E3 Metals to Scale Up Testing with Large Lithium-Enriched Brine Sample
E3 Metals to Scale Up Testing with Large
Lithium-Enriched Brine Sample
TSXV: ETMC
FSE:
OU7A
OTC:
EEMMF
HIGHLIGHTS
20,000 L of brine was collected from E3 Metals' Alberta Lithium Project area
Brine will be utilized for continued testing and scale-up of E3 Metals' proprietary lithium
extraction process
CALGARY
,
Nov. 14, 2019
/CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC:
EEMMF) (the "Company" or "E3 Metals") is pleased to announce it has collected a large volume of
lithium-enriched brine from the Leduc Reservoir in the Central Clearwater Resource Area (CCRA) of
its Alberta Lithium Project. This 20,000 L brine sample is the largest collected to date and is
required to support the continued testing and scale up of E3 Metals' proprietary direct lithium
extraction (DLE) process over the next 12 months.
Brine collection was completed last week with assistance from a local oil and gas operator with
whom E3 Metals has been actively collaborating since 2017. "E3 Metals has been working with the
oil and gas industry throughout our project development to date," stated E3 Metals CEO,
Chris
Doornbos
. "Leduc Formation brine is a byproduct to the oil and gas industry in
Alberta
and E3
Metals sees tremendous value in this lithium-enriched brine through the planned commercialization of
its proprietary DLE process. The brine will be utilized as part of our ongoing technology scale-up
program under the Joint Development Agreement with Livent Corporation."
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 15th
2018, effective
June 4th
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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%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 14-NOV-19