06:35:54 EDT Wed 23 Sep 2020
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E3 Metals Corp
Symbol ETMC
Shares Issued 30,477,400
Close 2020-03-11 C$ 0.315
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E3 recovers 92% Li from Alberta brine in under 10 min

2020-03-11 06:20 ET - News Release

Mr. Chris Doornbos reports


E3 Metals Corp. has provided an update on its proprietary direct lithium extraction process (DLE process) that is being advanced in collaboration with Livent Corp.

Through the continued development of E3 Metals' proprietary ion exchange DLE process, the company is excited to outline the rapid reaction kinetics on the recovery of lithium from Alberta brine. Using brine collected from E3's Leduc reservoir in Alberta this past November, 2019, the technical team has successfully achieved reaction times from lab-based test work that demonstrated over 90-per-cent recovery in less than 10 minutes, as opposed to hours. This is a critical achievement as the company moves toward piloting. Faster reaction times while achieving high recovery result in reduced retention time of brine in the processing equipment.

Lab testing has demonstrated that lithium recovery of 92 per cent is achieved in under 10 minutes from Alberta brines, drastically reducing the time required to complete each cycle of lithium extraction. With the achievement of these fast reaction kinetics, the company anticipates increased efficiencies due to accelerated lab testing. In 2020, E3 Metals will continue its joint development with Livent to optimize its proprietary ion exchange DLE process for lithium extraction from Alberta brine.

"These results demonstrate the efficiency that can be obtained from the optimization of E3's proprietary ion exchange direct lithium extraction process in collaboration with Livent," Chris Doornbos, E3 Metals' chief executive officer, commented. "This is really just the beginning of the work we are conducting together, and we anticipate further improvements as we progress towards our goal of piloting our technology in Alberta."

About E3 Metals Corp.

E3 Metals is a lithium development company with 6.7 million tonnes of lithium carbonate equivalent (LCE) inferred mineral resources (1) in Alberta. E3 Metals is currently advancing its proprietary ion exchange direct lithium extraction process (DLE process) in partnership with Livent under a joint development agreement. E3 Metals also continues to work with partners at the University of Alberta and at GreenCentre Canada.

Chris Doornbos (PGeo), CEO and director of E3 Metals, is a qualified person as defined by National Instrument 43-101 and has read and approved the technical information contained in this announcement.

(1) E3 Metals has released information on three NI 43-101 technical reports totalling a resource of 6.7 Mt LCE. The Central Clearwater resource area (CCRA) technical report, identifying 1.9 Mt LCE (inferred), is dated effective Oct. 27, 2017, and the North Rocky resource area (NRRA) technical report was dated effective Oct. 27, 2017, identifies 900,000 t LCE (inferred). A third report for the Exshaw West resource area (EWRA) identifies 3.9 Mt LCE (inferred) and was filed on June 15, 2018, effective June 4, 2018. All reports are available on SEDAR.

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