CALGARY, Alta., April 21, 2022 /CNW/ – E3 METALS CORP. (TSXV: ETMC) (OTCQX: EEMMF) (FSE: OU7A) (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 an engineering company to begin design work on its Field Pilot which will utilize E3 Metals proprietary sorbent.
The objective of the field pilot is to demonstrate a near commercial scale modular design of the company’s ion exchange DLE process under real operating conditions. The field pilot will be connected to an existing well that produces brine directly from the Leduc aquifer as part of the company’s Clearwater project. This is the next stage of development, moving forward from the company’s DLE lab pilot prototype that provided positive results of up to 97% lithium recovery in multi-cycle testing. On April 6, 2022, the company announced that it has begun evaluation of commercial-scale manufacturing of its proprietary sorbent that will be used in the field pilot. Combining E3 Metals’ sorbent technology with a large scale ion exchange system operating under real world conditions is an important step towards reducing risk and demonstrating the DLE process and technology at scale. commercial. This major milestone has the potential to unlock the value of an important world-class lithium resource in a safe and friendly jurisdiction.
The Company expects the design and final cost estimate phase to be completed within the next six months with construction to follow shortly thereafter. The design and construction of the field pilot will likely use conventional, established ion exchange equipment that can be scaled to commercial capabilities. Ion exchange technology is used worldwide in different commercial applications such as water treatment and purification. This type of commercial equipment is available from several global vendors. The field pilot’s initial plan will be to operate in the The Duke aquifer over a six-month period to collect and analyze data to further validate the technology and operating parameters. This milestone will lead to the Company’s goal of commercializing its proprietary DLE technology and commercial production of lithium hydroxide from its Clearwater project.
“This important step towards commercialization of E3 Metals’ technology consists of two main elements, (1) our sorbent material and (2) the field pilot, where the two together form the complete DLE process,” commented the CEO of the company, Chris Doornbos. “Our primary focus has been to develop a simple process, using our proprietary sorbent with well-established and commercially scalable processes to help reduce the overall costs of extracting lithium from The Duke brines. We look forward to the design and our goal of successfully operating E3 Metals’ DLE field driver. »
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 8% NPV on its Clearwater Lithium project of $1.1 billion with an IRR of 32% before tax and $820 million with an after-tax IRR of 27%1. Through the successful scale-up of its DLE technology to 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.
For more information about E3 Metals, visit http://www.e3metalscorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
Chris DoornbosPresident and CEO
E3 METALS CORP.
1: The preliminary economic assessment (PEA) of the NI 43-101 technical report of the Clearwater Lithium project is effective December 21, 2020. E3 Metals also released three NI 43-101 technical reports providing a total resource of 7.0 Mt LCE. The Clearwater Lithium Project’s PEA resource estimate, identifying 2.2 Mt of (inferred) effective LCE December 21, 2020; the North Rocky Resource Area (NRRA) technical report October 27, 2017 identification of 0.9 Mt of LCE (inferred); and the Exshaw West Resource Area (EWRA) identifying 3.9 Mt 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 Statements and Cautions
This press release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. 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 management’s current beliefs and expectations. 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 of emerging lithium mining technologies that have not yet been tested or proven at commercial scale or on the Company’s brine, competitive risks and availability of financing, as further described in our recent filings of securities available on www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution you not to place undue reliance thereon. We undertake 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.
For further information: Chris Doornbos, Phone: (587) 324-2775, [email protected]