Great news. All moving in the right direction...
CALGARY, AB, June 23, 2021 /CNW/ - E3 METALS CORP. (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 highlight results from one of its improved sorbents which has demonstrated longer life and consistent performance in batch testing with 97% lithium recovery while removing over 99% of the critical impurities.
E3 Metals opened its Calgary-based testing facility in early 2021 with a focus on improving the manufacturing process for its sorbent material, the critical component of its DLE technology. This improved sorbent has been tested rigorously over the past four months and has achieved incredibly high performance represented by high recovery and removal of impurities, while demonstrating a robust cycle life at batch scale.
Outlined in the table below, the high recovery of lithium from the raw brine is compared alongside the low recovery of other elements. This represents the impurity removal of each critical element in the resulting concentrate, E3's Li-IX solution, and demonstrates the selectivity of lithium over other important elements. This new sorbent is a leading candidate in the flow column testing as previously outlined in the Company's June 9, 2021 news release alongside the other two candidates.
| Ion | Recovery in
Concentrate |
| Li | 97.0% |
| Ca | 0.21% |
| Mg | 0.30% |
| K | 0.04% |
| Na | 0.05% |
CEO, Chris Doornbos commented, "The growing team at our testing facility continues to outperform as we see a growing number of these types of rapid advancements. The results outlined here are very encouraging so early out of the gate and demonstrate the high performance of E3's industry leading DLE technology. The low levels of impurities highlight how E3's technology is engineered for purity as we aim for a final lithium product that can be sold directly to the battery market, a key differentiator."
E3 Metals announces that it has granted incentive stock options ("Options") to purchase a total of 745,000 common shares at an exercise price of $1.70 per share to certain directors, officers, and employees of E3 Metals in accordance with the provisions of its stock option plan and staff compensation policy. The Options will expire five years from the date of grant and are subject to vesting conditions.
About E3 Metals
E3 Metals is a lithium development Company with 7.0 million tonnes of lithium carbonate equivalent (LCE) inferred mineral resources1 in Alberta and an NPV8% 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-tax1. Through the successful scale up its 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.
ON BEHALF OF THE BOARD OF DIRECTORS,
Chris Doornbos, President & CEO
E3 METALS CORP.