E3 Metals Corp. News Announcement
TSXV: ETMC
FSE: OU7A
OTC: EEMMF
DATE
May 17, 2019
TITLE
E3 Metals Corp. News
Announcement
CALGARY, ALBERTA, May 17, 2019 –E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC:
EEMMF) (the "Company" or "E3 Metals") announces a shares for service arrangements with Mr. John
McNicol, a consultant of the Company.
Mr. McNicol has been engaged by the Company as an Executive Advisor, pursuant to a consulting services
agreement (the “McNicol Agreement”). Pursuant to the McNicol Agreement, Mr. McNicol is engaged to
assist the Company to review certain strategic initiatives on an as-needed basis at an hourly rate of $200, to
a maximum of $1,500 per day and a further maximum of $15,000 per month. At the Company’s sole
discretion, 62.5% of Mr. McNicol’s compensation may be paid to Mr. McNicol by the issuance of common
shares of the Company on a quarterly basis, at a de emed price equal to the last closing price of the
Company’s common shares prior to the end of each such quarter. In consideration of his engagement by the
Company, Mr. McNicol was paid a $5,000 retainer, to be applied against his invoices going forward.
The above compensation arrangement is subject to the approval of the TSX Venture Exchange.
About E3 Metals Corp.
E3 Metals is a lithium company developing 6.7 Mt LCE of inferred mineral resources in Alberta. Through
the commercialization of its proprietary lithium extrac tion process, E3 plans to quickly move towards the
production of high purity, battery grade, lithium 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 million tonnes LCE inferred mineral resource 1 delineated to date. The
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
E3 Metals Announces Shares for Service
Arrangement
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 development.
While the lithium brine and hydrocarbons are mutua lly exclusive, the Leduc Reservoir can support the
production of brine few others can boast, with one well having the ability to bring 10,000 m3/day (115 L/s)
to surface. With an average and consistent grade of 77.4 mg/L in the Clearwater Resource Area1, E3 Metals’
Ion-Exchange Technology can quickly produce a concentrate with a grade as high as 1500mg/L2. With 99%
of the impurities removed at the same time and recoveries averaging 90%, this produces a concentrate
feedstock that is likely to be processed directly by conventional lithium production technology to produce
high purity lithium hydroxide (LiOH∙H2O). The company’s plans are to deliver a process facility of 10,000
tonnes/year LiOH by 2022, and continue expansion to an eventual 50,000 tonnes/year.
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 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 Announcement December 4, 2018: Development of E3 Metals’ Extraction Technology
Improves Lithium Concentration and Recovery (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.