E3 Metals
TSXV:ETMC
New Technology Unlocking a Vast Resource
New Technology Unlocking a Vast Resource
E3 Metals Corp.’s (TSXV:ETMC,FWB:OU7A,OTC Pink:EEMMF) goal is to power the growing electrical revolution by producing battery-quality lithium products. The company is developing a project in Alberta, Canada, a location that’s advantageous for E3 because of the province’s depleted oil reservoirs that are full of lithium-enriched brine. E3 Metals combines a significant resource and a well-established local industry with its own proprietary direct lithium extraction (DLE) technology, giving the company the potential to deliver lithium to market in one of the best jurisdictions in the world.
In the fall of 2019, E3 Metals partnered with Livent Corp (NYSE:LTHM) to assist in the development and pilot of its direct lithium extraction process. The joint development agreement has Livent contributing up to US$5.5 million to fund this development and the pilot plant construction and operation.
The prolific and world class Leduc Reservoir hosts lithium enriched brine containing 6.7 million tonnes LCE inferred mineral resource delineated to date. The development of this resource through brine production is a well understood venture in Alberta, where this brine is currently being produced to surface through extensive oil and gas development.
The ability for E3 Metals’ DLE to obtain over 90 percent recovery and increase the concentration of lithium from approximately 80 mg/L to over 5000 mg/L, while reducing impurities by over 99 percent is the key to commercializing lithium production in Alberta from the Leduc.
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