E3 Metals Receives Federal Government Grant for Expanded Lithium Extraction Technology Research with the University of
Alberta
￮ An ongoing partnership between E3 Metals and the University of Alberta has received an additional $100,000 Federal
Government development grant under the National Science & Engineering Research Council’s Collaborative Research & Development Grant
program.
￮ The grant will support the ongoing testing and planned scale-up of the partnership’s chemical lithium concentration
technology in 2018 & 2019
Vancouver, British Columbia (FSCwire) - E3 METALS CORP.
(TSXV: ETMC, FSE: OU7A, OTC: EEMMF) (the “Company” or “E3 Metals”) is pleased to announce that, in partnership
with Dr. D. S. Alessi at the University of Alberta (the “Alessi Lab”), the Company has received a grant of $100,000 from the
National Science & Engineering Research Council (NSERC) under the Collaborative Research & Development Grant program. The NSERC
grant funding will also provide the Alessi Lab an in-kind contribution of up to an additional $102,500. E3 Metals is supporting
the NSERC grant with a coincident contribution of $50,000, payable over the next 12-months. The funding will continue to support
the advancement of the Company’s promising lithium concentration technology into 2019.
Advancement and Scale-up of Extraction Technology
The planned commercial lithium extraction process from E3 Metals’ Petro-Lithium deposit would occur in
two-stages:
1. Concentration: Reducing water volumes while increasing the resulting grade of lithium and
removing the majority of magnesium (Mg2+) and calcium (Ca2+) to produce a concentrate.
2. Polishing and lithium salt production: Purifying the concentrate prior to creation of high
purity Lithium Hydroxide (LiOH) and/or Lithium Carbonate (Li2CO3.)
The Company’s near-term focus is to scale-up our promising chemical concentration technology in partnership with
some of Canada’s leading (public and private) research facilities. Additionally, E3 Metals has arranged for testing of its brine
using advanced lithium concentration methods under development by other leading third-party technology providers.
In late 2018, the Company is planning to develop scaled-up concentration testing equipment that could be coupled
with proven commercially available polishing and production technology. The Company would then construct a modular bench-scale
prototype capable of producing small quantities of high purity LiOH and/or Li2CO3 from E3 Metals’ brines.
Once the process has proven successful, the modular prototype will be transitioned into the field for testing. Low-cost
field-testing will be facilitated by available brine production at surface from E3 Metals’ partnerships with multiple oil and gas
operators. Field-testing of this prototype equipment is expected to commence in early 2019.
About E3 Metals Corp.
E3 Metals is a Petro-Lithium development company in Alberta advancing unconventional lithium brines. E3 Metals
holds one of the world’s largest lithium resources at 2.83Mt1 LCE. The Company offers a compelling competitive
advantage having access to significant infrastructure from oil and gas development in Alberta. This has provided E3 Metals with
low finding cost for the definition of its resource from sampling wells. This infrastructure may also provide wells and pipelines
for future commercialization of a lithium production operation. The Company’s immediate goal is to prove a commercially viable
chemical concentration process to unlock the value of its resource. More information about E3 Metals can be found on our website
by visiting: www.e3metalscorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
Chris Doornbos, President & CEO
E3 METALS CORP.
Chris Doornbos (P.Geo), President, CEO and a Director of E3 Metals Corp. is a Qualified Person as defined by
National Instrument 43-101 and has read and approved the technical information contained in this news release.
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.
This news release includes certain forward-looking statements concerning domestic and global demand for lithium,
lithium use by the automotive industry, lithium ion battery use by the consumer electronics industry, lithium ion battery use by
municipalities, lithium use by the battery industry and demand for lithium in high-efficiency batteries, the exploration and
development activities proposed to be undertaken by the Company, the future performance of our business, its operations and its
financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking
statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and
similar words referring to future events and results. Forward-looking statements are based on the current opinions and
expectations of management. 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, fluctuating commodity prices,
new technology or mineral extraction processes, competitive risks and the availability of financing, as described in more detail
in our recent filings available at www.sedar.com. Actual events or results may differ
materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We
assume no obligation to revise or update these forward-looking statements except as required by applicable law.
To view the original release, please click here
Source: E3 Metals Corp. (TSX Venture:ETMC)
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