E3 Metals to collaborate with Scovan Engineering on scoping study for the development of its Alberta Petro-Lithium Project
E3 Metals to collaborate with Scovan
Engineering on scoping study for the
development of its Alberta Petro-Lithium
Project
CALGARY
,
June 20, 2018
/CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC:
EEMMF) (the "Company" or "E3 Metals") is pleased to announce that the Company has established
a cooperative relationship with
Calgary
based Scovan Engineering Inc. (Scovan) to help advance
engineering elements of its Alberta Petro-Lithium Project. This engagement, provided to the
Company on a collaborative basis, will include high-level technical scoping of the Project's brine
extraction and disposal requirements and of the Company's proprietary lithium concentration
technology. The engagement is a result of Scovan's commitment to developing business
opportunities and engineering solutions through innovative collaboration. The Company has not
entered into any agreements or commitments to award Scovan current or future work.
"E3 Metals is excited to partner with an experienced
Calgary
based engineering firm to develop
innovative design solutions to advance its Petro-Lithium project," stated
Chris Doornbos
, E3 Metals
CEO. "We are committed to engaging with local partners who share our passion and vision for
growing
Alberta's
clean energy economy."
About Scovan
Scovan is a state-of-the-art engineering firm that specializes in offering innovation and experience for
energy related industrial projects by providing engineering, procurement and construction
management services. Our team works in harmony to discover new and innovative solutions that
enable our clients to excel in the planning and implementation of their developments. It's this open
work environment that allows us to obtain outstanding results while delivering value, driving down
costs and executing our projects efficiently. Scovan Engineering, moving energy forward.
About E3 Metals Corp.
E3 Metals is a Petro-Lithium company rapidly advancing the development of direct recovery lithium
brine projects in
Alberta
. E3 Metals holds lithium resources at 6.7 Mt LCE (inferred)
1
. The Company
has a compelling competitive advantage by virtue of having access to extensive infrastructure built by
the Oil and Gas industry in
Alberta
. This has provided E3 Metals with low finding costs, as the
Company has been able to sample existing wells to define its resource. This infrastructure may also
provide wells and pipelines for a future lithium production operation, potentially reducing the
Company's future capital requirements. The Company's immediate goal is to demonstrate a
commercially viable chemical concentration process and believes this is a key driver to commercial
production of its
Alberta
lithium brine resource. More information about E3 Metals can be found on
our website by visiting:
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 totalling 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 dated
effective
June 4
th
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 to produce saleable lithium byproducts, including LCE, the future performance of
our business, its operations and its financial performance and condition, 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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%SEDAR: 00011471E
For further information:
E3 Metals Corp.: 205 - 227 10th St NW, Calgary, AB T2N 1V5, +1 (877)
319-7634, [email protected], e3metalscorp.com
CO: E3 Metals Corp.
CNW 03:05e 20-JUN-18