EMP METALS ACCELERATES WARRANT EXPIRY DATE

EMP METALS ACCELERATES WARRANT EXPIRY DATE

 
 

/NOT FOR DISTRIBUTION IN THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./

 

EMP Metals Corp. (CSE: EMPS) (OTC: EMPPF) ("EMP Metals" or the "Company ") announces that it has accelerated the expiry date of common share purchase warrants of the Company issued on August 4, 2021 (the "Warrants") in accordance with the terms of the Warrants. Approximately 11.1 million Warrants are currently outstanding and are subject to acceleration. If all Warrants are exercised, the Company will receive proceeds of approximately $2.56 million which will be used to drill the Company's lithium brine properties located in Saskatchewan .

 

Under the terms of the Warrants, the Company is permitted to accelerate the expiry date if the average closing price of the Company's common shares on the TSX Venture Exchange for any 10 consecutive trading days is equal to or greater than $0.50 (the "Acceleration Event"). The Company is pleased to confirm that the Acceleration Event occurred as of May 3, 2022 . Accordingly, the Company has chosen to accelerate the expiry date of the Warrants to May 18, 2022 and this news release constitutes notice to the Warrant holders of the acceleration under the terms of the Warrants. Holders may exercise the Warrants before 5:00 p.m. Pacific Daylight Time on May 18, 2022 (the "Expiry Time") by observing the process as set out in their Warrant certificates. All Warrants remaining unexercised after the Expiry Time will be cancelled.

 

This news release does not constitute an offer to sell, or solicitation of an offer to buy, nor will there be any sale of any of the securities offered in any jurisdiction where such offer, solicitation or sale would be unlawful, including the United States of America . The securities being offered as part of the exercise of warrants have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and any applicable state securities laws, or pursuant to available exemptions therefrom.

 
  About EMP Metals  
 

 EMP Metals is a Canadian-based exploration company focused on the acquisition and exploration of mineral projects with significant development potential. Its current portfolio includes lithium exploration projects in Saskatchewan, Canada . For more information, please go to the Company's website at www.empmetals.com .

 
   Forward-Looking Statements   
 

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. EMP Metals cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond EMP Metals' control. Such factors include, among other things: risks and uncertainties relating to EMP Metals' limited operating history, ability to obtain sufficient financing to carry out its exploration and development objectives on its mineral properties, obtaining the necessary permits to carry out its activities and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, EMP Metals undertakes no obligation to publicly update or revise forward-looking information.

 

  Neither the Canadian Securities Exchange ("CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.  

 

SOURCE EMP Metals Corp.

 

 

 

 Cision View original content: https://www.newswire.ca/en/releases/archive/May2022/04/c1021.html  

 
 

News Provided by Canada Newswire via QuoteMedia

EMPS:CNX
The Conversation (0)
EMP METALS TESTS UP TO 148 MG/L LITHIUM AT MANSUR PROJECT, SASKATCHEWAN

EMP METALS TESTS UP TO 148 MG/L LITHIUM AT MANSUR PROJECT, SASKATCHEWAN

 
 

EMP Metals Corp. (CSE: EMPS) (OTCQB: EMPPF) ("EMP Metals" or the "Company ") is pleased to announce positive results from the recently completed flow test of its second test well, 14-36-009-13W20, in the Mansur permit area located in southeast Saskatchewan ( Figure 1 ).  Third-party laboratory testing returned lithium concentrations in the Duperow formation up to 148 mgl. 1

 

The flow test confirmed high lithium concentrations ranging from 77 to 148 mg/l within 3 zones targeted for future development within the Duperow beds ( Figure 2 ).
The Wymark C zone tested 147 to 148 mg/l from a 11.6 m thick zone with average porosity of 10.4%.
The Wymark E zone tested 101 to 106 mg/l from a 4.9 m thick zone with average porosity of 12.7%.
The Wymark B zone tested 77 mg/l from a 16.9m thick zone with average porosity of 13.8%.

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
EMP METALS ANNOUNCES UPLISTING TO OTCQB

EMP METALS ANNOUNCES UPLISTING TO OTCQB

 
 

VANCOUVER, BC Dec. 21, 2022 CNW EMP Metals Corp. (CSE: EMPS) (OTCQB: EMPPF) ("EMP Metals" or the "Company ") is pleased to announce that it has obtained approval from the OTC Markets Group for listing of its common shares on the OTCQB under the symbol "EMPPF". It is anticipated that EMP Metals' uplisting to the OTCQB will provide greater liquidity and a more seamless trading experience for U.S. shareholders. Trading on the OTCQB will begin December 21, 2022 .

 

 EMP Metals' common shares will continue to trade on the Canadian Securities Exchange (CSE) under the symbol "EMPS".

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
EMP METALS ACQUIRES THIRD WELLBORE AT MANSUR FOR LITHIUM TESTING

EMP METALS ACQUIRES THIRD WELLBORE AT MANSUR FOR LITHIUM TESTING

 
 

EMP Metals Corp. (CSE: EMPS) (OTC: EMPPF) ("EMP Metals" or the "Company ") is pleased to announce that Hub City Lithium Corp. (" HCL "), a subsidiary company to EMP, has acquired an additional wellbore in its Mansur Permit Area.

 

The new well, 141/08-03-009-13 W2M (" Third Test Well "), is located at the Mansur Permit Area of southeast Saskatchewan and is approximately half a mile from the Company's first test well in the Mansur which confirmed concentrations of up to 96.3 mg/l in the Duperow zone and approximately one and a half miles from the second test well for which results are pending (please see press release dated October 31 , 2022).  The Third Test Well has been acquired for no consideration and the assumption of future abandonment and reclamation costs.

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
EMP METALS SPUDS FIRST LITHIUM WELL IN VIEWFIELD, SASKATCHEWAN

EMP METALS SPUDS FIRST LITHIUM WELL IN VIEWFIELD, SASKATCHEWAN

 
 

EMP Metals Corp. (CSE: EMPS) (OTC: EMPPF) ("EMP" or the "Company ") is pleased to announce Hub City Lithium Corp. ("HCL"), a subsidiary company to EMP, has spud its first targeted lithium well in Viewfield, Saskatchewan.  Drilling operations are expected to be completed by November 14 th 2022.  Following drilling, testing of the Duperow formation to evaluate brine concentration and flow rates will commence.

 

Brine sampling of a vertical wellbore on HCL's Mansur property returned lithium concentrations of up to 96 mg/l in the Duperow formation.  EMP is concurrently testing a second well on the Mansur permit (see press release dated October 31, 2022 ), and drilling the Viewfield well approximately 40 km to the southeast.  Both of these tests offset the 14-12 Midale well, which has similar geology, and tested lithium concentrations up to 190 mg/l. 1 Positive results at Viewfield and Mansur have the potential to establish a lithium brine resource that is contiguous over several townships of HCL's land holdings.

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
EMP METALS COMMENCES RE-ENTRY OF SECOND WELL AT MANSUR FOR LITHIUM TESTING

EMP METALS COMMENCES RE-ENTRY OF SECOND WELL AT MANSUR FOR LITHIUM TESTING

 
 

EMP Metals Corp. (CSE: EMPS) (OTC: EMPPF) ("EMP" or the "Company ") is pleased to announce Hub City Lithium Corp. ("HCL"), a subsidiary company to EMP, has now commenced the re-entry of wellbore 10114-36-008-13 W2M (the "Second Test Well") to test the inflow potential and lithium concentrations in the Duperow zone. The Second Test Well is located in the Mansur Permit Area of southeast Saskatchewan approximately half a mile from the Company's first test well, 1111-02-009-13W20, which confirmed lithium concentrations of up to 96.3 mgl (see press release dated February 2, 2022 ).

 

  Rob Gamley , CEO of EMP, commented, "We are pleased to commence this second re-entry at Mansur and believe it will be a key catalyst for EMP Metals and the expansion of our prospect. This operation will complement our results from our first re-entry, and we are optimistic this step-out re-entry will allow us the option to consider a Preliminary Economic Assessment."

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Sun Summit Commences Drilling and Provides Exploration Update from the JD Project in BC's Toodoggone District

Sun Summit Commences Drilling and Provides Exploration Update from the JD Project in BC's Toodoggone District

Sun Summit Minerals Corp. (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to provide an update from its ongoing project-wide exploration program at the JD Project, Toodoggone Mining District, north-central British Columbia (the "JD Project"). Drilling has now commenced with over 5,000 meters of drilling planned.

Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
FPX Nickel Announces Share-Based Compensation Grant

FPX Nickel Announces Share-Based Compensation Grant

 
 

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") announces that the board of directors of the Company has approved the grant of 5,305,000 stock options (the " Options ") to directors, officers and employees of the Company pursuant to the Company's Share Compensation Plan. The Options have an exercise price of $0.30 per share, with a five-year term and are fully vested on the grant date, July 10, 2025 .

 
 

  FPX Nickel logo (CNW Group/FPX Nickel Corp.) 

 

The Company also granted an aggregate 750,000 restricted share units (the " RSUs ") to certain officers of the Company. The RSUs vest in three equal installments on the annual anniversaries of the grant date and each vested RSU will entitle the holder to receive one common share of the Company or the equivalent cash value upon settlement.

 

  About FPX Nickel Corp.  

 

 FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/ or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

 

On behalf of FPX Nickel Corp.

 

"Martin Turenne"
Martin Turenne , President, CEO and Director

 

   Forward-Looking Statements   

 

  Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.  

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.  

 

SOURCE FPX Nickel Corp.

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/11/c5569.html  

 
 

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Cygnus Metals Limited: Issue of Performance Rights

Cygnus Metals Limited: Issue of Performance Rights

 

Cygnus Metals Limited ("Cygnus" or the "Company") advises that it has issued an aggregate of 67,050,000 performance rights ("Performance Rights") to directors, and key employees and consultants, under the Company's Omnibus Equity Incentive Plan ("Plan").

 

Shareholders approved the Plan and the issue of Performance Rights to directors at the Company's annual general meeting held on May 14, 2025. The Performance Rights to key personnel were issued on the same terms and conditions as the director Performance Rights, as set out in the notice of annual general meeting released to ASX on April 14, 2025.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Silver47 Conducts Prospecting and Soil Geochemical Surveys at Its Adams Plateau SEDEX Silver-Zinc-Lead-Copper-Gold Project, BC, Canada

Silver47 Conducts Prospecting and Soil Geochemical Surveys at Its Adams Plateau SEDEX Silver-Zinc-Lead-Copper-Gold Project, BC, Canada

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce the 2025 exploration program is nearing completion at its wholly-owned Adams Plateau Project (the "Project") in southern British Columbia, a silver-zinc-copper-gold-lead SEDEX project.

Gary Thompson, CEO of Silver47, stated: "We are glad to continue our work on Adams Plateau toward defining drill targets on this road-accessible project. The abundance of surface mineralization on the Project is very encouraging for the potential of new and exciting discoveries. The Company has received a 5-year permit for drilling. This year is shaping up to be transformational for the Company with a full season of drilling at the flagship Red Mountain Project and the pending merger with Summa Silver."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Osisko Metals Infill and Expansion Drilling Intersects New Wide Mineralization at Gaspé Copper

Osisko Metals Infill and Expansion Drilling Intersects New Wide Mineralization at Gaspé Copper

 

   New Expansion Hole Intersects    279    Metres Averaging    0.49    % Cu   

 

   Nine Drill Rigs Now Active on Site   

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×