E3 Metals Initiates Design of Field Pilot
E3 Metals Initiates Design of Field Pilot
CALGARY, AB
,
April 21, 2022
/CNW/ - E3 METALS CORP. (TSXV: ETMC) (OTCQX: EEMMF)
(FSE: OU7A) (the "Company" or "E3 Metals"), an emerging lithium developer and leading Direct
Lithium Extraction ("DLE") technology innovator, is pleased to announce that the Company has
engaged an engineering firm to begin the design work for its field pilot plant ("Field Pilot") which will
utilize E3 Metals' proprietary sorbent.
The goal of the Field Pilot is to demonstrate a near commercial scale, modular design of the
Company's ion-exchange DLE process under real world operating conditions. The Field Pilot will be
tied into an existing well that produces brine directly from the Leduc Aquifer in the Company's
Clearwater Project. This is the next stage of development, moving forward from the Company's DLE
lab-pilot prototype which has delivered successful results of up to 97% lithium recovery across multi-
cycle testing. On
April 6, 2022
, the Company announced it has begun the evaluation of commercial-
scale manufacturing of its proprietary sorbent to be utilized in the Field Pilot. The combination of E3
Metals' sorbent technology with a scaled-up ion-exchange system operating in real world conditions
is an important step towards de-risking and demonstrating the DLE process and technology at a
commercial scale. This major milestone has the potential to unlock the value of a significant world
class lithium resource in a secure and friendly jurisdiction.
The Company anticipates the design and final cost estimate phase to be completed within the next
six months with construction to follow soon after. The design and construction of the Field Pilot likely
will utilize conventional and established ion-exchange equipment which can be scaled to commercial
capacities. Ion-exchange technology is used throughout the world in different commercial
applications such as water treatment and water purification. This type of commercial equipment is
available from multiple global vendors. The initial plan for the Field Pilot will be to operate in the
Leduc
aquifer over a six-month period to collect and analyze data to further validate the technology
and operating parameters. This milestone will lead towards the Company's goal of commercializing
its proprietary DLE technology and commercial production of lithium hydroxide from its Clearwater
Project.
"This significant milestone towards commercializing the E3 Metals' technology comes together from
two main pieces, (1) our sorbent material, and (2) the Field Pilot, where the two combined form the
full DLE process," commented the Company's CEO,
Chris Doornbos
. "Our primary goal has been to
develop a simple process, utilizing our proprietary sorbent together with a well-established,
commercially scalable processes to help reduce the overall costs of extracting lithium from
Leduc
brines. We look forward to the design, and our goal of successfully operating E3 Metals' DLE Field
Pilot."
About E3 Metals Corp.
E3 Metals is a lithium 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 of its DLE technology 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.
For more information about E3 Metals, visit
http://www.e3metalscorp.com
.
ON BEHALF OF THE BOARD OF DIRECTORS,
Chris Doornbos
, President & CEO
E3 METALS CORP.
1: The Preliminary Economic Assessment (PEA) of the Clearwater Lithium Project NI 43-101
technical report is effective
Dec 21, 2020
. E3 Metals 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 (e3metalscorp.com/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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http://www.newswire.ca/en/releases/archive/April2022/21/c7869.html
%SEDAR: 00011471E
For further information:
Chris Doornbos, Phone: (587) 324-2775, [email protected]
CO: e3 Metals Corp.
CNW 03:05e 21-APR-22