TSX-V: CSL, OTC: CMMMF CORPORATE PRESENTATION - August 20, 2020 - Comstock Metals
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TSX-V: CSL, OTC: CMMMF
CORPORATE PRESENTATION
August 20, 2020
STARTUP X 1
DISCLAIMER
This presentation includes certain “forward-looking statements” within the meaning of Canadian securities legislation. All
statements other than statements of historical fact included in this presentation, including, without limitation, statements regarding
potential mineralization and reserves, exploration results, and future plans and objectives of Comstock Metals Ltd., are forward-
looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from Comstock Metals© expectations include, among others, risks related to
operations, the actual results of current exploration activities, conclusions of economic evaluations, and changes in project
parameters as plans continue to be refined as well as future prices of gold and silver. Although Comstock Metals has attempted to
identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be
as anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate as actual results
and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements.
The information provided in this presentation is not intended to be a comprehensive review of all matters and developments
concerning the Company. It should be read in conjunction with all other disclosure documents of the Company and references
where noted. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission,
stock exchange or regulatory authority has reviewed the accuracy or adequacy of the information presented. The Company
undertakes no obligation to publicly update or revise any forward-looking statements other than as required under applicable law.
We advise U.S. investors that the SEC’s mining guidelines strictly prohibit information of this type in documents filed with the SEC.
U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our property.
TechnicalSTARTUP
materialXdisclosed in this presentation has been reviewed and approved Kristopher J. Raffle, P. Geo. (BC) Principal and 2
Consultant of APEX Geoscience Ltd. of Edmonton, AB., a Qualified Person as defined by NI43-101.
2
CORPORATE OVERVIEW
Vancouver-based Comstock Metals Ltd. (TSX-V: CSL, OTC: CMMMF) is a
mineral exploration company advancing a resource-stage gold project in
Saskatchewan that includes the Preview SW deposit (NI 43-101 Indicated
resources containing 158,300 ounces of gold (2.61 million tonnes grading
1.89 g/t Au) and Inferred resources containing 270,800 ounces of gold (5.70
million tonnes grading 1.48 g/t Au), both based on a 0.50 g/t Au cut-off
grade1). In May 2020, the company decided to no longer purse its Rawhide
option agreement in Greater Cobalt Mining Camp of Northern Ontario.
Comstock wishes to focus resources on the Preview gold project.
Comstock sold its Yukon QV project to White Gold Corp. (TSX-V: WGO, OTC:
WHGOF) in January 2019 for cash and WGO shares. The company is also
invested in a joint venture partnership with E3 Metals Corp. (TSX-V: ETMC,
OTC: EEMMF), a petro-lithium company advancing proprietary lithium
extraction technology. E3 Metals Corp. has recently partnered with Livent
Corp. (NYSE: LTHM) to scale-up to commercial production.
1 Preview SW Mineral Resources outlined in 2016 NI 43-101 Technical Report, Preview SW Gold Project, La Ronge, Saskatchewan; the
STARTUP X report can be found on Comstock’s website (www.comstock-metals.com) or on SEDAR (www.sedar.com)
3
3
MANAGEMENT, DIRECTORS, ADVISORS
Steven H. Goldman, B.A., J.D. | President, CEO & Director
• CEO (since 2018) and Director (since 2016)
• Founder and Counsel to Goldman Hine, a Toronto law firm
• Extensive public board and private company experience
• Director of Select Sands Corp. (TSX.V: SNS)
Arnold Tenney | Chairman
• Previous Chairman of Select Sands Corp. (~2 years)
• Previous Chairman of Tribute Pharmaceuticals Inc. (12 years)
• Previous CEO of Arc International Corp. (22 years)
Darren Urquhart, CPA, CA | CFO
• CFO (since 2015) with over 15 years of experience in public and private practice,
Dr. K Sethu Raman | Advisor
including junior exploration companies
• Proven gold explorer and successful
Robert D. Luffman, CPA, CMA | Director entrepreneur with ~50 years experience
• CFO of Gracetree Investments, LLC, and Gregory Pharma Holdings, Inc. Kristopher J. Raffle | APEX Geoscience Ltd.
• STARTUP
30 years X
of financial experience in a variety of businesses and charitable endeavors • Geological Project Management 4
4
Comstock Metals Shares
(TSX.V: CSL)
STOCK INFORMATION* SUBSTANTIAL SHAREHOLERS
*as of August 19, 2020 • Family Investment Fund (22.1 %)
Share Price: $0.125
Market Cap: $2,742,593 • Select Sands Corp. (20.6 %)
52 week high: 0.20, low: 0.075
• Board of Directors (6.8 %)
OUTSTANDING SHARES
• 21,940,746
WARRANTS (WAP: $0.075)
• 3,391,239
OPTIONS (WAP: $0.67)
• 1,127,000
STARTUP X 5
5
Comstock Metals Shares
(FY2020: Q3)
HIGHLIGHTS*
*as of June 30, 2020
CASH POSITION
• Working Capital: $198,476
• Cash on Hand: $189,091
INVESTMENTS (Total: $1,937,030)
• White Gold Corp. (TSX.V: WGO)
- Common shares: 1,387,210 (Fair Value: $1,512,059)
- Warrants: 350,625 (Fair Value: $159,971)
• E3 Metals Corp. (TSX.V: ETMC)
- Common shares: 1,000,000 (Fair Value: $265,000)
STARTUP X 6
6
Comstock Non-Brokered Private Placement1
• The Units (“Units”) issued in the non-brokered private placement were priced at $0.075 per Unit. Each Unit
consisted of one common share and one common share purchase warrant. Each warrant will be exercisable for
a period of 36 months from closing at an exercise price of $0.075.
• Comstock closed the non-brokered private placement of $254,342.93 (3,391,239 units) on May 29, 2020.
• Steven H. Goldman and his wife subscribed for a total of 800,000 Units pursuant to the offering.
• Arnold Tenney subscribed for a total of 133,333 Units pursuant to the offering.
1 Comstock Metals Ltd. News Release, May 29, 2020 (www.comstock-metals.com)
STARTUP X 7
7
ASSETS
PREVIEW SW GOLD PROJECT
The Preview SW Gold Project is located 40 km north of La Ronge,
1
Saskatchewan and 80 km southwest of SSR Mining’s Seabee gold mine
Flagship project with NI 43-101 Indicated resources containing 158,300
ounces of gold (2.61 million tonnes grading 1.89 g/t Au) and Inferred
resources containing 270,800 ounces of gold (5.70 million tonnes grading
1.48 g/t Au), both based on a 0.50 g/t Au cut-off grade1
WHITE GOLD CORP. (TSX.V: WGO) INVESTMENT
2
Sold QV Project in Yukon’s White Gold District to WGO for $375,000 CAD,
1,500,000 WGO common shares, and 375,000 warrants ($1.50 CAD exercise
price)2; WGO share price: $1.18 (August 19, 2020)
Emerging gold district with gold discoveries of ~7 million oz since 2007 3
Kinross Gold and Agnico Eagle each hold 17.1% of outstanding shares3
Recent high-grade discovery made at Titan target4
E3 METALS CORP. (TSX.V: ETMC) INVESTMENT
3 Advancing 3 petro-lithium projects in Leduc Reservoir, Alberta
Comstock holds 1,000,000 common shares (~3.28%)5; ETMC share
price: $0.26 (August 19, 2020)
1 Preview
6th largest resource (global)6 with combined Inferred resources of
SW Mineral Resources outlined in 2016 NI 43-101 Technical Report, Preview SW Gold Project, La Ronge, Saskatchewan;
the report can be found on Comstock’s website (www.comstock-metals.com) or on SEDAR (www.sedar.com) 6.7M tonnes lithium carbonate equivalent (LCE)7
2 Comstock Metals Ltd. News Release, March 1, 2019 (www.comstock-metals.com)
3 White Gold Corp. Corporate Overview, Q1 2020 (www.whitegoldcorp.ca) Advancing proprietary Li extraction and concentration technology
4 White Gold Corp. News Release, November 26, 2019 (www.whitegoldcorp.ca)
5 Comstock Metals Ltd. News Release, August 21, 2018 (www.comstock-metals.com) with Livent Corp. for commercialization scale-up6
STARTUP X
6 E3 Metals Corp. Corporate Presentation, Unlocking a New Source of Lithium in Alberta, October, 2019 (www.e3metalscorp.com)
7 Combined Inferred Mineral Resources outlined in NI 43-101 reports for Clearwater, Rocky and Exshaw Projects; the reports can
8
be found on E3 Metals’ website (www.e3metalscorp.com) or SEDAR (www.sedar.com)
8
PREVIEW SW GOLD
PROJECT
• Preview SW deposit hosts NI 43-101 Indicated
resources containing 158,300 ounces of gold (2.61
million tonnes grading 1.89 g/t Au) and Inferred
resources containing 270,800 ounces of gold (5.70
million tonnes grading 1.48 g/t Au), both based on a
0.50 g/t Au cut-off grade1
• Saskatchewan is 3rd out of 83 global mining
jurisdictions in the Fraser Institute Investment
Attractiveness Index and 7th in the Best Practices
Mineral Potential Index2
• Preview SW Gold Project is located 40 km north of La
Ronge and 80 km southwest of SSR Mining Inc.’s Seabee
Gold Operation (>1.3 M oz produced since 1991)3
• Seabee was acquired in May 2016 via a takeover of
Claude Resources Inc., a deal valued at ~$337 million
CDN3
1 Preview SW Mineral Resources outlined in 2016 NI 43-101 Technical Report, Preview SW Gold
Project, La Ronge, Saskatchewan; the report can be found on Comstock’s website
(www.comstock-metals.com) or on SEDAR (www.sedar.com)
2 Fraser Institute Annual Survey of Mining Companies, 2018 (www.fraserinstitute.org)
3 Production statistics 2017-2019 from SSR Mining Inc. Corporate Presentation, A Track Record of
Creating Value, December 2019; historical production 1991-2016 from 2017 NI 43-101 Technical
Report for the Seabee Gold Operation, Saskatchewan, Canada; the report can be found on SSR’s
STARTUP X
website (www.ssrmining.com) or on SEDAR (www.sedar.com) 9
4 Terms of acquisition outlined in Silver Standard Resources Inc. News Release, May 18, 2016
(www.ssrmining.com) 9
History of the Preview Gold Claims
1934-1938 1975-2004 2016
Gold mineralization discovered at Preview North Saskatchewan Mining Development Corp. Comstock Metals Ltd.
and other outcrops. In 1937, area staked by G. (precursor to Cameco) acquires Preview claims acquires Preview claims
Gilles. Preview Mines Ltd. acquires claims in 1938. from V. Studer. Extensive exploration conducted. from Select Sands.
1938-1975 2011-2016
Numerous companies and individuals explore La Ronge Gold Corp. (now Select Sands,
the Preview land package. One brick of gold TSX.V:SNS) acquires Preview claims. Conducts
produced in 1941 from Preview North. substantial exploration in 2012-13 and releases
an updated NI 43-101 resource estimate in
October 2013.
10PREVIEW SW GOLD Contact Lake
Past Producer
PROJECT
• 100% owned 853 ha property
• Structurally-controlled
mesothermal gold mineralization
hosted by metamorphosed volcanic
and diorite-felsic intrusive rocks
• 7 known gold zones along +3.5km
structural trend; most with
insufficient drill testing
STARTUP X 11
11PREVIEW SW GOLD
PROJECT
• Drilling completed since 2012
significantly increased strike length
and depth of the Preview SW deposit
• Drilling in 2017 and 2018 defined gold
mineralization extending 350 m along
strike and up to 140 m below surface
at the Preview North zone
• Drilling has focused on only 2 of the 7
gold bearing zones: the Preview SW
deposit and Preview North (Adit) zone
• Significant portion of gold in the
Preview SW deposit occurs as free
gold, and can be recovered by gravity
processes1,2
1La Ronge Gold Corp. News Release, June 3, 2013 (www.selectsands.com)
2Metallurgical testing outlined in 2016 NI 43-101 Technical Report, Preview SW
Gold Project, La Ronge, Saskatchewan; the report can be found on Comstock’s Airborne geophysics conducted by La Ronge Gold Corp. during previous exploration.
STARTUP X
website (www.comstock-metals.com) or on SEDAR (www.sedar.com) 12
12PREVIEW SW GOLD
DEPOSIT
• The main Preview SW deposit is
comprised of several sub-parallel,
northeast-trending, gold-bearing quartz-
sulphide mineralized structural zones
collectively ~550 m in strike length, ~250
m in width and ~275 m down dip
1 Comstock Metals Ltd. News Release, June 7, 2017 (www.comstock-
•
metals.com)
104.8 m of 1.01 g/t gold drilled in 20171 2 Metallurgical testing outlined in 2016 NI 43-101 Technical Report, Preview
SW Gold Project, La Ronge, Saskatchewan; the report can be found on
Comstock’s website (www.comstock-metals.com) or on SEDAR
• Preliminary metallurgical test work
(www.sedar.com)
indicates total gold recovery in
concentrates ranged from 90% to 93%2
STARTUP X 13
13Category COG g/t Au Tonnes Au g/t Contained oz Au
Indicated 0.3 2,967,900 1.71 162,900
Inferred 0.3 7,343,800 1.24 291,800
PREVIEW SW DEPOSIT Indicated 0.4 2,784,500 1.80 160,800
Inferred 0.4 6,473,400 1.36 282,000
2016 RESOURCE ESTIMATE Indicated
Inferred
0.5
0.5
2,607,900
5,697,100
1.89
1.48
158,300
270,800
Indicated 0.6 2,424,700 1.99 155,000
Inferred 0.6 4,999,600 1.61 258,500
•
Indicated 0.7 2,239,900 2.10 151,200
162 core holes, totaling 26,250 m, Inferred 0.7 4,396,800 1.74 246,000
drilled between 1985 and 2013
Notes to Accompany Mineral Resource Table:
• 24 additional holes, totaling 4,700 m Mineral Resources have an effective Date September 27, 2016; Ronald G. Simpson, P.Geo. is the
drilled by Comstock in 2017 and 2018 Qualified Person responsible for the Mineral Resource estimates.
Mineral resources that are not Mineral Reserves do not have demonstrated economic viability.
• includes 7 drill holes on the north Mineral resources are amenable to open pit mining methods and have been constrained using a
and south flanks of the Preview SW Lerchs-Grossmann optimized pit.
Assumptions include US$1,300/oz Au, 90% Au recovery, $2.50/tonne mining cost, $15.50/tonne
deposit
process and G&A cost.
• 136 holes drilled at the Preview SW No allowances have been made for mining losses and dilution. Pit slope angle of 45°.
The base case gold cut-off (bolded) is greater than the conceptual marginal pit cut-off of 0.48 g/t.
deposit used for the 2016 NI 43-101
Gold analyses are performed by fire assay/AA finish methods.
Mineral Resource Estimate1 Totals may not sum due to rounding as required by reporting guidelines.
STARTUP X 14
1 Preview SW Mineral Resources outlined in 2016 NI 43-101 Technical Report, Preview SW Gold Project, La Ronge, Saskatchewan; the report can be found on
Comstock’s website (www.comstock-metals.com) or on SEDAR (www.sedar.com) 14PREVIEW SW DEPOSIT
DRILLING HIGHLIGHTS
• PR17-169: 1.01 g/t Au over 104.8 m1
- includes 6. 62 g/t over 3.5 m
- and 3.0 g/t over 4.06 m
• PR13-151: 633.61 g/t Au over 4.08 m2
- includes 1,123.25 g/t over 2.30 m
• PR12-137: 7.49 g/t Au over 12.80 m3
• PR12-123: 6.41 g/t Au over 33.00 m4
- includes 15.05 g/t over 13.25 m Visible Gold
- and 271 g/t over 0.70 m Core from
• PR12-123: 8.26 g/t Au over 19.95 m4 PR12-122: 49 m
- includes 11.74 g/t over 13.35 m
1 Comstock Metals Ltd. News Release, June 7, 2017 (www.comstock-metals.com)
2 La Ronge Gold Corp. News Release, March 4, 2013 (www.selectsands.com)
3 La Ronge Gold Corp. News Release, August 15, 2012 (www.selectsands.com)
4 La Ronge Gold Corp. News Release, April 2, 2012 (www.selectsands.com) 152,039.5 m in 12 DDH
PREVIEW SW
2017 DRILLING
AND SURFACE
SAMPLING
1,849.0 m in 7 DDH
STARTUP X 16
16PREVIEW SW 2017 DRILLING
PR17-1691
1 Comstock Metals Ltd. News Release, June 7, 2017 (www.comstock-metals.com)
STARTUP X 17
17PREVIEW SW 2017 DRILLING
PR17-1711
1 Comstock Metals Ltd. News Release, June 7, 2017 (www.comstock-metals.com)
STARTUP X 18
18Exploration at Preview North
1940-1941 2013 2018
Preview Mines Ltd. sets up 5 ton mill at Preview La Ronge Gold Corp. intersects three near- Small drill program to
North, and conducts small scale open pit mining. In surface gold zones in drill hole PR13-163. Two test extension of high
1941, one gold brick poured from 1000-2000 tons additional holes drilled to the NE do not grade gold zones
of high-grade ore. intersect significant gold. identified in 2017 at
Preview North.
1995 2017
Cameco drills three boreholes on the Preview Comstock Metals Ltd. conducts spring and
North zone, just outside of the property summer drilling campaigns at Preview North.
boundary. Five boreholes drilled at the Joe HELM geophysical survey completed to assist
showing. with drill targets. Drill program designed to follow
up high-grade drill results of PR10-163.
19PREVIEW NORTH ZONE
DRILLING HIGHLIGHTS
• PR13-1631: 17.98 g/t Au over 5.71 m (starting at 14.33 m depth)
- includes 50.62 g/t over 1.98 m
- and 5.96 g/t over 5.66 m (starting at 26.95 m depth)
- and 1.88 g/t over 21.26 m (starting at 41.91 m depth)
• PR17-1752 : 9.66 g/t Au over 4.20 m (starting at 20.5 m depth)
- and 87.16 g/t over 3.25 m (starting at 41.15 depth)
- includes 220.96 g/t Au over 1.25 m
• PR17-1762: 16.19 g/t over 5.0 m (starting at 51 m depth)
- includes 62 g/t Au over 1.28 m
• PR18-1853: 2.87 g/t Au over 21.50 m (starting at 23 m depth)
- includes 10.35 g/t over 3.25 m
• PR18-1873: 7.47 g/t Au over 8.00 m (starting at 31 m depth)
- includes 74.6 g/t Au over 0.75 m
STARTUP X 20
- and 3.60 g/t Au over 23.60 m (starting at 50.4 m depth) 1
2
La Ronge Gold Corp. News Release, April 8, 2013 (www.selectsands.com)
Comstock Metals Ltd. News Release, September 28, 2017 (www.comstock-metals.com)
3 Comstock Metals Ltd. News Release, January 31, 2019 (www.comstock-metals.com) 20PREVIEW NORTH ZONE: PR13-163
5.71 m @ 17.99 g/t
Including 1.98m
@ 50.62 g/t
5.66 m @ 5.96 g/t
STARTUP X 21
21PREVIEW NORTH ZONE 2017 DRILLING PR17-
175 AND PR17-1761
STARTUP X 22
1 Comstock Metals Ltd. News Release, September 28, 2017 (www.comstock-metals.com) 22PREVIEW NORTH ZONE 2017 DRILLING
PR17-1781
STARTUP X 23
1 Comstock Metals Ltd. News Release, September 28, 2017 (www.comstock-metals.com) 23PREVIEW
NORTH
2018 DRILLING
STARTUP X 24
24• Drilling campaign consisted of five
drill holes (total depth of 810 m)
• Program designed to test the
interpreted down-plunge and down-
dip continuity of gold mineralization
PREVIEW identified during 2017 drilling
NORTH • Visible gold (VG) was identified in
1 four of the five holes drilled
2018 DRILLING
• Modelled mineralized zones are
represented in plan and cross-
section by grey shaded areas;
orientation of cross-sections are
shown by a solid blue line in plan
view; gold grades are represented
by histograms
STARTUP X 25
1 Comstock Metals Ltd. News Release, January 31, 2019 (www.comstock-metals.com)
25• Results from 2017 and 2018 drilling
define three principal parallel
structures/vein zones along which the
main mineralized intercepts occur
• Gold mineralization extends 350 m
PREVIEW along strike and up to 140 m below
surface; higher grades occur within a
NORTH core zone over a strike length of
approximately 170 m (higher grades
2018 DRILLING
1
represented by red and pink
histograms)
• PR18-185 drilled oblique to the
interpreted strike direction of
mineralized zones to test continuity of
gold mineralization at shallow depth to
the northeast, under a historical
trench
STARTUP X 26
1 Comstock Metals Ltd. News Release, January 31, 2019 (www.comstock-metals.com)
26• PR18-187 drilled oblique to the
interpreted strike direction of
mineralized zones to test continuity of
gold mineralization at shallow depth
above previous drilling to the south
• The 2018 drilling program identified
PREVIEW significant additional high-grade gold
NORTH mineralization near surface, down-dip
and along strike of previous drill holes
2018 DRILLING
1
• The current structural interpretation
suggests the presence of steeply
plunging high-grade gold zones at
Preview North; however, further
drilling and interpretation is required
to resolve the continuity of individual
gold intercepts between holes
STARTUP X 27
1 Comstock Metals Ltd. News Release, January 31, 2019 (www.comstock-metals.com)
27PREVIEW NORTH – HUMUS SAMPLING1 AND GROUND MAGNETICS
• Detailed ground magnetics carried out over northern portion of property
during spring and summer 2017
• Humus soil sampling “orientation” survey completed during summer 2017
exploration program over Preview North and the “C zone”
• Preview North and C zones associated with highly anomalous gold in soil
values, consistent with known mineralization
• 3 new gold in soil targets identified, not associated with any previously
known mineralization:
• 150 m by 30m NE trending zone of anomalous samples up to 0.86
ppm Au along west margin of magnetic and topographic high
parallel to Preview North zone
• 250 m by 30 m E-W anomaly coincides with magnetic low oblique
to NE-SW dominant structural trend
• C zone soil anomaly extends 250 m northeast of area previously
known to host mineralization
• No drilling completed to date between Preview North and C zone, and
only STARTUP X
a single historical drill hole completed at C zone 28
1 Comstock Metals Ltd. News Release, November 9, 2017 (www.comstock-metals.com) 28INVESTMENT – WHITE GOLD CORP. (TSX.V: WGO)
• Comstock received $375,000 cash, 1,500,000 WGO shares, and 375,000
warrants ($1.50 exercise price) for sale of QV project1
• Comstock currently holds 1,387,210 WGO common shares and 350,625
warrants (expire Feb. 28, 2022)2, WGO share price: $1.18 (August 19, 2020)
• Yukon ranked 9th out of 83 global mining jurisdictions by the Fraser Institute in
the Investment Attractiveness Index and 10th in the Best Practices Mineral
Potential Index3
• White Gold’s claims make up 40% of the white gold district4
• Backed by Kinross Gold (TSX: K) and Agnico Eagle Mines Ltd. (TSX:AEM), each
holding 17.1 % of outstanding shares4
• $6 M by Flow-Through private placement in 2020, Eric Sprott participated5
• New Gold Discovery Drill Highlights:
• Vertigo (22.47 g/t Au over 30.46 m)4
• Ryan’s Surprise (20.64 g/t Au over 6.096 m)4
• Golden Saddle West (1.92 g/t Au over 24.00 m)4
• Betty (1.08 g/t Au over 50.29 m)4
1 Comstock Metals Ltd. News Release, March 1, 2019 (www.comstock-metals.com)
2 Comstock Metals Ltd. Financial Statements 2019 Q3, June 30, 2019 (www.comstock-metals.com)
3 Fraser Institute Annual Survey of Mining Companies, 2018 (www.fraserinstitute.org)
4 White Gold Corp. Corporate Overview, Q1 2020 (www.whitegoldcorp.ca)
5 White Gold Corp. News Release, May 15, 2020(www.whitegoldcorp.ca)
https://whitegoldcorp.ca/ 29INVESTMENT – E3 METALS CORP. (TSX.V: ETMC)
• Comstock holds 1,000,000 E3 Metals Corp.
common shares (~3.28% of outstanding shares)1
• 30,477,401 shares outstanding2, ETMC share
price: $0.26 (August 19, 2020)
• International Energy Agency (IEA) predicting 24%
annual growth in electric vehicles (EV) to 20302
• The IEA forecasts global EV fleet to triple from 3.7
million (2017) to 13 million (2020)2
• 6th largest lithium resource globally3, with
combined Inferred resources of 6.7M tonnes
lithium carbonate equivalent (LCE)4
From E3 Metals corporate presentation: www.e3metalscorp.com
• E3 Metals developed proprietary process
1 Comstock
technology to extract lithium from Alberta brines3
Metals Ltd. News Release, August 21, 2018 (www.comstock-metals.com)
2 Bloomberg Article, Electric Vehicles on the Road Are Set to Triple in Two Years, May 30, 2018
(www.bloomberg.com)
• E3 Metals has successfully concentrated lithium
3 E3 Metals Corp. Corporate Presentation, Unlocking a New Source of Lithium in Alberta, October, 2019 from brine, and crystallized into lithium hydroxide
(www.e3metalscorp.com) using its proprietary ion-exchange process5
4 Combined Inferred Mineral Resources outlined in NI 43-101 reports for Clearwater, Rocky and Exshaw
Projects; • Advancing proprietary Li extraction and
the reports can be found on E3 Metals’ website (www.e3metalscorp.com) or SEDAR (www.sedar.com)
5 E3 Metals Corp. News Release, May 29, 2019 (www.e3metalscorp.com) concentration technology with industry leader
Livent Corp. for commercialization production
scale-up3 30INVESTMENT – E3 METALS CORP. (TSX.V: ETMC)
• In November 2019, E3 Metals announced it had collected a
large volume of lithium-enriched brine from the Leduc
Reservoir in the Central Clearwater Resource Area (CCRA) of
its Alberta Lithium Project. The 20,000 Li brine sample is the
largest collected to date and is required to support the
continued testing and scale up of E3 Metals’ proprietary
direct lithium extraction (DLE) process over the next 12
months.1
• E3 Metals CEO, Chris Doornbos stated: “Leduc Formation
brine is a by-product to the oil and gas industry in Alberta
and E3 Metals sees tremendous value in this lithium-
enriched brine through the planned commercialization of its
proprietary DLE process. The brine will be utilized as part of
our ongoing technology scale-up program under the Joint
Development Agreement with Livent Corporation.”1
• Using brine collected from E3’s Leduc Reservoir in
November, 2019 (see March 11, 2020 News Release2), the
technical team has successfully achieved reaction times
from lab-based test work that demonstrated over 90%
recover in less than 10 minutes, as opposed to hours.
1 E3 Metals Corp. News Release, November 14, 2019 (www.e3metalscorp.com) From E3 Metals corporate presentation: www.e3metalscorp.com
1 E3 Metals Corp. News Release, March 11, 2020 (www.e3metalscorp.com) 31TSX-V: CSL | OTC: CMMMF
TSX-V: CSL
HEAD OFFICE
HEAD OFFICE CONTACT
CONTACT
310-850 West Hastings Street Steven H. Goldman
310-850 West
Vancouver, HastingsV6C
BC Canada Street
1E1 +1 604 639 4533Toronto, ON
Vancouver, BC Canada V6C 1E1 info@comstock-metals.com
(416) 867-9100 (office)
(416) 917-1533 (cell)
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