CALGARY, AB, Aug. 16, 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
Company has received approval to graduate to the Tier 1 of the TSX
Venture Exchange ("TSXV").
By graduating to the TSXV's top tier under the Mining
industry segment, E3 Metals will benefit from improved service
standards, reduced compliance obligations and increased access to
institutional investors. The TSXV classifies issuers into different
tiers based on certain standards including historical financial
performance, stage of development and financial resources, with
Tier 1 being the premier tier and reserved for the TSXV's most
advanced issuers with the most significant financial resources.
"We are pleased to become a Tier 1 issuer," commented E3
Metals' CEO, Chris Doornbos. "This
graduation is yet another milestone for us and a signal to the
market of how far we have come."
"As we continue our growth plans this year it is important for
us to remain committed to ensuring our visibility as a publicly
traded company continues to enhance. We believe the graduation will
provide us with greater access to investors and generate additional
awareness," Chris Doornbos
added.
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.