CALGARY, AB, Jan. 4, 2022 /CNW/ - E3 METALS CORP. (TSXV:
ETMC) (FSE: OU7A) (OTCQX: EEMMF) (the "Company" or "E3 Metals"), an
emerging lithium developer and leading direct lithium extraction
("DLE") technology innovator, today announces the appointment of
John Pantazopoulos as Chair of the
Board. The Company would also like to thank Liz Lappin, former VP Corporate Affairs and
Exploration, for her dedication to E3 Metals over the past 5 years.
Liz will remain on in an advisory role to assist the Company in the
transition and key stakeholder relationships.
The Company is promoting Joanie
Kennedy to the position of Geology Manager, under
Peter Ratzlaff. Peter is moving into
the position of Director of Resource Development. Peter's team,
including the recent addition of an exploitation engineer, will be
responsible for delivering the drilling and testing of the first
lithium wells in Alberta as the
team works towards the Company's resource upgrade. Chris Ward will be moving into the position of
Director of Projects and is building a team to deliver the pilot
plant, and eventually, E3 Metals' commercial facility. Over
the past few months, E3 Metals has been actively increasing the
team with the addition of six new staff members, including the
Director of Corporate Strategy, who will be announced within the
first quarter.
"It has been a pleasure working with Liz over the past 5 years,"
commented E3 Metals CEO, Chris
Doornbos, "I wish her the best as she takes some time with
her family and pursues her MBA. I am excited to announce the
appointment of John Pantazopoulos as
Chair of the board. In addition, I would also like to welcome all
the new members who have recently joined the team!"
"I am humbled to have been elected Chairperson of E3 Metals,"
commented John Pantazopoulos, "As
the Company continues to expand operations and develop our DLE
technology, this next year promises to be full of exciting
developments. I look forward to working closely with the CEO and
leadership team as we move the Company's key strategic priorities
forward."
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.
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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)
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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.