EMPS Advances Cutting-Edge Li Extraction @ Viewfield Project EMP Metals Corp. (EMPS.c, EMPPF for U.S. investors), a Canadian company specializing in lithium exploration and development, is making significant progress in its efforts to extract lithium from brine at its Viewfield Lithium Brine Project in Saskatchewan.
Saskatchewan stands out as a leading mining investment destination, ranked 3rd globally and 1st in Canada. Its geology makes it a prime location, especially compared to the buzz surrounding Alberta, with minimal organic contamination and little to no H2S in the brine.
By utilizing Direct Lithium Extraction (DLE) technology, EMP Metals is positioning itself as a key player in the emerging lithium-from-brine industry at a time when a secure domestic supply chain is crucial.
EMP Metals' valuation currently stands at $44M, presenting a stark contrast when compared to industry peers like Standard Lithium (SLI.v), which holds a valuation of $303M. This, as well as EMPS' recent share price movement, highlights its potential upside, especially as its projects mature and gain traction.
The following images offer a visual comparison between EMP Metals and its competitors, showcasing how the company stands out in terms of the estimated value and future return of its project.
Looking at the company's latest developments, EMPS recently announced the successful completion of its DLE pilot facility. This field pilot achieved over 97% lithium recovery and more than 99% impurity rejection, marking a significant step toward commercial deployment.
In addition to advancements in lithium extraction technology, EMPS has recently completed its first vertical test well in the northern region of the Viewfield Project, designed to assess lithium concentrations and gather reservoir data.
The company extracted 72 meters of core samples, which are currently being analyzed to evaluate permeability and porosity, critical factors for determining the feasibility of lithium recovery.
Taking an innovative approach, EMPS is also set to drill its first horizontal well, targeting the Duperow formation. This well, with two one-mile horizontal legs, marks a major development in lithium brine extraction, potentially enhancing flow rates and better controlling lithium concentration compared to traditional vertical wells.
Overall, EMPS' recent high activity demonstrates its commitment to leveraging advanced technology to maintain its edge in the rapidly evolving lithium sector. More on these initiatives here: https://empmetals.com/news
Posted on behalf of EMP Metals Corp.