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E3 Metals to acquire 3 lithium-prospective permits in Alberta

E3 Metals Corp. entered into a binding term-sheet to acquire three additional metallic and industrial minerals permits in Alberta from Fathom Minerals Ltd. located adjacent to its existing permits.

The company will pay C$35,000 and issue 350,000 common shares on closing, it said Aug. 15.

The three permits are in the Exshaw lithium project area and will increase E3's Leduc Reservoir land holdings to over 500,000 hectares.

E3 Metals is conducting the initial sampling for lithium concentrations from the Leduc Reservoir in this area.