Forward-looking statements are based on the current opinions and expectations of management. 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. This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. All reports are available on the Company's website ( /technical-reports) and SEDAR ( Forward-Looking and Cautionary Statements The Clearwater Lithium Project PEA resource estimate, identifying 2.2Mt LCE (inferred) effective Decemthe North Rocky Resource Area (NRRA) Technical Report effective Octoidentifying 0.9Mt LCE (inferred) and the Exshaw West Resource Area (EWRA) identifying 3.9Mt LCE (inferred) dated June 4, 2018. E3 Metals has also released three NI 43-101 Technical Reports providing a total resource of 7.0Mt LCE. ġ: The Preliminary Economic Assessment (PEA) of the Clearwater Lithium Project NI 43-101 technical report is effective Dec 21, 2020. 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.įor more information about E3 Metals, visit. Through the successful scale up its DLE technology towards commercialization, E3 Metals' goal is to produce high purity, battery grade, lithium products. We look forward to the next stage of development, with the expectation to be designing the Field Pilot in early 2022 after the successful testing program conducted with this Prototype.'Į3 Metals is a lithium development Company with 7.0 million tonnes of lithium carbonate equivalent (LCE) inferred mineral resources 1 in Alberta and an NPV 8% 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-tax 1.

'They continue to deliver results which validate the DLE technology on a continually larger scale. 'This is another key milestone achieved by our technical team' commented CEO, Chris Doornbos. This testing program will complete a series of operational runs that will provide critical information for the development and design of the Field Pilot.

The Prototype is the largest scale processing equipment E3 Metals has operated to date and allows for larger volumes and consistent test cycles that closely resemble commercial operations. The Prototype has been operating at relatively high flow rates and being fully automated, allows for 24/7 operations and testing. The Prototype has begun the extraction test program this week using E3 Metals' sorbents using lithium-enriched formation water from the Leduc Aquifer.

Prototype 3 e3