CALGARY, AB, Sept. 15, 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 announces the discovery of lithium enrichment in the Nisku Aquifer (the "Nisku"), located within the Company's permit area in south-central Alberta, with sampled lithium grades ranging up to 75.0 mg/L. The Nisku is located above the Leduc Aquifer (the "Leduc"), in which E3 Metals holds 6.7 million tonnes of LCE1 inferred mineral resource (Figure 1). The Nisku stretches across E3 Metals' entire permit area where the Company owns the metallic and industrial mineral rights, which include the rights to the lithium within the Nisku. The Nisku has similar geological properties to the Leduc, and as such, it has a comparable propensity for high brine flow rates that may support the production of commercial quantities of lithium.
Figure 1: Cross section profile highlighting the Leduc and Nisku Aquifers in E3 Metals' Central Clearwater Project. (CNW Group/E3 Metals Corp.)
The Company sampled Nisku brine as well as the Leduc brine from available oil and gas production wells as part of E3 Metals' ongoing exploration and development. A total of 17 samples were collected across the Nisku and all have demonstrated the presence of higher-grade dissolved lithium within the formation brine. Lithium grades range between 37.4 mg/L and 75.0 mg/L. Using E3 Metals' proprietary direct lithium extraction (DLE) process, Leduc brines with grades on the top end of Nisku's sampled range have demonstrated the ability to quickly and efficiently concentrate to over 5000 mg/L.
"The discovery of lithium in the Nisku expands the known lithium brine volumes and may offer operational benefits," commented Chris Doornbos, President and Chief Executive Officer of E3 Metals. "The Nisku is laterally extensive across our permit area and has similar aquifer properties to the Leduc, so it will produce brine in much the same way. Wells drilled to access the Leduc intersect the Nisku first, which may allow us to produce lithium enriched brines from both aquifers from the same well, potentially increasing operational efficiencies in the future."
E3 Metals will continue to sample the aquifer as part of its regular sampling program going forward, with the intention of developing a resource from the Nisku Aquifer in the future
Looking to build on Alberta’s oil and gas industry As we look to diversify our economy beyond oil and gas, companies in Alberta are looking at everything from lithium mining to making carbon fibre out of bitumen, they just require some help from government to get off the ground. Tom Vernon reports. globalnews.ca
Livent and E3 Metals Announce Joint Development Agreement to Advance Lithium Extraction Process and Technology 09/18/2019 PHILADELPHIA, Sept. 18, 2019 /PRNewswire/ -- Livent Corporation (NYSE: LTHM) is pleased to announce a collaboration with E3 Metals Corp. (TSXV: ETMC) ("E3 Metals") whereby the two companies will seek to advance the development of E3 Metals' proprietary direct lithium extraction process. Work under this agreement will focus on E3 Metals' petro-lithium brines located in the Leduc Formation in Alberta, Canada.
Livent will contribute its technical expertise and up to US$ 5.5 million to the joint development project. In exchange, upon completion of the project and satisfaction of the full US $5.5 million in funding, Livent will have the opportunity to convert its investment into a 19.9% ownership stake in E3 Metals and appoint one member to its Board of Directors, provided Livent maintains not less than a 5% equity interest.
Paul Graves, president and chief executive officer of Livent commented, "Livent has been a pioneer in the lithium industry for over 60 years. Collaborating with E3 Metals provides an opportunity to build on our rich heritage of innovation and to bring exciting new possibilities to our customers around the world."
About Livent For more than six decades, Livent has partnered with its customers to safely and sustainably use lithium to power the world. Livent is one of only a small number of companies with the capability, reputation, and know-how to produce high-quality finished lithium compounds that are helping meet the growing demand for lithium. The company has one of the broadest product portfolios in the industry, powering demand for green energy, modern mobility, the mobile economy, and specialized innovations, including light alloys and lubricants. Livent employs approximately 800 people throughout the world and operates manufacturing sites in the United States, England, India, China and Argentina. For more information, visit livent.com.
About E3 Metals Corp. E3 Metals is a lithium development company with 6.7 million tonnes lithium carbonate equivalent (LCE) inferred mineral resources1 in Alberta. Through the commercialization of its proprietary ion exchange lithium extraction technology, E3 plans to quickly move towards the production of high purity, battery grade, lithium products.
E3 Metals combines a significant in situ resource and innovative technology solutions that have the potential to deliver lithium to market in one of the best jurisdictions in the world. The development of this lithium resource through brine production is a well-understood venture in Alberta, where this brine is currently being produced to surface through extensive oil and gas development.
For more information about E3 Metals, visit www.e3metalscorp.com.
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