E3 Lithium Welcomes Former Alberta Energy Minister, Hon. Sonya Savage, to its Board of Directors
05 Marzo 2024 - 2:05AM
Business Wire
Highlights:
- The Hon. Sonya Savage, previous Minister of Energy, Minister of
Justice and Solicitor General and Minister of Environment and
Protected Areas for the Province of Alberta, joins E3 Lithium’s
Board of Directors
- During her tenure as Minister of Energy, Ms. Savage championed
the development and implementation of policies, legislation and
regulations to enable critical mineral development in Alberta
- A lawyer by background, Ms. Savage is nationally and
internationally recognized for her ability to navigate and balance
energy security and climate interests
E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3
Lithium” or the “Company,” a leader in Canadian lithium, is pleased
to announce that the Hon. Sonya Savage, former cabinet minister and
Minister of Energy for the Province of Alberta, has joined the
Company’s Board of Directors effective immediately.
Ms. Savage served as a Senior Minister for four years in the
Alberta Government as Minister of Energy, Minister of Justice and
Solicitor General and Minister of Environment and Protected Areas.
Ms. Savage brings with her a wealth of expertise in developing and
implementing climate and energy policies, legislation and
regulations.
During her time as Minister of Energy, Ms. Savage oversaw the
development of Alberta’s energy and mineral resources, and
implemented policies, legislation and regulations to enable
critical mineral development, including brine-hosted minerals, in
the province. Ms. Savage led the development of Bill 82, the
Mineral Resource Development Act, which received royal assent in
2021, giving regulatory oversight of Alberta’s mineral resources to
the Alberta Energy Regulator (AER), and positioning Alberta as a
preferred producer and supplier of metallic and mineral resources.
Ms. Savage also helped develop the governance structure and mandate
for the Alberta Indigenous Opportunities Corporation in her role as
Minister of Energy.
Ms. Savage worked in private practice as a litigator for 13
years and studied law at the University of Calgary. She received
her Master of Laws (LLM) in 2015 with a published thesis on the
changing role of the National Energy Board. Ms. Savage was also
appointed Queen’s Counsel (King’s Counsel) in 2022.
“Sonya is one of the true experts in policy across Alberta’s
energy industry,” said Chris Doornbos, President and CEO of E3
Lithium. “Her leadership in the development of the regulations
underpinning the critical minerals industry in Alberta has been
instrumental to the industry and E3 Lithium’s growth. Her
forward-thinking approaches will be invaluable as E3 Lithium
advances into the next stages of its development. I couldn’t be
more excited to welcome her to the Company’s Board of
Directors.”
“Sonya is a very welcome addition to E3 Lithium’s Board of
Directors, and I extend to her a warm welcome on behalf of the
entire Board,” said John Pantazopoulos, Chairperson of the Board of
Directors. “E3 Lithium will benefit immensely from Sonya’s unique
background, specialized knowledge of the energy sector and her
proven track record of promoting economic diversification in
Alberta.”
The Company has granted Ms. Savage 300,000 incentive stock
options (the “Options”) exercisable to acquire up to 300,000 common
shares of the Company at an exercise price of $1.70 per share under
its omnibus equity incentive plan. One third of the options will
vest at each of the 12, 24 and 36 month anniversaries and expire in
3, 4 and 5 years, respectively. The grant of the Options is subject
to approval by the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS Chris Doornbos, President
& CEO E3 Lithium Ltd.
About E3 Lithium
E3 Lithium is a development company with a total of 16.0 million
tonnes of lithium carbonate equivalent (LCE) Measured and Indicated
and 0.9 million tonnes LCE Inferred mineral resources1 in Alberta.
As outlined in E3’s Preliminary Economic Assessment, the Clearwater
Lithium Project has an NPV8% of USD 1.1 Billion with a 32% IRR
pre-tax and USD 820 Million with a 27% IRR after-tax1. E3 Lithium’s
goal is to produce high purity, battery grade lithium products to
power the growing electrical revolution. With a significant lithium
resource and innovative technology solutions, E3 Lithium has the
potential to deliver lithium to market from one of the best
jurisdictions in the world.
1: The Preliminary Economic Assessment (PEA) for the Clearwater
Lithium Project NI 43-101 technical report is amended Sept 17,
2021. Gordon MacMillan, P.Geol, QP, Fluid Domains Inc. and Grahame
Binks, MAusIMM, QP (Metallurgy), formerly of Sedgman Canada Limited
(Report Date: June 15, 2018, Effective Date: June 4, 2018 Amended
Date: September 17, 2021). The mineral resource NI 43-101 Technical
Report for the North Rocky Property, effective October 27, 2017,
identified 0.9Mt LCE (inferred). The mineral resource NI 43-101
Technical Report for the Bashaw District Project, effective March
21, 2023, identified 16.0Mt LCE (measured & indicated). All
reports are available on the E3 Lithium’s website
(e3lithium.ca/technical-reports) and SEDAR+ (www.sedarplus.ca).
Forward-Looking and Cautionary Statements
This news release includes certain forward-looking statements 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, the effectiveness and feasibility of emerging
lithium extraction technologies which have not yet been tested or
proven on a commercial scale or on the Company’s brine, competitive
risks and the availability of financing, as described in more
detail in our recent securities filings available at
www.sedarplus.ca. 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.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240305066683/en/
E3 Lithium - Investor and Media
Relations Robin Boschman Director, Investor Relations
and Corporate Communications investor@e3lithium.ca 587-324-2775
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