Highlighting the availability of non-dilutive funding for Direct Lithium Extraction (DLE) projects in North America, the Saskatchewan government recently provided approximately $23 million in funding to Arizona Lithium's project, previously known as Prairie Lithium. (Source:
https://www.mining-technology.com/news/arizona-lithium-gets-21m-incentive/)
Despite the ASX listed company being slightly ahead in development, Arizona Lithium has ~2 billion shares outstanding, thus making it does not offer an ideal investment opportunity.
As this news signals a significant opportunity for other DLE companies in Saskatchewan, EMP Metals (EMPS.c EMPPF) has emerged as an unique lithium investment opportunity as of late due to the significant advances it's made in the industry.
Most recently, EMPS announced the completion acquisition of Hub City Lithium from ROK Resources, giving it full ownership of the Saskatchewan Lithium assets.
As a result of this acquisition, EMPS owns 100% of the issued and outstanding shares of HCL and the Saskatchewan lithium properties which are a series of lithium-rich mineral exploration sites that hold strategic importance due to the growing demand for lithium, a key component in batteries for electric vehicles and renewable energy storage.
These lithium properties represent a significant part of EMP Metals' strategic efforts to capitalize on the rising global demand for lithium as part of the clean energy transition.
Furthermore, EMPS has been leading the way in lithium brine extraction in Saskatchewan following its pilot project with Koch Technology Solutions achieving impressive results with over 97% lithium recovery and 99% impurity rejection.
Setting a new industry benchmark standard,, EMPS is well-positioned to capitalize on these market dynamics, establishing itself as a key player in innovative North American lithium extraction technologies
For more information, refer to this deep dive:
https://x.com/StckMasterFlash/status/1836533550411038929 Full News Release:
https://empmetals.com/emp-metals-completes-acquisition-of-rok-resources-interest-in-saskatchewan-lithium-assets-and-appoints-kottmeier-as-ceo/ Posted on Behalf of EMP Metals Corp.