E3 Metals Provides Corporate Update and Live
E3 Metals Provides Corporate Update and Live
Webinar on June 16, 2020
E3's progress on the project and technology development remains on track as we
emerge from the COVID-19 lockdown
Join E3 Metals for a live webinar on
June 16, 2020
@
2 p.m. EST
TSXV: ETMC
FSE:
OU7A
OTC:
EEMMF
CALGARY, AB
,
June 10, 2020
/CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC:
EEMMF) (the "Company" or "E3 Metals") is pleased to provide an update on its developments
through the first half of 2020 and ongoing activities as the world begins to emerge from the COVID-
19 pandemic.
Direct Lithium Extraction Process
E3 Metals has been working diligently on its proprietary Direct Lithium Extraction (DLE) process with
Livent Corporation (NYSE: LTHM) --
see news release dated
September 18, 2019
. The work has
continued through the pandemic with appropriate protocols in place to ensure the health and safety
of E3 Metals' and Livent's staff and contractors. The project's goals have remained in focus and both
companies are working toward a commercially viable process that will ultimately be demonstrated
with a planned pilot plant in
Alberta
.
Alberta Lithium Brine Project
In parallel to the DLE process development work with Livent, E3 Metals is actively advancing the
overall project, which includes local infrastructure and reservoir development. Recent attention has
been placed on abandoned well liabilities in
Alberta
with the federal government committing
$1 billion
CAD to the cleanup effort. E3 Metals has identified the potential for repurposing oil wells into lithium
production and is actively developing this plan. This could see E3 reduce the overall capital
expenditure by using already existing infrastructure.
"While the recent pandemic has had a global impact, E3's goals continue unwavered," commented
E3's CEO,
Chris Doornbos
. "The drivers behind the lithium market remain strong and high purity
lithium hydroxide continues to fetch a healthy premium. Having a project in
Alberta, Canada
brings
advantages few other lithium projects can boast; available infrastructure, available work force, a
strong social license and a secure and stable jurisdiction from a sovereign risk perspective. As we
begin to emerge from the pandemic I would like to extend my appreciation to my staff and
contractors for working safely and diligently through this tough time."
Corporate Update Webinar
To provide more details on the Company's plans for 2020, the Company is pleased to provide a live
Corporate Overview Webinar with Chris Doornbos, President & CEO on
Tuesday, June 16
at
2 p.m.
EST
. Mr. Doornbos will be going through the Company's updated investor presentation, providing an
in-depth overview of the Company's current activities and upcoming milestones. He will also cover
the latest updates in the lithium sector and why Direct Extraction Technology is critical to the growth
of the electric vehicle market. Management will be available to answer questions following the
presentation on the webinar platform via live Q&A.
Webinar Details
Date:
Tuesday June 16, 2020
Time:
2:00pm EST (
12:00pm MST
,
11:00am PST
)
Register:
https://attendee.gotowebinar.com/register/1372635121625186575
A recording of the webinar will be available on E3's website after the session for those who are
unavailable to attend at this time.
Management will be available to answer questions following the presentation. To ask a question,
please login to the GoToWebinar platform or email your question(s) beforehand to
.
About E3 Metals Corp.
E3 Metals is a lithium development company with 6.7 million tonnes lithium carbonate equivalent
(LCE) inferred mineral resources
1
in
Alberta
. E3 Metals is currently advancing its proprietary Ion
Exchange Direct Lithium Extraction (DLE) process in partnership with Livent Corporation under a
Joint Development Agreement. Livent is the world's largest pure-play lithium producer, well-known
for being one of the lowest cost producers of lithium carbonate. With facilities across the globe,
Livent holds technical expertise in the extraction and production of various lithium products. E3
Metals also continues to work with partners at the
University of Alberta
and at GreenCentre Canada.
Through the successful scale up its DLE process towards commercialization, E3 Metals plans to
quickly move towards the production of 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. The development of this lithium
resource through brine production is a well-understood venture in
Alberta
, where this brine is
currently being produced to surface through an extensive existing oil and gas infrastructure and
development. For more information about E3 Metals, visit
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 totaling 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 15, 2018
, effective
June 4, 2018
. All reports are available on SEDAR (
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.
This news release includes certain forward-looking statements concerning the potential of the
Company's projects and technology, 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.
SOURCE
E3 Metals Corp.
View original content:
http://www.newswire.ca/en/releases/archive/June2020/10/c3278.html
%SEDAR: 00011471E
For further information:
205 - 227 10th St NW, Calgary, AB T2N 1V5, +1 (587) 324-2775,
[email protected], e3metalscorp.com
CO: E3 Metals Corp.
CNW 03:05e 10-JUN-20