CALGARY, AB, Sept. 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 it has
filed its application to the OTCQX® Best Market
("OTCQX") and anticipates to start trading in the coming weeks. The
Company believes that a successful OTCQX listing will provide
additional liquidity and accessibility into the US markets that may
further enhance shareholder value.
E3 Metals has already been approved for DTC eligibility, a
requirement for the OTCQX listing, which enables electronic
settlement and transfer of its common shares in the U.S. E3 Metals
will continue to trade on the Toronto Stock Exchange – Venture
("TSX.V") under its existing symbol "ETMC".
The OTCQX® Best Market is for established,
investor-focused U.S. and international companies. To qualify for
the OTCQX market, companies must meet high financial standards,
follow best practice corporate governance, demonstrate compliance
with U.S. securities laws, be current in their disclosure, and have
a professional third-party sponsor introduction. The companies
found on OTCQX are distinguished by the integrity of their
operations and diligence with which they convey their
qualifications.
"We are very pleased to start the process of joining the OTCQX
as a part of our strategy towards additional exposure and growth",
stated Chris Doornbos, President
& CEO. "We feel this will increase E3 Metals' profile with a
broader range of institutional and retail investors in the U.S and
we look forward to communicating our progress as we advance our
Clearwater Lithium Project."
The listing of the Company's common shares on the OTCQX remains
subject to the approval of the OTCQX and the satisfaction of
applicable listing requirements.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the
OTCQX® Best Market, the OTCQB® Venture Market
and the Pink® Open Market for 11,000 U.S. and global
securities. Through OTC Link® ATS and OTC Link ECN, PTC
Market Group Inc. connects a diverse network of broker dealers that
provide liquidity and execution services. The company enables
investors to easily trade through the broker of their choice and
empower companies to improve the quality of information available
for investors. To learn more about how OTC Markets Group Inc.
creates better informed and more efficient markets, visit
www.otcmarkets.com.
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.
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1:
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The Preliminary
Economic Assessment (PEA) of the Clearwater Lithium Project NI
43-101 technical report is effective Sept 17, 2012. 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 Sept 17, 2021;
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
Sept 17, 2021. All reports are available on the Company's website
(e3metalscorp.com/technical-reports) and SEDAR
(www.sedar.com)
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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.
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.