E3 Lithium Ltd (ETL): CALGARY, AB, Dec. 17, 2020 /CNW/

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Friday, 12/18/2020 10:29:08 AM

Friday, December 18, 2020 10:29:08 AM

CALGARY, AB, Dec. 17, 2020 /CNW/ - 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 that it has closed its brokered private placement led by Canaccord Genuity Corp. The placement was fully subscribed for a total of $5,000,000.05, representing 5,882,353 units in the Company under the terms of the placement announced on December 2, 2020.

The proceeds will assist E3 Metals in completing the DLE technology development. This includes the construction of a pilot plant aimed at demonstrating the operating conditions for the primary extraction of lithium from brines in Alberta. The company will also be advancing its Aquifer Management Plan and the larger scale production of lithium hydroxide from E3's wholly owned Li-IX Direct Lithium Extraction technology.

https://ih.advfn.com/stock-market/TSXV/ETMC/stock-news/83935312/e3-metals-closes-fully-subscribed-brokered-private

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