AB, Feb. 16, 2023 /CNW/ - E3 LITHIUM LTD.
(TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), Alberta's leading lithium developer and
extraction technology innovator, today announced it has expanded
its team to include new technical and functional roles to support
execution of E3 Lithium's (E3) growth plans.
E3 welcomes the following members
to its team:
Greg Foofat joins the E3 team as
Manager, Investor Relations, and will provide valuable support to
the corporate strategy & sustainability department. Greg has
close to 20 years of experience in capital markets (equity
research), investor relations, corporate communications and
Jimmy Zheng is a senior
metallurgist and will fulfil the Lithium Production Specialist role
within E3's Process Engineering team. A winner of NSERC's
Industrial Research Fellowship, as well as the Cameco Environmental
Leadership Award, Jimmy brings more than 30 years of industry
experience to E3.
Audrey Boston joins E3 as
Operations Accountant. Bringing more than 20 years of experience in
all aspects of financial, capital, operations and joint venture
Daniela Buelvas joins E3 as
Administrative Assistant. Daniela's ten years of experience,
coupled with a Bachelor's degree in Social Communication, will
prove invaluable to the members of staff she will be supporting on
a day-to-day basis.
"We are delighted to welcome the new members to the E3 team,"
said Chris Doornbos, President and
CEO of E3 Lithium. "Underpinned by world-class assets, the E3 team,
including the new additions, has built an excellent foundation from
which to achieve our upcoming milestones this year and towards our
goal of first lithium by 2026."
About E3 Lithium
E3 Lithium is a development company with total of 24.3 million
tonnes of lithium carbonate equivalent (LCE) inferred mineral
resources1 in Alberta. As outlined
in E3's Preliminary Economic Assessment, the Clearwater Lithium
Project has an NPV8% of USD 1.1
Billion with a 32% IRR pre-tax and USD 820 Million with a 27% IRR
after-tax1. Through the successful scale up its DLE
technology towards commercialization, E3 Lithium's goal is to
produce high purity, battery grade lithium products. With a
significant lithium resource and innovative technology solutions,
E3 Lithium has the potential to deliver lithium to market from one
of the best jurisdictions in the world.
ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos, President &
E3 Lithium Ltd.
Forward-Looking and Cautionary
This news release includes certain forward-looking statements 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
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.
Preliminary Economic Assessment (PEA) for the Clearwater Lithium
Project NI 43-101 technical report is effective Sept 17, 2021. The
mineral resource NI 43-101 Technical Report for the North Rocky
Property, effective October 27, 2017, identified
0.9Mt LCE (inferred). The mineral resource NI 43-101
Technical Report for theBashaw District Project, effective
July 11, 2022, identified 23.4MtLCE (inferred). All reports
are available on the E3 Lithium's website
(e3lithium.ca/technical-reports) and SEDAR
SOURCE E3 Lithium