this will move it closer towards its stated
production goals.
Click Here
for more information on E3 Metals lithium production flow sheet and the Company's
development plans.
E3 Metals also announces that it has applied to the TSX Venture Exchange for approval of an
amendment to a total of 3,232,500 share purchase warrants (the "Warrants)" issued pursuant to a
private placement offering completed on
August 20, 2018
.
The Warrants were first issued with an expiry date of
August 20, 2019
being exercisable at a price
of
$0.40
per Warrant up to
December 20, 2018
, and at a price of
$0.60
per Warrant from
December 21, 2018
to
August 20, 2019
. Pursuant to the proposed amendment, the Company
wishes to extend the Warrants' expiry date by 30 days (the "Extension Term") to
September 19,
2019
, and to increase the exercise price of the Warrants during the Extension Term to
$0.70
.
If you are a holder of Warrants and have any questions about the proposed amendments,
please contact
Chris Doornbos
, President, CEO and Director of the Company at 1 (587) 324-
2775 or by email at
.
The proposed Warrant amendments are subject to the approval of the TSX Venture Exchange.
About E3 Metals Corp.
E3 Metals is a lithium development company with 6.7 Mt LCE (million tonnes lithium carbonate
equivalent) of inferred mineral resources
1
in
Alberta
. Through the commercialization of its proprietary
Ion Exchange Technology, E3 plans to quickly move towards the production of high purity, battery
grade, lithium carbonate or 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 Mt LCE of 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
infrastructure.
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 up to 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' proprietary ion exchange technology can quickly produce a concentrate
with a grade over 5000 mg/L. With 99% of the impurities removed at the same time and recoveries
averaging 90%
2
, this produces a concentrate feedstock that can likely be processed directly by
existing conventional lithium production technology to produce high purity lithium products. The
Company's stated goals are to deliver a process facility of at least 10,000 tonnes LCE by 2022 and
continue expansion to an eventual 50,000 tonnes/year.
Please visit our website for more information:
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 15th
2018, effective
June 4th
2018. All reports are available on SEDAR (
www.sedar.com
)
2: 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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http://www.newswire.ca/en/releases/archive/July2019/31/c5610.html
%SEDAR: 00011471E
For further 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 31-JUL-19