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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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Post by 1StockInformeron Aug 30, 2024 8:15pm
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Post# 36203630

EMPS August 2024 News Summary Post

EMPS August 2024 News Summary Post

EMP Metals Corp. (Ticker: EMPS.c or EMPPF for US investors) is a Canadian-based lithium exploration and development company specializing in large-scale resources through the use of direct lithium extraction (DLE) technology. The company holds 196,000 net acres (approximately 79,300 hectares) of Subsurface Dispositions and strategic wellbores in Southern Saskatchewan, making it a significant player in the rapidly growing lithium industry. EMP Metals focuses on extracting lithium from brines, aiming to position itself as a leader in the supply of this critical mineral for battery technologies.

August 2024 has been a pivotal month for EMP Metals, marked by significant progress on multiple fronts. The company made strategic acquisitions, advanced its drilling programs, and achieved industry-leading results in its pilot projects. These accomplishments, highlighted in the following summaries, underscore the company's strategic initiatives and the momentum it has built throughout the month.

Acquisition of ROK Resources’ Interest in Saskatchewan Lithium Assets

EMP Metals made a significant move in consolidating its position in Saskatchewan's lithium sector by acquiring ROK Resources Inc.'s interest in Hub City Lithium Corp. This acquisition allows EMP Metals to own 100% of the issued and outstanding shares of Hub City Lithium, further strengthening its hold over the Saskatchewan lithium properties. The deal also includes an ongoing management agreement with ROK Resources to continue managing the exploration and development activities in the region. This consolidation is expected to enhance shareholder value and advance the company’s flagship Viewfield project, known for its high lithium concentrations and clean brines.

Commencement of Summer Drilling Program in Southeast Saskatchewan

On August 13, EMP Metals kicked off its two-well summer drilling and testing program at the Viewfield project in Southeast Saskatchewan. The program aims to build on the previous discoveries, which included some of the highest recorded lithium concentrations in Canadian brines. This program is a critical step in enhancing the company's resource base and advancing its Front-End Engineering Design (FEED) study.

r/smallstreetbets - EMP Metals Corp.(EMPS.c) August 2024 News Summary: EMPS Strengthens its Position in the Lithium Industry with Strategic Acquisitions, Advanced Drilling Programs, and Record-Breaking Pilot Results in August 2024

Successful Pilot Program with Koch Technology Solutions and Saltworks Technologies

EMP Metals successfully completed its Direct Lithium Extraction (DLE) Field Pilot Facility in partnership with Koch Technology Solutions and Saltworks Technologies. The pilot, located in Saskatchewan, demonstrated exceptional lithium recovery rates of over 97% and impurity rejection rates exceeding 99%. These results set a new industry benchmark, reflecting the high quality and cleanliness of the Saskatchewan brines. The DLE eluate produced during the pilot will now be refined into battery-grade lithium carbonate, marking a significant milestone towards commercial project deployment.

Completion of 8-24 Vertical Well and Commencement of 4-23 Horizontal Well

EMP Metals completed the drilling of the 8-24 vertical well at its Viewfield project as a part of its Summer Drilling Program. The well was designed to confirm lithium concentrations and reservoir characteristics in the northern part of the area. The company also commenced drilling a horizontal well, which is believed to be the first of its kind targeting the Duperow formation for lithium brine extraction. This horizontal well is expected to enhance lithium recovery and significantly increase flow rates compared to traditional vertical wells.

As August comes to a close, EMP Metals stands well-positioned to continue its upward trajectory in the lithium industry. With a strengthened asset base, advanced drilling operations, and successful pilot programs that highlight the company’s innovative approach, EMP Metals is poised to capitalize on the growing demand for lithium. The company’s strategic initiatives and technological advancements this month not only enhance its resource potential but also pave the way for future growth and development as a leader in sustainable lithium extraction.

Full press releases here: https://empmetals.com/news/

Posted on behalf of EMP Metals Corp.

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