CALGARY,
AB, April 17, 2023 /CNW/ - E3
LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), "E3" or the
"Company," Alberta's leading
lithium developer and extraction technology innovator, today
announced that Kevin Carroll has
joined the Company as the Chief Development Officer (CDO) and will
be responsible for the technical, process and project management
aspects for E3 as the Company continues developing the commercial
lithium facility in Alberta.
Kevin is a professional engineer with more than 30 years
of operations and engineering experience in Alberta. He co-founded Huron Resources in
2013, leading the team responsible for the technical direction of
the company. His prior experience includes Shell Canada, Star Oil
& Gas, ARC Resources and Huron Energy. He is an expert in
managing facility and infrastructure projects, drilling and
completion programs along with development, planning and subsurface
engineering activities. Kevin also brings extensive landowner,
Indigenous, Crown and regulatory stakeholder relations experience,
particularly for developing projects, and has implemented Health,
Safety and Environment (HSE), as well as technical integrity
programs at prior companies. Kevin will report to Chris Doornbos, President & CEO of E3
Lithium.
"I am excited to be working with the exceptional E3 team
to guide the execution of E3's commercial lithium facility in a
safe, responsible and efficient manner," said Kevin Carroll.
"We are thrilled to be bringing someone of Kevin's calibre
into the role of CDO at E3. Kevin's well-rounded experience in
developing similar assets in Alberta is important for E3 as we look to move
into the more advanced design and construction phases of our
developments," said Chris Doornbos,
President and CEO of E3 Lithium. "Kevin will take on full oversight
of the development of the Company's technical focus, allowing me to
focus on continuing to build the Company."
E3 is also pleased to welcome Brian Ceelen as its Director, Commercial
Development. Brian is a professional engineer with more than 15
years of experience in the energy industry, including in
operational, engineering and commercial roles, most recently as
Manager of Business Development at Steel Reef Infrastructure Corp.
Brian is the commercial lead for E3, focused on building and
maintaining relationships within the lithium industry that are
strategic to the growth and success of E3's corporate goals.
Reporting to Leigh Clarke, Vice
President, Corporate Strategy & Sustainability, Brian will lead
negotiations and strategy development for business development,
licensing and lithium offtake.
Kevin and Brian were granted stock options as part of the
Company's staff option program under the rolling 10% stock option
plan.
About E3
Lithium
E3 Lithium is a development company with a total of 16.0
million tonnes of lithium carbonate equivalent (LCE) Measured and
Indicated and 0.9 million tonnes 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. E3 Lithium's goal is to
produce high purity, battery grade lithium products to power the
growing electrical revolution. 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
& CEO
E3 Lithium Ltd.
1: The 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 the Bashaw District (measured & indicated)
will be available 45 days from March 21,
2023. All reports are available on the E3 Lithium's website
(e3lithium.ca/technical-reports) and SEDAR
(www.sedar.com).
Forward-Looking and
Cautionary Statements
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 law.
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.
SOURCE E3 Lithium