E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC: EEMMF) (the "Company" or "E3 Metals")
E3 Metals Webinar - Valuing Lithium Juniors in An Age of Increasing Demand for Electric Vehicles
Dec 11, 2020
E3 Metals CEO: Developing a Proprietary Lithium Extraction Method
November 2020 - PEA Results
E3 Metals: PEA demonstrates the potential to economically produce high grade lithium in Alberta
Premiered Nov 18, 2020
TSXV: ETMC
FSE: OU7A
AOTC: EEMMF
Shares Issued and Outstanding34,307,901
Warrants and Options: 7,276,531
Fully Diluted41,584,432
As at October 30, 2020
E3 Metals Provides Update on DLE Technology Development
CALGARY, ALBERTA, December 1, 2020 – E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC: EEMMF) (the
"Company" or "E3 Metals"), an emerging lithium developer and leading lithium extraction technology innovator,
today announced an update on the development of its Direct Lithium Extraction (“DLE”) technology.
The E3 Metals’ technical experts, who have been working directly with the Livent technical team, continue to
work towards completing the process design work of our wholly owned and proprietary DLE technology. The
team is in the advanced stages of material synthesis and continuing the flow system design and testing work
already underway. A flow system simulates a real-world environment and is the precursor to a future
field-based pilot plant. In addition, the flow testing will help to develop a greater understanding of the process
operating conditions of the DLE technology. These operating conditions will outline what the process will look
like in a pilot plant environment, and in turn, a commercial facility. This flow test work brings together multiple
improvements made to the process and sorbent over the last year, just a few of which are more particularly
described in our news releases dated March 11, 2020 and November 3, 2020.
The Calgary testing facility will be opened in early 2021 and work will continue towards construction and
operation of a field pilot plant to fully demonstrate the capabilities and effectiveness of E3 Metals’ DLE
technology. E3 Metal’s team of technical experts has benefited from the collaboration with Livent and are ready
to proceed with the next phase, the advancement of our flow system test work. This will directly lead to the
design and construction of the field pilot plant that will be used to test the Company’s DLE technology at a precommercial scale,
anticipated to be operational in 2021. The field pilot plant is estimated to cost approximately
CAD 3.0 million and will demonstrate our DLE process at existing brine production in Alberta. The current
development work is funded through E3’s existing working capital and the proceeds of E3 Metals’ ongoing
financing will be used to fund the pilot plant construction as well as to upgrade a portion of the Company’s 7.0
million tonnes of lithium carbonate equivalent (LCE) inferred mineral resources. E3 has also put in an
application to a provincial government grant in Alberta to fund our project to a total of C$2.4M in net proceeds.
“This work is an important step in our technology development timeline, one which will continue to position E3
Metals for success as we near the next stage – the pilot plant,” commented Chris Doornbos, President and
CEO of E3 Metals Corp. “I am extremely proud of the hard work and focus demonstrated by the technical team.
E3 Metals team of scientists and process engineers are forging ahead with the final phase of development,
looking to complete the pilot plant, which I am excited to see us accomplish next year.”
About E3 Metals
E3 Metals is a lithium development company with 7.0 million tonnes of lithium carbonate equivalent (LCE)
inferred mineral resources in Alberta and a pre-tax NPV8% on its Clearwater Lithium Project of USD 1.1B with
a 32%1
IRR. Through the successful scale up its DLE process 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