CALGARY, AB, Oct. 26, 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
qualified to trade on the OTCQX Best Market and upgraded to OTCQX
from the Pink market. Today, its common shares begin trading on the
OTCQX Best Market under the ticker symbol of EEMMF. U.S. investors
can find current financial disclosure and Real-Time Level 2 quotes
for the company on https://www.otcmarkets.com/. E3 Metals common
shares will continue to trade on the TSX Venture Exchange under the
symbol ETMC, and on the Frankfurt Stock Exchange under the symbol
OU7A.
The OTCQX Best Market provides value and convenience to U.S.
investors, brokers and institutions seeking to trade EEMMF. It is
also the highest market tier of OTC Markets on which 11,000 U.S.
and global securities trade. Upgrading to the OTCQX Market is an
important step for E3 Metals, as it provides transparent trading,
visibility, and accessibility for its U.S. investors. Being listed
on a qualified international exchange enables E3 Metals to utilize
its home market reporting to make its information available in the
U.S. To qualify for OTCQX, companies must meet high financial
standards, follow best practice corporate governance, and
demonstrate compliance with applicable securities laws.
"We are pleased to reach the milestone of trading on OTCQX,"
commented Chris Doornbos, President
& CEO. "It provides US investors additional access to invest in
the Company as the lithium and battery metal sectors continue to
gather momentum. It has been a key part of our strategy to grow our
international shareholder base and promote greater liquidity as we
continue our focus on our Clearwater Lithium Project."
Greenberg Traurig LLP acted as the company's OTCQX sponsor.
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. 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 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)
|
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.