CALGARY, Alta., July 8, 2022 /CNW/ – E3 LITHIUM LTD. (TSXV: ETL) (FSE: OU7A) (OTCQX: EEMMF) (the “Company”), from Alberta Leading lithium developer and innovator of Direct Lithium Extraction (DLE) technology, is pleased to announce that it has begun trading under its new name and ticker symbol “ETL” effective upon market open. today.
The Company’s common shares trade on the TSX Venture Exchange under the name and under the new ticker symbol. The common shares of the Company will continue to trade on the Frankfurt Stock Exchange under the same symbol “OU7A” and on the OTCQX under the same symbol “EEMFF”.
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 8% NPV on its Clearwater Lithium project of $1.1 billion with an IRR of 32% before tax and $820 million with an after-tax IRR of 27%1. Through the successful scale-up of its DLE technology to commercialization, E3 Lithium’s goal is to produce battery-grade, high-purity 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 DoornbosPresident and CEO
1: The Preliminary Economic Assessment (PEA) of the NI 43-101 Technical Report for the Clearwater Lithium Project became effective on December 21, 2020. E3 Lithium has also released three NI 43-101 Technical Reports providing a total resource of 7.0 Mt. LCE. The Clearwater Lithium Project PEA resource estimate, identifying 2.2 Mt of LCE (inferred) as of December 21, 2020; the North Rocky Resource Area (NRRA) Technical Report effective October 27, 2017 identifying 0.9 Mt LCE (inferred); and the Exshaw West Resource Play (EWRA) identifying 3.9 Mt LCE (Inferred) as of June 4, 2018. All reports are available on the company’s website (e3lithium.ca/technical-reports) and SEDAR (www.sedar.com)
Forward-Looking Statements and Cautions
This press release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by words such as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to to future events and results. Forward-looking statements are based on management’s current beliefs and expectations. 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, fluctuation in commodity prices, efficiency and feasibility of emerging lithium mining technologies that have not yet been tested or proven at commercial scale or on the Company’s brine, competitive risks and availability of financing, as further described in our recent filings titles available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution you not to place undue reliance thereon. We undertake 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 Lithium Ltd.
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