E3 Metals Updates Corporate Presentation and Releases June Webinar Recording
E3 Metals Updates Corporate Presentation and
Releases June Webinar Recording
TSXV: ETMC
FSE:
OU7A
OTC:
EEMMF
CALGARY, AB
,
July 15, 2020
/CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC:
EEMMF) (the "Company" or "E3 Metals") is pleased to provide an updated corporate presentation
and the release of our
June 16
th
webinar recording. The webinar provides an update on the
development of E3's project and a review of our peers in the space. Both area available on the
company's website, with the links provided below.
Updated Corporate Presentation
June 16th
2020 Webinar Recording
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
.
E3 has entered into a binding agreement with a creditor in respect of the settlement
$7,500
in trade
payables (the "
Debt Settlement
"). The Debt Settlement will consist of the issuance of 18,750
common shares (the "
Common Shares
") at a deemed price of
$0.40
per Common Share. The Debt
Settlement remains subject to approval by the TSX Venture Exchange. Pursuant to applicable
Canadian securities laws, the Common Shares will carry a four month hold period from their date of
issue.
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/July2020/15/c4672.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 10:45e 15-JUL-20