E3 Metals Corp. News Announcement
TSXV: ETMC
FSE: OU7A
OTC: EEMMF
DATE
Dec. 24, 2018
TITLE
E3 Metals Corp. News
Announcement
Highlights
CALGARY, ALBERTA, December 24, 2018 –E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A)
(OTC: EEMMF) (the "Company" or "E3 Metals") is pleased to announce the closing of its non-brokered
private placement financing (the “ Offering”) announced on December 17, 2018. Under the Offering, the
Company has issued 307,500 units of the Company (the " Units") at a price of $0.40 per Unit (the “ Unit
Price”) for gross proceeds of $123,000. Each Unit comprises one common share (a “ Share”) and one
common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one Share with
an exercise price of $0.60 for a period of 18 months following the date of issuance.
In accordance with applicable securities laws and the policies of the TSX Venture Exchange (“TSXV”), the
Company paid an aggregate $2,000 in cash commission, and issued an aggregate 10,000 broker warrants,
on the same terms as the Warrants, in connection with the Offering.
All securities issued are subject to a hold period under applicable securities laws in Canada expiring on four
months and a day from issuance.
E3 Metals will use the net proceeds of the Offering to accelerate the progression of its proprietary lithium
extraction technology and for general and working capital expenses.
In addition, the Company granted stock options, to officers of the Company for the purchase of up to 175,000
Shares of the Company at an exercise price of $0.40 per Share for a period of 3 years. The options will vest
in 50% tranches quarterly, beginning 3 months from gr ant, in accordance with th e policies of the TSXV.
The stock option issuance remains subject to TSXV approval.
DIRECTORS
Chris Doornbos
Paul Reinhart
Mike O’Hara
Peeyush Varshney
CONTACT INFORMATION
#205-227 10th St NW
Calgary, AB, T2N 1V5
+1 (877) 319-7634
e3metalscorp.com
o E3 Metals announces closing of financing for gross
proceeds of $123,000
E3 Metals announces closing of its Non-
Brokered Private Placement Financing and
Option Grants
About E3 Metals Corp.
E3 Metals is a Petro-Lithium company rapidly advancing the development of direct recovery lithium brine
projects in Alberta. E3 Metals holds lithium resources at 6.7 Mt LCE (inferred) 1. The Company has a
compelling competitive advantage by virtue of having access to extensive infrastructure built by the Oil
and Gas industry in Alberta. This has provided E3 Metals with low finding costs, as the Company has been
able to sample existing wells to define its resource. This infrastructure may also provide wells and pipelines
for a future lithium production operation, potentially re ducing the Company’s future capital requirements.
The Company’s immediate goal is to scale-up its proprietary chemical concentration process, which it
views as a key driver to enable commercial pr oduction of its Alberta lithium brine resources. More
information about E3 Metals can be found on our website by visiting: 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 totalling resource of 6.7 Mt LCE. The Central
Clearwater Resource Area (CCRA ) Technical Report, identifyi ng 1.9Mt LCE (inf erred), is dated effective October
27, 2017, and the North Rocky Resour ce Area (NRRA) Technical Report was dated effective October 27, 2017,
identifies 0.9Mt LCE (inferred). Both reports are available on SEDAR ( www.sedar.com). A third report for the
Exshaw West Resource Area (EWRA), identifies 3.9Mt LCE (inferred) and will be released within the next week.
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 to
produce saleable lithium byproducts, including LCE, the futu re performance of our business, its operations and its
financial performance and condition, 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 eff ectiveness 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.