E3 Metals Corp.

09:37 AM EST - E3 Metals Corp. : Announced today that FMC Lithium USA Corp. ("Livent") has decided to opt out of the Joint Development Agreement in place between the two organizations. In communicating the decision, Livent expressed confidence in the E3 Metals technology and in the world class Leduc aquifer, but said resource and capital allocation considerations forced its decision to withdraw. E3 Metals appreciates the work Livent has funded and its input to date. Significant achievements have been made in advancing the technology towards commercialization and the foundation is solidly in place to complete the process. The Company plans to commercialize the developments completed through the partnership with Livent. Despite opting out of the existing agreement, Livent has expressed interest to E3 Metals in working together to further advance the DLE technology under a different deal structure. E3 Metals Corp. shares V.ETMC are trading off 32 cents at $1.05.