E3 Metals Retains Investor Relations Firm
E3 Metals Retains Investor Relations Firm
TSXV: ETMC
FSE:
OU7A
OTC:
EEMMF
CALGARY, AB
,
Aug. 20, 2020
/CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC:
EEMMF) (the "Company" or "E3 Metals") is pleased to announce that it has entered into a consulting
agreement with Target IR & Communications (the "Consultant" or "Target IR") to provide investor
relations and communications services, subject to TSX Venture Exchange (the "Exchange")
approval.
Target IR is a full-service investor relations firm that supports growing small- and mid-cap
companies to build proactive, targeted and objective-focused IR strategies. Target IR will support
the Company's efforts to increase their visibility in the investment community by identifying and
engaging with potential investors, organizing presentations and meetings with interested parties,
responding to incoming calls from shareholders and potential investors and providing general capital
market advisory services. Target IR has no interest, directly or indirectly, in the Company or its
securities, or any right or intent to acquire such an interest, other than as described herein.
The Consultant will provide investor relations services to E3 Metals for a 12-month period (the
"Engagement Period"), subject to earlier termination in certain circumstances. Target IR will be paid
on a monthly basis, aggregating
C$57,000
for the Engagement Period, exclusive of applicable taxes,
and is entitled to be reimbursed for reasonable expenses incurred. The Consultant will also be
granted stock options (the "Options") totaling up to 30,000 common shares of the Company, which
will vest and become exercisable quarterly with 7,500 of the options vesting on each of the dates
that are three, six, nine and twelve months from the beginning of the Engagement Period. The
Options will be exercisable at a price of
$0.40
per share for a period of two years.
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 ("Livent")
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 of 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.
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http://www.newswire.ca/en/releases/archive/August2020/20/c1739.html
%SEDAR: 00011471E
For further information:
Suite 2300, 150 9th Ave SW, Calgary, AB T2P 3H9, +1 (587) 324-2775,
[email protected], e3metalscorp.com
CO: E3 Metals Corp.
CNW 03:15e 20-AUG-20