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E3 Lithium Ltd V.ETL

Alternate Symbol(s):  EEMMF

E3 Lithium Ltd. is a Canada-based lithium resource company. The Company is focused on commercial development of lithium extraction from brines contained in its mineral properties in Alberta. The Company’s Clearwater Project is located between Red Deer and Calgary in Alberta. Its Direct Lithium Extraction (DLE) on-exchange technology uses a sorbent designed to be selective towards lithium ions. Its technology reduces volumes of low-grade brine into a high-grade lithium concentrate, removing nearly all impurities. This produces a clean product for the development of high purity lithium compounds used in Li-ion batteries. The Company has measured and indicated lithium resources in Canada, with 16.2 million tons (Mt) measured and indicated Lithium Carbonate Equivalent (LCE), hosted in the Leduc Aquifer. In addition, it has 0.9 Mt of inferred mineral resources in its Rocky Area.


TSXV:ETL - Post by User

Post by ndiamondon Dec 02, 2021 3:33am
343 Views
Post# 34188650

E3 Metals Lab Pilot Prototype Initial Tests Deliver 97% Li

E3 Metals Lab Pilot Prototype Initial Tests Deliver 97% LiExcellent update.   All heading in the right direction.   

 Standard Lithium - most similar to ETMC in the peer group - market cap over $2 billion.   

 You can do the math on where ETMC share price is heading...

E3 Metals Lab Pilot Prototype Initial Tests Deliver 97% Lithium Recovery

CALGARY, ABDec. 2, 2021 /CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTCQX: EEMMF) (the "Company" or "E3 Metals"), an emerging lithium developer and leading direct lithium extraction ("DLE") technology innovator, is pleased to announce the first set of results from its Lab-Pilot Prototype (the "Prototype") that has been operating since October. The Prototype is E3's largest scale DLE system to date with two separate trains capable of brine flow rates of up to 120L/hr.

An initial series of eleven tests were conducted ahead of a multi-cycle test to determine the operating parameters for a long-run program. The equipment and automation performed as expected providing the base design for the long-run program with a high level of confidence. Measured in total recovery of lithium, the performance of the Prototype exceeded expectations. Peak recoveries were recorded as high as 97% during these tests. Across all of the tests, the average lithium recovery remained above 90%, generally up to 95% in most cases.

The Prototype is currently running the long-run test program with one form of the sorbent on Train 1. This test will be concluded in mid-late December with results expected in the new year. Train 2 of the prototype has begun the initial test of the second form of the sorbent with results also expected in the early new year.

"We are very excited about these results" commented CEO, Chris Doornbos. "These initial tests were not designed to maximize performance, but rather, understand the performance. The fact that we see such high recoveries in this continuous flow system in a 'set-up for testing' environment is incredibly encouraging as we look towards our process design of the pilot."

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 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.

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.

 


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