Canadian E3 Metals Corp. announced the addition of five new strategic metallic and industrial minerals permits acquired directly from the Alberta government, Canada, adding 36,434 ha to E3’s overall permit area.
In conjunction with its proprietary Ion Exchange Direct Lithium Extraction Process (DLE Process), E3 Metals is evaluating additional value creation opportunities to grow its project base. The five new permits acquired have been under review for several years as they occur along the highly prospective “Meadowbrook-Rimbey” Leduc reef trend. This area is an extension of E3’s existing Alberta Lithium Project, located just north of E3’s North Rocky Resource Area (NRRA) which hosts a lithium deposit of 0.93 Mt lithium carbonate equivalent (LCE). This prospective geological trend contains hundreds of wells that have been drilled to the Leduc reservoir, with many currently active today. Collectively, these wells are producing a combination of oil, gas and lithium enriched brine. Infrastructure along the trend presents abundant brine sampling and repurposing opportunities, which could minimize environmental impacts for a commercial lithium production project.
Historical data available from the Leduc Reservoir in this area indicates that the brine is enriched in lithium. E3 Metals plans to conduct sampling with several partners to confirm the concentrations of lithium within this new area.
The Company also released 5 non-prospective metallic and industrial minerals permits located at the south end of permit area which were originally staked in 2017. Releasing the permits was part of E3’s strategy to prioritize areas with realistic commercialization potential. E3 now holds a total of 591,144 ha or 1.46 million acres of Metallic and Industrial Minerals permits in Alberta.
About E3 Metals Corp.
E3 Metals is a lithium development company with 6.7 million tonnes lithium carbonate equivalent (LCE) inferred mineral resources in Alberta. E3 Metals is currently advancing its proprietary Ion Exchange Direct Lithium Extraction Process (DLE Process) in partnership with Livent Corporation under a Joint Development Agreement. Livent is the world’s largest pure-play lithium producer, well-known for being one of the lowest cost producers of lithium carbonate. With facilities across the globe, Livent holds technical expertise in the extraction and production of various lithium products. E3 Metals also continues to work with partners at the University of Alberta and at GreenCentre Canada.