CALGARY,
AB, April 6, 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, is pleased to announce
that the Company has engaged several specialty equipment providers
to evaluate manufacturing methods for its proprietary ion-exchange
sorbent used as part of its Direct Lithium Extraction process.
The goal of this work is to delineate a scalable manufacturing
process to produce E3 Metal's proprietary ion-exchange beads at a
large scale. While the immediate need is to deliver large
quantities of the sorbent material for the Company's upcoming Pilot
Plant, this ability to scale the sorbent manufacturing process
carries forward to commercial scale for E3 Metals' DLE technology.
This means that upon the successful completion of this work, the
Company will have delineated large scale production equipment and
processes that may be implemented for a commercial DLE plant. This
could potentially lead to provide the opportunity for E3 Metals to
produce its proprietary sorbent material for licensing to third
parties.
The preliminary results from the initial production run of E3
Metal's proprietary sorbent received through the vendor evaluation
process demonstrates the larger scale equipment can produce a
sorbent that performs on par to E3 Metals inhouse sorbent. Further
scale up and validation testing is underway.
"Commercial scale manufacturing of our DLE sorbent is a
significant milestone for the Company," commented E3 Metals CEO,
Chris Doornbos. "The machinery used
to run the pilot plant is an important part of the development,
however, it is the proprietary sorbent that does the real work in
extracting lithium from the brine. It is the two combined that
represent the significant de-risking accomplishment that E3 Metals
is moving towards. Having both a large resource base and its own
ion-exchange DLE technology puts the Company firmly in the driver's
seat. More important than ever, developing secure supply of
domestic North American critical minerals enables the electrified
world and the movement towards EV's."
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. E3 Metals also continues to work with
partners at the University of Alberta
and at GreenCentre Canada.
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
Dec 21, 2020. 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 December 21, 2020; 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
June 4, 2018. 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.
