Opens Direct Lithium Extraction Development and Testing CNW Group
E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC: EEMMF) (the "Company" or "E3 Metals"), an emerging lithium developer and leading lithium extraction technology innovator, is pleased to announce the opening of its direct lithium extraction (DLE) development and testing facility in Calgary. This facility will be the site of the continued progression towards commercialization of the Company's DLE technology. This includes the scale-up and lab prototype campaign in preparation for the field pilot plant. All equipment within the facility is owned by E3 Metals' and will be operated exclusively by E3 Metals' growing team of technical experts. E3 Metals' DLE process test work will continue to selectively extract lithium directly from oilfield brine sourced from the Leduc Reservoir within E3 Metals' resource area. In addition, the Company will use the space to ramp up development of the full flowsheet; the production of lithium hydroxide from oilfield brine, throughout 2021.
"We are very excited to be consolidating our direct lithium extraction process development work into our new E3 Metals' testing facility right here in Calgary," commented Chris Doornbos, E3 Metals' President and CEO. "Our team is well on the way to transferring E3 Metals' core process development work to Calgary and we anticipate full operational efficiency before the end of the month."
About E3 Metals Corp.
E3 Metals is a lithium development Company with 7.0 million tonnes of lithium carbonate equivalent (LCE) inferred mineral resources(1) in Alberta and an after-tax NPV(8%) on its Clearwater Lithium Project of USD 820M with a 27%(1) IRR. Through the successful scale up its direct lithium extraction (DLE) technology towards 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. E3 Metals also continues to work with partners at the University of Alberta and at GreenCentre Canada.
For more information about E3 Metals, visit https://www.e3metalscorp.com.