Brief: E3 Metals Says Livent Opts Out Of The Joint Development Project Due To Resource And Capital Considerations

E3 Lithium

27/11/2020 01:38

Nov 26 (Reuters) - E3 Metals Corp  ETMC.V :
    * LIVENT OPTS OUT OF THE JOINT DEVELOPMENT PROJECT DUE TO
RESOURCE
AND CAPITAL CONSIDERATIONS
    * SAYS FMC LITHIUM USA CORP. ("LIVENT") HAS DECIDED TO OPT
OUT OF
THE JOINT DEVELOPMENT AGREEMENT IN PLACE BETWEEN THE TWO
ORGANIZATIONS
    * E3 METALS WILL CONTINUE TO DEPLOY THE DIRECT LITHIUM
EXTRACTION
(DLE) TECHNOLOGY AS PLANNED
    * E3 METALS-AS SPECIFIED IN JOINT DEVELOPMENT AGREEMENT WITH
LIVENT, ALL LICENSES AND RIGHTS TO TECHNOLOGY WILL BE RETAINED
AND RETURNED ENTIRELY TO E3
    * E3 METALS WILL NO LONGER BE OBLIGATED TO ISSUE LIVENT
19.9% OF
ITS SHARE CAPITAL

Source text for Eikon:  ID:nCNW5whvsa 
Further company coverage:  ETMC.V 

 ((Reuters.Briefs@thomsonreuters.com;))