E3 Metals Awarded $1.8M Alberta Innovates Grant for Pilot Plant Development

Source: · E3 METALS CORP · | April 6, 2021

E3 Metals

CALGARY, ALBERTA, April 6, 2021 – E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC: EEMMF) (the "Company" or "E3 Metals"), an emerging lithium developer and leading direct lithium extraction (“DLE”) technology innovator, is pleased to announce the receipt of a government grant totaling $1.8M from Alberta Innovates that will assist in funding E3 Metals’ pilot plant as outlined below.

The Company has developed a proprietary Direct Lithium Extraction, or “DLE”, technology that seamlessly connects conventional oilfield and lithium processing, unlocking Alberta's previously untapped lithium resources. E3 Metals’ goal is to commercialize its global-scale lithium resource and deliver zero carbon emissions, battery grade, lithium products to the growing electric vehicle supply chain.

The funding provided by Alberta Innovates is to support the demonstration E3 Metals’ DLE technology by progressively scaling it up from the lab prototype to a field pilot. The first step will be a prototype operating within E3 Metals’ Calgary lab, and then a field pilot operating continuously on a site within E3 Metals’ resource area in Alberta. By demonstrating the process at a pilot scale over numerous months, the Company plans to significantly de-risk its Alberta lithium project prior to scaling up to the anticipated commercial scale of 20,000 tonnes/year lithium hydroxide monohydrate. A commercial operation has the potential to directly and indirectly employ many highly skilled personnel as well as generating revenue in taxes and royalties for Alberta and Canada.