E3 Metals has also released three NI 43-101 Technical Reports providing a total resource of 7.0Mt LCE. ġ: The Preliminary Economic Assessment (PEA) of the Clearwater Lithium Project NI 43-101 technical report is effective Dec 21, 2020. 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.įor more information about E3 Metals, visit. Through the successful scale up its DLE technology towards commercialization, E3 Metals' goal is to produce high purity, battery grade, lithium products. We look forward to continuing to update the market on our progress and we expect a very exciting fall.'Į3 Metals is a lithium development Company with 7.0 million tonnes of lithium carbonate equivalent (LCE) inferred mineral resources 1 in Alberta and an NPV 8% 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-tax 1. 'We have in place a top-notch technical team that is continuing to deliver exceptional results that further advance the development of our DLE technology. 'We are very encouraged by all the work that is coming out of our lab and are pleased to announce that we have broken ground on moving forward to the next phase of our development plan' commented CEO, Chris Doornbos. The Prototype is currently under construction and anticipated to be in full operation in October 2021. The Prototype allows testing at larger volumes and scale, over multiple test cycles that more closely resembles commercial operations, with fully automated process equipment. The Prototype will be operated in the lab at high flow rates with the ability to operate 24/7. The Company is advancing its preparations to complete further advanced tests in a Pilot Prototype. Further tests will continue on our alternate sorbents to ensure the technology will operate at optimal efficiency. The process mimics similar operational conditions to the Pilot at a reduced scale. The results from the initial flow system, outlined in the JNews Announcement, have confirmed that lithium from the Leduc Aquifer can be extracted while operating under continuous flow conditions, running over extended periods, and within the anticipated operating parameters. The Company has started the construction of the lab-based Pilot Prototype and has already prepared enough of this sorbent to complete the test. The sorbent candidate used in this successful test will now advance to the Pilot Prototype testing phase.

(TSXV: ETMC) (FSE: OU7A) (OTC: 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's initial flow system test was completed successfully.

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