09:47 AM EST - E3 Metals Corp. : Provided a corporate update. Over the past four months, E3 Metals has seen significant progress toward its goal of becoming a lithium producer including an aggregate total funding of $14.3 Million CAD through three capital raises. In November, E3 Metals released its first Preliminary Economic Assessment outlining that an initial production of 20,000 tonnes LiOH/year has the potential value of $1.1 Billion USD (NPV8%, pre-tax) and $820 Million USD (NPV8%, after-tax), including one of the lowest operating costs for battery quality LiOH of $3,656 USD /tonne. Also in November, John Pantazopoulos joined E3 Metals' board of directors and assumed the position as CFO this January. This past month, E3 Metals welcomed seasoned oil and gas executive, Kevin Stashin to the board of directors and former Premier of Saskatchewan , Brad Wall as an advisor. E3 Metals is actively advancing its DLE lithium project located in south-central Alberta . The primary focus for the Company is to demonstrate the continual scale-up of its proprietary DLE technology as it drives towards commercial production. In parallel, the Company is advancing its Aquifer Management Plan, aiming for an upgrade of its lithium resources to Measured and Indicated while working towards its Pre-Feasibility Study. E3 Metals Corp.
shares V.ETMC are trading up 19 cents at $2.90.
