E3 Metals provides an update on the development of DLE technology

CALGARY, AB, Dec 1 2020 / CNW / – E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC: EEMMF) (the “Company” or “E3 Metals”), an emerging lithium developer and a leading innovator in lithium mining technology, announced today an update on the development of its direct lithium mining (“DLE”) technology.

E3 Metals technical experts, who have worked directly with the Livent technical team, continue to work on the completion of the process design work of our wholly and exclusively owned DLE technology. The team is in the advanced stages of material synthesis and is continuing the design and testing work of the flow system already underway. A flow system simulates a real environment and is the precursor of a future pilot plant in the field. Additionally, throughput testing will help develop a better understanding of the process operating conditions of DLE technology. These operating conditions will describe what the process will look like in a pilot plant environment, and in turn, a commercial installation. This flow test work brings together multiple improvements to the process and sorbent over the past year, some of which are more specifically described in our press releases dated March 11, 2020 and November 3, 2020.

The Calgary the test facility will be open in early 2021 and work will continue on the construction and operation of a pilot plant in the field to fully demonstrate the capabilities and effectiveness of DLE’s technology. E3 Metals. E3 Metal’s team of technical experts have benefited from the collaboration with Livent and are ready to move on to the next phase, advancing 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 pre-commercial scale, which is expected to be operational in 2021. The field pilot plant is expected to cost about CAD 3.0 million and will demonstrate our DLE process to existing brine production in Alberta. On-going development work is being funded from E3’s existing working capital and proceeds from E3 Metals’ ongoing financing will be used to finance the construction of the pilot plant as well as to upgrade a portion of the $ 7.0 million. tonnes of lithium carbonate equivalent (LCE) deducted from the Company. mineral resources. E3 also applied for a grant from the provincial government in Alberta to finance our project to a total of CA $ 2.4 million in net income.

“This work is an important milestone in our technology development schedule, a step that will continue to position E3 Metals for success as we approach the next step – 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 continuing the final phase of development, seeking to complete the pilot plant, which I am delighted to see us perform next year. “

About E3 metals

E3 Metals is a lithium development company with 7.0 million tonnes of inferred lithium carbonate equivalent (LCE) mineral resources in Alberta and a NPV before tax8% on its Clearwater Lithium project of $ 1.1 billion with 32%1 SORTING. Through the successful scale-up of its DLE process to commercialization, E3 Metals’ goal is to produce high purity, battery grade lithium products. With a significant lithium resource and innovative technological solutions, E3 Metals has the potential to deliver lithium to the market from one of the best jurisdictions in the world. For more information on E3 Metals, visit http://www.e3metalscorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS,

Chris Doornbos, President and CEO
E3 CORP.

Chris Doornbos (P.Geo), CEO and Director of E3 Metals Corp., is a Qualified Person as defined by NI 43-101 and has read and approved the technical information contained in this announcement.

1: A summary of the PEA for the Clearwater Lithium project is presented in the November 16, 2020 news announcement, with an NI 43-101 technical report expected to be filed within 45 days of that date. E3 Metals also released information on three 43-101 technical reports totaling a resource of 6.7 Mt LCE. The Central Clearwater Resource Area (CCRA) technical report, identifying 1.9 Mt of LCE (inferred), is dated effective October 27, 2017, and the North Rocky Resource Area (NRRA) Technical Report effective date October 27, 2017, identifies 0.9Mt LCE (inferred). A third report for the Exshaw West Resource Area (EWRA), identifies 3.9 Mt of LCE (inferred) and was filed on June 15, 2018, effective June 4, 2018. All reports are available on SEDAR (www.sedar.com)

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.

This press release includes certain forward-looking statements regarding the potential of the Company’s projects and technology, as well as the objectives, strategies, beliefs and intentions of management. Forward-looking statements are frequently identified by words such as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to to future events and results. Forward-looking statements are based on the current beliefs 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, fluctuation in commodity prices, efficiency and feasibility. emerging lithium mining technologies that have not yet been tested or proven on a commercial scale or on the Company’s brine, competitive risks and the availability of funding, as further described in our recent filings of titles available on www.sedar.com. Actual events or results may differ materially from those projected in forward-looking statements and we caution against relying on undue reliance on them. We assume no obligation to revise or update these forward-looking statements, except as required by applicable law.

SOURCE E3 Metals Corp.

For more information: Chris Doornbos, Phone: (587) 324-2775, [email protected]

Related links

http://www.e3metalscorp.com


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