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With the Lithium Boom Set to Accelerate…

Meet the Resource and Tech Company Looking to Power the Electrical Revolution from One of the Hottest Jurisdictions in the World…

Plus, Why E3 Metals Soared About 2,400%(1)

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E3 Metals Investigates Carbon Sequestration in Alberta as a Potential for Carbon Neutrality

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It’s tough to argue against the lithium story.

With substantial demand, and significant supply shortages, lithium prices just ran about 400% year over year.  2 However, with shortages persisting, lithium prices could head higher – which could be great news for companies, such as E3 Metals OTCQX:EEMMF TSXV:ETMC

All thanks to a massive, global shift to electric vehicle adoption. At the moment, governments all over the world want millions of EVs on the roads over the next decade. The U.S. for example wants about 50% of all car sales to be electric by 2030. 3 Companies, like Ford, General Motors, Volkswagen, and Mercedes are racing to develop them. 4 But there’s a MAJOR problem. We just don’t have enough lithium supply.

“There is the quadrupling of demand in just five years and probably a growth of six or seven times over 10 years. So, clearly the industry is not prepared today for that level of demand – the amount of incremental capacity that the industry needs over the next 10 years is at least 1.5 million mt. and in terms of capital investment, will probably require $45 billion-$50-billion of investment into new projects or expansions of existing operations.”

S&P Global (5)
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Fortunately, that’s where a lithium company, like E3 Metals may be able to help.

Source 6

At the moment, E3, a lithium resource and technology company is working towards the production of lithium products to power the booming electrical revolution.

In fact, through the scale up its Direct Lithium Extraction (DLE) technology – which obtains over 90% recovery and drastically increases the concentration of lithium, while reducing impurities by over 99% — it’s inching towards producing high purity, battery grade, lithium products. (Source 6)

Even better, the company has the potential to deliver lithium to market from one of the hottest jurisdictions in the world – Alberta, Canada, where E3 is developing its Clearwater Project.

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Source 6

Why Alberta, Canada? (6)

Alberta’s oil and gas history, regulatory environment, industrial capability and workforce offer a key ‘Alberta Advantage’ to E3’s projects.

Location Location Location: Building on the backbone of the oil and gas industry, E3 Metals lithium brine resource is located in the industry heavy province of Alberta, optimal for permitting and operations with significant existing infrastructure.

  • Resource: Sitting on 7Mt of inferred mineral resources, this is around the 7th largest lithium resource in the world.
  • Operational Process: The company has developed a proprietary technology designed to consistently supply a pure lithium product to market in the midst of historic lithium demand.
  • E3 Metals’ initial development plan is to produce 20,000 tonnes LCE/year with existing infrastructure in place, and an ability to scale up.
  • And what’s more, compared to others in the lithium space, E3 Metals Corp. could be significantly undervalued – at least for the time being.

All of which are helping to put E3 Metals on the road to commercialization.

Bill 82 in Alberta, Canada May be Another Significant Catalyst

With lithium demand only gaining momentum, Alberta just introduced Bill 82, or the Renewing Alberta’s Mineral Future Strategy and Action Plan.

“With the New Act, the government intends to provide certainty for the industry, help position the province as a mineral producer and spur growth in the sector. The government has also marketed the New Act as helping to support a future low-carbon economy,” as noted by BennettJones.com.

Source: https://www.bennettjones.com/Blogs-Section/Bill-82-Laying-the-Groundwork-for-Albertas-Future-as-a-Mineral-Producer

In addition, the strategy could help Alberta become one of the top preferred producers of minerals, and could help establish a path to market success, while attracting even more investment to the region.

Not only could that help create a clear and fast regulatory pathway for E3 Metals to build a lithium operation in Canada, it could help with the ease of permitting for the company, as well. In short, this could be a sizable catalyst for E3 Metals moving forward.

According to President, CEO, and Director Chris Doorbos, as noted by the Financial Post: (7)

“Propelled by the electric vehicle industry, the lithium market is expected to grow significantly over the next decade, tripling its current size by 2025. Analyst demand projections indicate that new sources of lithium are required in addition to existing and planned capacity to meet the needs of the growing number of battery megafactories. Alberta has the opportunity to supply lithium into this market by the mid-2020s. E3 Metals’ Clearwater Project, along with our proprietary direct lithium extraction or DLE technology, will help bring lithium into commercial production in the province.”

 

E3 Metals’ Goal is to Produce Lithium with the Highest Standard of ESG

E3 Metals Lab Pilot Prototype Initial Tests Just Delivered 97% Lithium Recovery
(8)

Even more impressive, E3 Metals just announced the first set of results from its Lab-Pilot Prototype, which has been operating since October. The Prototype is E3’s largest scale DLE system to date with two separate trains capable of brine flow rates of up to 120L/hr. 

An initial series of eleven tests were conducted ahead of a multi-cycle test to determine the operating parameters for a long-run program. The equipment and automation performed as expected providing the base design for the long-run program with a high level of confidence. 

Measured in total recovery of lithium, the performance of the Prototype exceeded expectations. Peak recoveries were recorded as high as 97% during these tests. Across all of the tests, the average lithium recovery remained above 90%, generally up to 95% in most cases. 

The Prototype is currently running the long-run test program with one form of the sorbent on Train 1. This test will be concluded in mid-late December with results expected in the new year. Train 2 of the prototype has begun the initial test of the second form of the sorbent with results also expected in the early new year.

“We are very excited about these results,” commented CEO, Chris Doornbos. “These initial tests were not designed to maximize performance, but rather, understand the performance. The fact that we see such high recoveries in this continuous flow system in a ‘set-up for testing’ environment is incredibly encouraging as we look towards our process design of the pilot.”

E3 Metals Corp. (TSXV:ETMC)(OTC:EEMMF) is Also Technically Attractive

Over the last two years, E3 Metals’ stock has had an impressive run.

In fact, since finding support around 19 cents in March 2020, the ETMC stock popped to a high of about $4.75 in February 2021 – good for a return of approx. 2,400%.  After some apparent profit taking, the stock now trades around $2.13 a share as of 12/20/21. (Source 1) 

ETMC also appears oversold on relative strength (RSI), MACD, and Williams’ %R. The last time these indicators became this oversold in June 2021, the stock ran from a low of about $1.60 to a high of about $3.50 by late October 2021. (Source 1)

Given the demand for lithium, and short supply, E3 Metals could see higher highs moving forward. Plus many of the stock’s short-, medium-, and long-term indicators all appear to be positive as well, including its 20-100 Day MACD Oscillator, its 20-200 Day MACD Oscillator, its 50-100 Day MACD Oscillator, its 50-150 Day MACD Oscillator, its 50-200 Day MACD Oscillator, and its 100-200 Day MACD Oscillator. (Source 9)

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Source 1

E3 Metals Corp. is Led by an Experienced Team with a Proven History of Success in the Energy Industry

Even better, the company has the potential to deliver lithium to market from one of the hottest jurisdictions in the world – Alberta, Canada, where E3 is developing its Clearwater Project.

CDoornbos_Headshot

Chris Doornbos | PRESIDENT, CEO, DIRECTOR | P. GEO, BSC(HONS)

Chris is an expert in developing major projects both in Canada and across the globe. He has a strong technical background and has successfully driven projects through the development stages through to production using innovative and out of the box thinking. Chris has a long history of developing companies, both privately and in the public capital markets. This includes developing and negotiating large corporate transactions, the sale and acquisition of mineral properties and strategic capital raising. Chris emphasizes risk management, developing and managing an exceptional technical team and well-strategized project generation, with a clear focus on developing and capturing value for shareholders. Chris founded E3 Metals in 2016 and brings this experience to the company as the CEO and a director. He was formerly the CEO/Director of Revere Development Corp. and Vice-President of Exploration for MinQuest Ltd.

Raymond-Chow

Raymond Chow | CFO, CPA, CA

Raymond is a dynamic senior finance professional with more than 17 years of finance and accounting experience in high growth companies and corporate financial services. He served at ATB Financial in the project finance group and previously held progressively senior roles within the energy industry including serving as interim CFO for a private equity backed, intermediate private oil and gas producer. His experience includes go-public initiatives, M&A transactions totaling over a billion dollars in value and expertise in the financial reporting functions for public companies. Raymond is a Chartered Professional Accountant (CPA, CA) and articled at PricewaterhouseCoopers.

jonathan-nielsen

Jonathan Nielsen | DIRECTOR, TECHNOLOGY, BS METE

Jonathan brings over 30 years of experience and technical expertise in process development and optimization specific to base metals and lithium processing technology development from lab to commercial commissioning. Jonathan has held senior roles with several internationally recognized companies including FLSmidth where Jonathan was Director of their Global Hydromet Process Line, managing several significant roles including base metal and lithium brine business development, process design, testing, and project costing. Prior to his time with FLSmidth, Jonathan spent 11 years with Engitec Technologies (USA Division) where he held progressively senior roles including Site Technology Manager where he worked internationally managing the scale-up of proprietary hydrometallurgical technologies and plant commissioning, and ultimately holding the position of Managing Director where he oversaw all activities and development under the USA operations.

chris-w

Chris Ward | DIRECTOR OF PROJECTS

Chris is a seasoned project manager with over 25 years of experience in both design and operation of mining assets across North and South America. Chris has completed several +$1B mining and mineral processing projects in his career, which spans multiple commodities including mineable oil sands, copper, molybdenum, lead, zinc, silica, and gold. Chris has a deep background in process design, as well as a comprehensive knowledge of project design and project management. Chris most recently worked on tailings and infrastructure projects for Imperial Oil and Syncrude.

Peter-Ratzlaff2

Peter Ratzlaff | DIRECTOR OF RESOURCE DEVELOPMENT

Peter has over 25 years of diversified engineering and production/operations experience. His experience includes management of the overall production strategy, field operations, and capital programs in the Oil and Gas industry. Prior to joining E3 Metals in 2021, Mr. Ratzlaff was Manager Operations at Huron Resources Corp. from 2016 to 2020. From 2010 to 2016, Peter held the role of Production Manager at Cequence Energy Ltd. Prior to Cequence, he held progressively senior roles with public companies including Canadian Hunter Exploration, Burlington Resources and ConocoPhillips. Peter has a Bachelor of Science in Chemical Engineering from the University of Calgary and is an APEGA Registered Professional Engineer.

Why Get E3 Metals (TSXV:ETMC)(OTC:EEMMF) On Your Radar Now?

For one, E3 Metals combines a impressive lithium resource with innovative technology that can extract lithium from Alberta, Canada brines.

In addition, the company may have substantial potential:

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