Mr. Chris Doornbos reports
E3 METALS PROVIDES CORPORATE UPDATE AND LIVE WEBINAR ON JUNE 16, 2020
E3 Metals Corp. has provided an update on its developments through the first half of 2020 and continuing activities as the world begins to emerge from the COVID-19 pandemic.
Direct lithium extraction process
E3 Metals has been working diligently on its proprietary direct lithium extraction (DLE) process with Livent Corp. --
see news release dated Sept. 18, 2019. The work has continued through the pandemic with appropriate protocols in place to ensure the health and safety of E3 Metals' and Livent's staff and contractors. The project's goals have remained in focus and both companies are working toward a commercially viable process that will ultimately be demonstrated with a planned pilot plant in Alberta.
Alberta lithium brine project
In parallel to the DLE process development work with Livent, E3 Metals is actively advancing the overall project, which includes local infrastructure and reservoir development. Recent attention has been placed on abandoned well liabilities in Alberta with the federal government committing $1-billion to the cleanup effort. E3 Metals has identified the potential for repurposing oil wells into lithium production and is actively developing this plan. This could see E3 reduce the overall capital expenditure by using already existing infrastructure.
"While the recent pandemic has had a global impact, E3's goals continue unwavered," commented E3's chief executive officer, Chris Doornbos. "The drivers behind the lithium market remain strong and high-purity lithium hydroxide continues to fetch a healthy premium. Having a project in Alberta, Canada, brings advantages few other lithium projects can boast: available infrastructure, available work force, a strong social licence, and a secure and stable jurisdiction from a sovereign risk perspective. As we begin to emerge from the pandemic I would like to extend my appreciation to my staff and contractors for working safely and diligently through this tough time."
Corporate update webinar
To provide more details on the company's plans for 2020, the company is pleased to provide a live corporate overview webinar with Mr. Doornbos on June 16 at 2 p.m. Eastern Standard Time. Mr. Doornbos will be going through the company's updated investor presentation, providing an in-depth overview of the company's current activities and upcoming milestones. He will also cover the latest updates in the lithium sector and why direct extraction technology is critical to the growth of the electric vehicle market. Management will be available to answer questions following the presentation on the webinar platform via live question and answer session.
Date: Tuesday, June 16, 2020
Time: 2 p.m. EST (12 p.m. Mountain Standard Time, 11 a.m. Pacific Standard Time)
A recording of the webinar will be available on E3's website after the session for those who are unavailable to attend at this time.
Management will be available to answer questions following the presentation.
About E3 Metals Corp.
E3 Metals is a lithium development company with 6.7 million tonnes of lithium carbonate equivalent (LCE) inferred mineral resources 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.
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