CALGARY,
AB, July 4,
2022 /CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A)
(OTCQX: EEMMF) (the "Company"), Alberta's leading lithium developer and Direct
Lithium Extraction (DLE) technology innovator, is pleased to
announce that its change of name to "E3 Lithium Ltd.", as approved
by shareholders at the 2022 annual meeting held on June 24, 2022, will take effect as of market open
on Friday, July 8, 2022.
The Company's common shares will trade on the TSX Venture
Exchange under the name and under the new trading symbol "ETL". The
Company's common shares will trade on Frankfurt Stock Exchange
under the same trading symbol "OU7A" and on the OTCQX under the
same trading symbol "EEMMF".
Common share certificates bearing the previous company name "E3
Metals Corp." continue to be valid in the settlement of trades in
common shares. There is no consolidation or change in the share
capital of the Company. Shareholders are not required to transfer
existing share certificates into the new name. The new CUSIP for
the common shares is 26925V108 and the new ISIN is
CA26925V1085.
About E3 Lithium
E3 Lithium is a 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 Lithium's goal is to
produce high purity, battery grade lithium products. With a
significant lithium resource and innovative technology solutions,
E3 Lithium has the potential to deliver lithium to market from one
of the best jurisdictions in the world.
ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos, President &
CEO
E3 Lithium
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1: The Preliminary
Economic Assessment (PEA) of the Clearwater Lithium Project NI
43-101 technical report is effective Dec 21, 2020. E3 Lithium has
also released three NI 43-101 Technical Reports providing a total
resource of 7.0Mt LCE. The Clearwater Lithium Project PEA resource
estimate, identifying 2.2Mt LCE (inferred) effective December 21,
2020; the North Rocky Resource Area (NRRA) Technical Report
effective October 27, 2017 identifying 0.9Mt LCE (inferred); and
the Exshaw West Resource Area (EWRA) identifying 3.9Mt LCE
(inferred) dated June 4, 2018. All reports are available on the
Company's website (e3lithium.ca/technical-reports) and SEDAR
(www.sedar.com)
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Forward-Looking and Cautionary
Statements
This news release includes certain forward-looking statements 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, the effectiveness and feasibility of emerging
lithium extraction technologies which have not yet been tested or
proven on a commercial scale or on the Company's brine, competitive
risks and the availability of financing, as described in more
detail in our recent securities 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.
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.
SOURCE e3 Metals Corp.
