EMP Metals Corp C.EMPS

Alternate Symbol(s): EMPPF

EMP Metals Corp. is a Canada-based lithium exploration and development company focused on large scale resources using direct lithium extraction (DLE). The Company, through its partnership with ROK Resources Inc., holds 196,000 net (79,300 hectares) acres of subsurface dispositions and strategic wellbores in Southern Saskatchewan. Its Mansur Permit Area, Tyvan Permit Area and View field Permit Area cover an area extending 40 miles north and 40 miles east of the City of Weyburn. The Company is focused on the exploration and development of its highly prospective lithium brine properties (the Li-Brine Properties). In the Mansur property region, the Duperow formation has tested up to 190mg/l in the offsetting 141/14-12-7-11W2 well. The Company also has 101/14-36-008-13 W2M and 141/08-03-009-13 W2M (Second Test Well) wellbores, which are in the Mansur Permit Area of southeast Saskatchewan.

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EMP Metals Corp

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Post by 1StockInformeron Sep 20, 2024 8:33pm

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Post# 36234260

What the DOE's $225M Investment in DLE Signals for EMPS.c

The U.S. Department of Energy (DOE) has selected Standard Lithium (SLI) for negotiations on a potential funding award of up to $225 million, marking a significant milestone for Direct Lithium Extraction (DLE) technology.

Source: https://www.mining.com/standard-lithium-selected-for-225m-award-negotiation-from-doe/

This funding, part of a broader $3 billion initiative to support battery manufacturing, could signal increased opportunities for non-dilutive funding for other DLE companies. The focus on domestic lithium production highlights the growing momentum in the North American DLE sector, and companies like EMP Metals Corp. (Ticker: EMPS.c, EMPPF for U.S. investors) stand to benefit from this trend.

EMP Metals, much like Standard Lithium, is actively advancing in the North American lithium sector, focusing on its flagship Viewfield Lithium Brine Project in Saskatchewan.

Although EMP Metals currently holds a valuation of $44 million, below Standard Lithium's $310 million, the company's technical progress and estimated economics of its project indicate significant upside potential.

r/smallstreetbets - $225M of funding has been allocated by the DOE to SLI.v for DLE technology = highlighting the potential for future non dilutive funding in DLE companies like EMP Metals (EMPS.c) as domestic lithium production becomes increasingly important to the government

As comparable companies like SLI receive substantial government backing, EMP Metals could likewise access future non-dilutive funding opportunities to accelerate its growth and further develop its lithium extraction technology.

EMP Metals has made notable advancements with its cutting-edge DLE technology, achieving a 97% lithium recovery rate and 99% impurity rejection at its pilot facility. The Viewfield Project, located in one of the top mining jurisdictions globally, benefits from favorable geological conditions, including low organic contamination in the brine.

This strengthens the project's production potential and aligns EMP Metals with the broader push for sustainable lithium extraction solutions.

With these advancements, EMP Metals is strategically positioned for growth as it refines its extraction processes and expands its portfolio. The company's ongoing developments, paired with increasing support for DLE projects across North America, underscore its potential for a revaluation as the market for lithium-from-brine continues to grow.

More: https://empmetals.com

Posted on behalf of EMP Metals Corp

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