CALGARY, June 4, 2018 /CNW/ - E3 METALS CORP. (TSXV: ETMC, FSE: OU7A, OTC: EEMMF) (the "Company" or "E3 Metals") an emerging petro-lithium developer is pleased to announce the appointment of Greg Florence, CPA, CMA as Chief Financial Officer and Corporate Secretary. The appointment of an experienced CFO, with significant project development and operating experience in Alberta, reflects the Company's commitment to advancing its Alberta petro-lithium project.
Greg has over thirty-seven years of business experience in various sectors including upstream oil and gas, green technologies, industrial supplies, and agribusiness. In addition to 12+ years as a CFO, Greg has held a number of senior management positions including Corporate Secretary, Director Investments and Vice President Marketing and Corporate Development. His expertise includes finance and accounting, budgeting and forecasting, regulatory compliance, corporate finance, portfolio investment and management and corporate governance. Greg has served as a director of various public and private companies, and not-for-profits. He is a member of the Chartered Professional Accountants of Alberta.
The Company would like to thank Debbie Lew, E3 Metals' outgoing CFO and Corporate Secretary, for her outstanding contributions to the Company's success and growth over the past year.
Chris Doornbos, E3 Metals' CEO, commented "We are delighted to welcome Greg to E3 Metals. Greg brings with him significant industry experience and an excellent track record of leading finance functions in the resource and technology sectors. As we focus on our development strategy, Greg's appointment reinforces our commitment to advance towards commercial production in 2021. Together with the Board and the wider management team, I am very much looking forward to working with Greg. I would like to thank Debbie for all of her hard work and dedication to E3 Metals over the past year, including her help in ensuring a smooth transition for Greg. We wish her the best in her future endeavours."
About E3 Metals Corp.
E3 Metals is a Petro-Lithium company rapidly advancing the development of direct recovery lithium brine projects in Alberta. E3 Metals holds lithium resources at 6.7 Mt LCE (inferred)1. The Company has a compelling competitive advantage by virtue of having access to extensive infrastructure built by the Oil and Gas industry in Alberta. This has provided E3 Metals with extremely low finding costs, as the Company has been able to sample existing wells to define its resource. This infrastructure may also provide wells and pipelines for a future lithium production operation, potentially reducing the future underlying capital requirements significantly. The Company's immediate goal is to demonstrate a commercially viable chemical concentration process and believes this is a key driver to commercial production of its Alberta lithium brine resources. More information about E3 Metals can be found on our website by visiting: www.e3metalscorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
Chris Doornbos, President & CEO
E3 METALS CORP.
Chris Doornbos (P.Geo), President, CEO and a Director of E3 Metals Corp. is a Qualified Person as defined by National Instrument 43-101 and has read and approved the technical information contained in this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
1 E3 Metals has released information on three 43-101 Technical Reports totalling resource of 6.7 Mt LCE. The Central Clearwater Resource Area (CCRA) Technical Report, identifying 1.9Mt LCE (inferred), is dated effective October 27, 2017, and the North Rocky Resource Area (NRRA) Technical Report was dated effective October 27, 2017, identifies 0.9Mt LCE (inferred). Both reports are available on SEDAR (www.sedar.com). A third report for the Exshaw West Resource Area (EWRA), identifies 3.9Mt LCE (inferred) and will be released within the next 3 weeks.
This news release includes certain forward-looking statements concerning domestic and global demand for lithium, lithium use by the automotive industry, lithium ion battery use by the consumer electronics industry, lithium ion battery use by municipalities, lithium use by the battery industry and demand for lithium in high-efficiency batteries, the exploration and development activities proposed to be undertaken by the Company, the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, new technology or mineral extraction processes, competitive risks and the availability of financing, as described in more detail in our recent filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
SOURCE E3 Metals Corp.
For further information: #205-227 10th St NW, Calgary, AB, T2N 1V5, +1 (877) 319-7634, [email protected], e3metalscorp.com