Impact of Rio Tinto's Aquisition of Arcadium Lithium What Rio Tinto's Acquisition of Arcadium Means for the Lithium Industry + Why EMP Metals (EMPS.c EMPPF) Stands to Benefit with its Latest Discovery of High-Grade Lithium Concentrations in Saskatchewan The acquisition of Arcadium Lithium by Rio Tinto is a highly positive development for the lithium industry, highlights the growing demand for the metal, a crucial material for the global energy transition.
For smaller lithium companies, this acquisition signals strong investor confidence and increasing value in lithium, as reflected by the premium paid for Arcadium’s shares.
Further, this suggests that major players in the mining industry are aggressively expanding their lithium portfolios to meet the rising demand for energy transition materials, underscoring the long-term growth potential in the sector.
(Source:
https://www.businesswire.com/news/home/20241008650501/en/Rio-Tinto-to-acquire-Arcadium-Lithium)
High-Grade Lithium Concentrations Reported Across Multiple Zones Discovered in Saskatchewan
With a clear plan to production, EMP Metals (EMPS.c EMPPF) has emerged as a high-potential opportunity having recently made multiple discoveries and reported high-grade lithium concentrations across the Duperow formation in Saskatchewan
Adding to its potential, EMPS has a range of strong partnerships with experienced oil and gas developers in Saskatchewan, who have expertise in moving projects from discovery through to production, including Koch Technology Solutions.
Last week, EMPS reported high-grade lithium concentrations across multiple zones discovered in step-out drilling located 10 kilometers north of their initial discovery well in Saskatchewan, significantly derisking the project.
With highlights including significant lithium concentrations of 157 mg/L and 139 mg/L in the, consistent with earlier discoveries, and the identification of new lithium-bearing zones, which tested at 72 mg/L, these results indicate significant potential resource expansion.
Further, the 10-kilometer step-out confirms the continuity of the lithium resource across EMP Metals' land base, reducing risk for the project.
With lithium concentrations exceeding 2,000 mg/L, EMPS is planning to update its resource estimate and progressing with horizontal well testing for lithium brine extraction and is strongly positioned to become a key player in the growing lithium industry, as it aims to deliver battery-grade lithium carbonate to meet the increasing demand from the electric vehicle and battery storage markets.
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.