EMP Metals Corp. (Ticker: EMPS.c, EMPPF for U.S. investors) is a lithium exploration and development company, concentrating on large-scale lithium resources through direct lithium extraction (DLE) in Saskatchewan, a highly-favorable mining region.
The company holds 196,000 net acres (approximately 79,300 hectares) of subsurface dispositions and wellbores in this key region. Their operations center around the Duperow formation within the Viewfield area, positioning EMP Metals as a significant player in the emerging lithium market in Western Canada.
Last week, EMP Metals reported encouraging lithium assay results. One well, 10km from their initial discovery well, yielded 157 mg/L & 139 mg/L and a new lithium-bearing zone returned 72 mg/L.
These results demonstrate the continuity of lithium-rich zones across the company's land base, supporting the potential for a scalable resource in the region. They also extend the known lithium-bearing zones beyond the initial wells, providing confidence in the contiguous nature of the resource.
EMP Metals plans to incorporate these results into a revised resource estimate, along with a front-end engineering design (FEED) study, which is expected to guide further development efforts.
EMP Metals also recently closed a private placement financing of $1.28 million to support the development of its projects.
With these recent advancements, EMP Metals Corp. continues to make strides toward becoming a key lithium producer in Canada, leveraging its expansive land holdings and strategic partnerships.
The positive assay results, combined with the support of established investors, position the company well for future growth as it aims to capitalize on the rising demand for lithium in the global energy transition.
Full press releases: https://empmetals.com/news/
Posted on behalf of EMP Metals Corp.