CALGARY, AB, June 29, 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 it has
appointed Mr. Raymond Chow as the
Company's Chief Financial Officer (CFO), effective July 1, 2021.
Mr. Chow joined E3 Metals as the Finance Manager in early 2021
and demonstrated himself to be a results-driven individual with
significant expertise in strategic planning, financial operations,
and raising capital. He is a dynamic senior finance professional
with more than 17 years of finance and accounting experience in
high growth companies and corporate financial services. He recently
served at ATB Financial in the project finance group and previously
held progressively senior roles within the energy industry
including serving as interim CFO for a private equity backed,
intermediate private oil and gas producer. His experience includes
go-public initiatives, M&A transactions totalling over a
billion dollars in value and expertise in the financial reporting
functions for public companies. Raymond is a Chartered Professional
Accountant (CPA, CA) and articled at PricewaterhouseCoopers.
"I'm delighted to be joining the E3 Metals team at such an
exciting juncture for the Company," said Raymond Chow. "E3 understands the electric
revolution and the critical role it will play in the battery supply
chain in North America. I look
forward to contributing to E3's goal of becoming the first
commercial lithium producer in Alberta."
Mr. John Pantazopoulos will be
stepping down from the role of CFO for E3 Metals but will remain on
the board of directors as a highly valued Director, continuing to
actively support the Company's growth and development.
"On behalf of the board and management team, we are very pleased
about this transition. Raymond has a highly sophisticated and
measured approach that will support E3 Metals' vision of being a
global leader of responsibly sourced lithium," commented CEO,
Chris Doornbos. "John has provided
tremendous leadership and guidance through a critical transition
period as E3 Metals moves to implement our strategic business plan.
On behalf of the entire board and management team, we thank him for
his service as CFO and look forward to continuing to work with
him."
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.
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)
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.