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
resources1 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.