E3 Metals Lab Pilot Prototype Initial Tests Deliver 97% Lithium Recovery
E3 Metals Lab Pilot Prototype Initial Tests
Deliver 97% Lithium Recovery
CALGARY, AB
,
Dec. 2, 2021
/CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTCQX:
EEMMF) (the "Company" or "E3 Metals"), an emerging lithium developer and leading direct lithium
extraction ("DLE") technology innovator, is pleased to announce the first set of results from its Lab-
Pilot Prototype (the "Prototype") that has been operating since October. The Prototype is E3's
largest scale DLE system to date with two separate trains capable of brine flow rates of up to
120L/hr.
An initial series of eleven tests were conducted ahead of a multi-cycle test to determine the
operating parameters for a long-run program. The equipment and automation performed as
expected providing the base design for the long-run program with a high level of confidence.
Measured in total recovery of lithium, the performance of the Prototype exceeded expectations.
Peak recoveries were recorded as high as 97% during these tests. Across all of the tests, the
average lithium recovery remained above 90%, generally up to 95% in most cases.
The Prototype is currently running the long-run test program with one form of the sorbent on Train 1.
This test will be concluded in mid-late December with results expected in the new year. Train 2 of
the prototype has begun the initial test of the second form of the sorbent with results also expected
in the early new year.
"We are very excited about these results" commented CEO,
Chris Doornbos
. "These initial tests
were not designed to maximize performance, but rather, understand the performance. The fact that
we see such high recoveries in this continuous flow system in a 'set-up for testing' environment is
incredibly encouraging as we look towards our process design of the 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 NPV
8%
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 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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%SEDAR: 00011471E
For further information:
Chris Doornbos, Phone: (587) 324-2775, [email protected]
CO: e3 Metals Corp.
CNW 03:15e 02-DEC-21