CALGARY, AB, Sept, 23, 2020
/CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC: EEMMF) (the
"Company" or "E3 Metals"), an emerging lithium developer and
leading lithium extraction technology innovator, today announced it
hosted the Energy Minister, Sonya
Savage, from the Government of Alberta at the Company's offices in
Calgary. During this visit, the
government announced it has assembled a five-member panel of
experts from the metals and mining industry whose strategic advice
will help government unlock the province's vast mineral potential,
including lithium. The panel will support the province in its
efforts to diversify its economy and become a world leader in
mineral resource production.
"We are very happy to host the Minister of Energy at our offices
today. This announcement solidifies the province's commitment for
the development of critical minerals. E3 Metals is on the forefront
of lithium development in Alberta,
a critical mineral that can be produced on the backbone of the oil
industry. Alberta has a skilled
energy labour force already in place that is well positioned to
support an emerging minerals sector. As E3 Metals works to
commercialize lithium production in Alberta, we are excited to participate in this
broader effort to position Alberta
as an international player in a world increasingly focused on
battery materials." Commented Chris
Doornbos, President and Chief Executive Officer of E3
Metals.
Sonya Savage, Minister of
Energy, Government of Alberta
"A successful post-pandemic
recovery requires a strong and diversified economy.
Guided by the experience of our advisory council,
we are designing a new mineral strategy that will
place Alberta at the cutting edge of critical mineral
exploration and development. Doing so will encourage investment and
create jobs for Albertans, supporting our long-term
economic recovery."
Today's announcement by the province complements the Canada–U.S.
Joint Action Plan on Critical Minerals Collaboration, which focuses
on securing and developing critical mineral supply chains. Lithium,
graphite, cobalt and rare earth elements, all of which play an
important role in the production of lithium-ion batteries and the
energy storage sector, are listed as critical minerals. To date,
many other developed economies have put in place a critical
minerals strategy including the European Union, Japan, Korea and Australia.
E3 Metals continues to develop its 6.7 million tonne of lithium
carbonate equivalent inferred mineral resource1 in
south-central Alberta, alongside
the advancement of its direct lithium extraction (DLE) technology
with strategic development partner Livent Corporation.
To read more about the government's mineral development
initiative announced today, visit: www.alberta.ca/news .
About E3 Metals
E3 Metals is a lithium development company with 6.7 million
tonnes of lithium carbonate equivalent (LCE) inferred mineral
resources1 in Alberta. E3 Metals is currently
advancing its proprietary direct lithium extraction (DLE) process
in partnership with Livent Corporation (NYSE:LTHM), a global leader
in lithium production, under a joint development agreement. Through
the successful scale up its DLE process 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.
E3 Metals also continues to work with partners at the University of Alberta and at GreenCentre Canada.
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.
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.