Direct Lithium Extraction, Saskatchewan & Oil and Gas Why Direct Lithium Extraction is Taking Saskatchewan + Oil & Gas Operators By Storm & How EMP Metals (EMPS.c EMPPF) Is Positioned to Capitalize
With a clear plan to production, EMP Metals (EMPS.c EMPPF) is focused on developing lithium in Saskatchewan having recently reported high-grade lithium concentrations across multiple zones: https://www.youtube.com/watch?v=7EesysqMFYw
Emphasizing the importance of being prepared to build and operate the project if it proves viable, EMPS' CEO highlighted the company's strong partnerships with experienced oil and gas developers in Saskatchewan, who have expertise in moving projects from discovery through to production.
While direct lithium extraction (DLE) is a newer extraction technology, it shares similarities with oil and gas extraction, making the skills and infrastructure in the region highly applicable. This is in contrast with hard rock mining lithium development, which is more costly and time-consuming, often taking a decade to reach production.
In Saskatchewan, however, the supportive government, existing infrastructure, and a skilled labor force create an ideal environment for development. EMPS is pursuing a staged approach, starting with smaller, manageable steps to ensure the technology works and can scale profitably, rather than tackling the entire project at once.
Further, EMPS anticipates better lithium prices around 2026-2027, which aligns with their timeline for reaching early-stage production. Ultimately, the plan is to leverage local talent and infrastructure to build a profitable lithium production facility themselves.
For more information on the latest news, refer to this deep dive: https://www.reddit.com/r/PennyStocksCanada/comments/1fut78q/why_direct_lithium_extraction_dle_could_be_the/
Posted on Behalf of EMP Metals Corp.