E3 Metals Corp. Changes Name to E3 Lithium Ltd.
E3 Metals Corp. Changes Name to E3 Lithium
Ltd.
CALGARY, AB
,
July 4, 2022
/CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTCQX:
EEMMF) (the "Company"),
Alberta's
leading lithium developer and Direct Lithium Extraction (DLE)
technology innovator, is pleased to announce that its change of name to "E3 Lithium Ltd.", as
approved by shareholders at the 2022 annual meeting held on
June 24, 2022
, will take effect as of
market open on
Friday, July 8, 2022
.
The Company's common shares will trade on the TSX Venture Exchange under the name and under
the new trading symbol "ETL". The Company's common shares will trade on Frankfurt Stock
Exchange under the same trading symbol "OU7A" and on the OTCQX under the same trading
symbol "EEMMF".
Common share certificates bearing the previous company name "E3 Metals Corp." continue to be
valid in the settlement of trades in common shares. There is no consolidation or change in the share
capital of the Company. Shareholders are not required to transfer existing share certificates into the
new name. The new CUSIP for the common shares is 26925V108 and the new ISIN is
CA26925V1085.
About E3 Lithium
E3 Lithium is a 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 Lithium's goal is to produce
high purity, battery grade lithium products. With a significant lithium resource and innovative
technology solutions, E3 Lithium has the potential to deliver lithium to market from one of the best
jurisdictions in the world.
ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos
, President & CEO
E3 Lithium
1: The Preliminary Economic Assessment (PEA) of the Clearwater Lithium Project NI 43-101 technical report is effective Dec 21, 2020. E3 Lithium 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 (e3lithium.ca/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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For further information:
E3 Lithium, Investor and Media Relations, 403-612-9498,
CO: e3 Metals Corp.
CNW 03:55e 04-JUL-22