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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.


CSE:EMPS - Post by User

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  • 1StockInformerX
Post by 1StockInformeron Aug 16, 2024 7:35pm
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Post# 36183700

EMPS.c up 50% Over the Month Amid Strategic Moves

EMPS.c up 50% Over the Month Amid Strategic Moves

Today, EMP Metals Corp. (Ticker: EMPS.c or EMPPF for US investors) is up on above-average volume, marking a 50% uptick in share price value over the past month—a reflection of significant corporate developments and strategic moves positioning the company for potential long-term growth.

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In early August, the lithium junior announced a pivotal transaction that solidifies its control over its Saskatchewan lithium properties. EMPS entered into a Share Exchange Agreement with ROK Resources Inc., under which ROK exchanged its shares in Hub City Lithium for 17,085,000 common shares of EMP Metals. 


This transaction granted EMP Metals full ownership of Hub City Lithium, enabling the company to consolidate 100% of the Saskatchewan lithium assets under its umbrella. The deal is seen as a critical step in advancing EMP’s flagship Viewfield project, which boasts the highest recorded lithium grades in Canada and some of the cleanest brines in North America.


Further bolstering its operational activities, EMPS has initiated a two-well drilling program in the Viewfield area, aimed at delineating its original lithium discovery.  The drilling program, which includes both vertical and horizontal wells, is expected to provide critical data that will contribute to resource upgrades and inform ongoing engineering studies. 


This program represents a significant step in EMP’s exploration efforts and highlights the company’s commitment to advancing its lithium project in Southeast Saskatchewan.


On the investor relations front, EMP Metals has engaged Outside The Box Capital Inc. to enhance its communication strategy and increase visibility within the investor community.


With these strategic moves, EMPS is positioning itself as a formidable player in the lithium exploration and development sector, particularly within the burgeoning market for lithium-from-brine projects.


More https://empmetals.com/news/


Posted on behalf of EMP Metals Corp.

 
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