E3 Metals Continue to Advance First Phase of Technology Development Plan with Livent Corporation
E3 Metals Continue to Advance First Phase of
Technology Development Plan with Livent
Corporation
CALGARY, AB,
Oct. 6, 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 that E3 Metals and Livent Corporation ("Livent")
(NYSE:LTHM) have agreed to an updated development plan to advance E3 Metals' direct lithium
extraction ("DLE") technology.
Both E3 Metals and Livent continue working towards the goal of producing a commercial sorbent
and process. Under the Joint Development Project (
see news release dated
September 18, 2020
),
the updated plan has set the priority on completing Stage 1 as soon as possible. Once Stage 1 is
complete, the process is expected to be demonstrated in a pilot plant. The development work has
enhanced the performance on multiple levels, which include improved speed and efficiency of lithium
recovery (
see news release dated
March 11, 2020
).
"The first phase of the joint development project is an essential step in initiating a robust and
economically viable process for commercializing lithium production from
Alberta
brines," commented
Chris Doornbos
, president and chief executive officer of E3 Metals. "The positive results so far are a
function of joint technical expertise. E3 Metals is committed to demonstrating our proprietary
process by constructing and operating a pilot plant."
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 (NYSE:LTHM), a global
leader in lithium production, under a joint development agreement. Through the successful scale up
its DLE process 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
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.
View original content:
http://www.newswire.ca/en/releases/archive/October2020/06/c8716.html
%SEDAR: 00011471E
For further information:
Suite 2300 - 150 9th Ave SW, Calgary, AB T2P 3H9, Tel: +1 (587) 324-
2775, Email: [email protected], Website: e3metalscorp.com
CO: E3 Metals Corp.
CNW 06:30e 06-OCT-20