09:21 AM EST - E3 Metals Corp. : Provided an update on the expansion of its Aquifer Management Plan (AMP). The expansion of the AMP will provide a basis for the completion of a NI 43-101 report and is expected to include an upgrade of a portion of the Company's resource to Measured and Indicated. This is a critical step towards the development of E3 Metals' Prefeasibility Study (PFS). Following the update outlined in the November 24, 2020 press release , the Company is now in the process of expanding the data in the AMP to increase the predictability of brine flow in the aquifer. This work will enable intelligent well network planning that promotes efficient brine production and minimal surface impact. The majority of the data required, including core and seismic, is available from the development of historic oil and gas production in the area. "We have been appraising the expansion of the Aquifer Management Plan for some time and we are really excited to kick things off," commented Liz Lappin , VP Corporate Affairs & Exploration. "The expanded subsurface team is laser focused on this important part of E3's development plan and I'm very pleased with the progress to date." E3 Metals Corp.
shares V.ETMC are trading unchanged at $2.18.
