CALGARY, AB, April 20, 2021 /CNW/ - E3 METALS CORP.
(TSXV: ETMC) (FSE: OU7A) (OTC: EEMMF) (the "Company" or "E3
Metals"), an emerging lithium developer and leading direct lithium
extraction ("DLE") technology innovator, is pleased to announce
that the Calgary Testing Facility ("the Facility") is fully
operational and staffed with an expanded team. This Facility
positions the Company to achieve its goals as it works towards the
construction and operation of a field pilot plant. Through this
work, the team plans to fully demonstrate the capabilities and
effectiveness of E3 Metals' proprietary Direct Lithium Extraction
("DLE") technology.
Outlined in the December 1, 2020
News Release, the Company set out to relocate all lab development
from Ontario and North Carolina to be closer to the head office
in Calgary, AB. E3 Metals'
Facility operates under a threefold mandate of objectives; to
finalize the sorbent synthesis and process development, build and
operate a pilot prototype in the facility, and design and guide the
fabrication of the field-based Pilot to be operated on our project
site in South-Central Alberta.
The Calgary Facility officially opened in February and has made
significant progress to accelerate its advancement in the DLE
technology. The manufacturing capabilities for E3's IX sorbent
material are fully operational, as is the continuous flow system
that enables advanced process test work. E3 Metals is continuously
generating the Li-IX solution, our proprietary high grade and high
purity lithium concentrate, from Alberta brines demonstrating the full
capabilities of the DLE technical team. This team is currently
running a series of detailed tests with the new flow system and the
Company anticipates results to be available in the coming months.
These results will serve as the foundation for the successful
implementation of our DLE technology within our field-pilot.
"E3 Metals' vision is to become a global
player in the production of lithium products for the
growing EV battery market," commented E3 Metals' CEO Chris Doornbos. "The DLE technology forms the
foundation of the Company's plans to commercialize lithium
production in Alberta. I am very
proud of the team, which has been working diligently and safely
getting the facility operational. I look forward to sharing our
continued progress with the market as we advance towards a field
pilot."
About E3 Metals Corp.
E3 Metals is a lithium
development Company with 7.0 million tonnes of lithium carbonate
equivalent (LCE) inferred mineral resources1 in
Alberta and an NPV8% on
its Clearwater Lithium Project 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 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.
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1: The Preliminary
Economic Assessment (PEA) of the Clearwater Lithium Project NI
43-101 technical report is effective Dec 21, 2020. E3 Metals has
also released three NI 43-101 Technical Reports providing a total
resource of 7.0Mt LCE. The Clearwater Lithium Project PEA resource
estimate, identifying 2.2Mt LCE (inferred) effective December 21,
2020; the North Rocky Resource Area (NRRA) Technical Report
effective October 27, 2017 identifying 0.9Mt LCE (inferred); and
the Exshaw West Resource Area (EWRA) identifying 3.9Mt LCE
(inferred) dated June 4, 2018. All reports are available on the
Company's website (e3metalscorp.com/technical-reports) and SEDAR
(www.sedar.com).
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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 Metals Corp.