E3 Metals Scales Up with Construction of Lab- Pilot Prototype on Success of DLE Testing
E3 Metals Scales Up with Construction of Lab-
Pilot Prototype on Success of DLE Testing
CALGARY, AB
,
Sept. 14, 2021
/CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC:
EEMMF) (the "Company" or "E3 Metals"), an emerging lithium developer and leading direct lithium
extraction ("DLE") technology innovator, is pleased to announce that the Company's initial flow
system test was completed successfully. The sorbent candidate used in this successful test will now
advance to the Pilot Prototype testing phase. The Company has started the construction of the lab-
based Pilot Prototype and has already prepared enough of this sorbent to complete the test.
The results from the initial flow system, outlined in the
June 9, 2021
News Announcement
, have
confirmed that lithium from the Leduc Aquifer can be extracted while operating under continuous flow
conditions, running over extended periods, and within the anticipated operating parameters. The
process mimics similar operational conditions to the Pilot at a reduced scale. Further tests will
continue on our alternate sorbents to ensure the technology will operate at optimal efficiency.
The Company is advancing its preparations to complete further advanced tests in a Pilot Prototype.
The Prototype will be operated in the lab at high flow rates with the ability to operate 24/7. The
Prototype allows testing at larger volumes and scale, over multiple test cycles that more closely
resembles commercial operations, with fully automated process equipment. The Prototype is
currently under construction and anticipated to be in full operation in
October 2021
.
"We are very encouraged by all the work that is coming out of our lab and are pleased to announce
that we have broken ground on moving forward to the next phase of our development plan"
commented CEO,
Chris Doornbos
. "We have in place a top-notch technical team that is continuing to
deliver exceptional results that further advance the development of our DLE technology. We look
forward to continuing to update the market on our progress and we expect a very exciting fall."
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.
View original content:
http://www.newswire.ca/en/releases/archive/September2021/14/c4673.html
%SEDAR: 00011471E
For further information:
Chris Doornbos, Phone: (587) 324-2775, [email protected]
CO: e3 Metals Corp.
CNW 03:15e 14-SEP-21