Base Metals

EMP Metals Corp. (CSE: EMPS) (OTC: EMPPF) ("EMP Metals" or the "Company") is pleased to announce the acquisition of an additional 92,894 acres (37,593 hectares) of Subsurface Crown Mineral Dispositions located in Saskatchewan.

The bulk of the acquired Subsurface Crown Mineral Dispositions compliment the existing acreage in the Tyvan Permit Area which is located approximately 50 miles south of Regina, Saskatchewan. The Tyvan Permit Area is approximately 20 miles north of the Mansur Permit Area where lithium successfully encountered, testing up to 96.3 mg/l in the Test Well.

The Tyvan Permit Area has existing infrastructure with greater than fifty oil wellbores drilled through the target formation. This allows for potential cost savings on future development and allows the Company to map and target certain lands with lithium potential. In addition, many of the existing wellbores are nearing the end of their economic life and can be repurposed initially for use as lithium brine test wells. In the future, additional wells may be purchased for use as lithium brine production and disposal wells. This existing infrastructure is expected to lower the ultimate cost of early-stage development of the resource.

The Tyvan Permit Area, Mansur Permit Area, and Viewfield Permit Area now collectively cover an area extending 40 miles north and 40 miles east of the City of Weyburn. The existing oil and gas infrastructure within the area includes over a hundred oil wells drilled through the target formation that can be used for geological mapping, future lithium testing, and development. In addition to the existing oil field infrastructure and labour pool, the economics of the project area are enhanced by the presence of paved highways, rail lines, existing three phase electrical supply, and access to natural gas.

Rob Gamley, CEO of EMP Metals, commented, "We are very pleased to add these contiguous property blocks to our lithium brine project. We are excited about the next phase of brine testing and analysis on our prospects in Saskatchewan."

The Company also announces that it has granted an aggregate of 1,050,000 stock options to directors, officers, employees, consultants and advisors. The stock options are exercisable for a period of five years at a price of $0.40 per share. 550,000 stock options will vest quarterly over 12 months from the date of issuance. 500,000 stock options vest on the basis 50,000 per month after the grant date.

Lithium Brine Properties Joint Venture

The lithium brine properties consist of 37 permits totaling 212,633 acres (86,050 hectares) of Subsurface Crown Mineral Dispositions in the Williston basin of Southern Saskatchewan. Brine sampling of a vertical wellbore located on one of the properties returned lithium concentrations in the Duperow formation up to 96.3 mg/l. The properties are held through EMP Metals' 67% owned subsidiary Hub City Minerals Corp. ("HCM").

Qualified Person
The technical content of this news release has been reviewed and approved by Greg Bronson, P. Geo., a qualified person for the purpose of National Instrument 43-101.

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.

Click here to connect with EMP Metals Corp. (CSE: EMPS) (OTC: EMPPF) to receive an Investor Presentation

Source

EMPS:CNX
EMP Metals

EMP Metals


Keep reading... Show less
EMP METALS ACQUIRES NEW WELLBORE FOR LITHIUM TESTING

EMP METALS ACQUIRES NEW WELLBORE FOR LITHIUM TESTING

EMP Metals Corp. (CSE: EMPS) (OTC: EMPPF) ("EMP Metals" or the "Company ") is pleased to announce that EMP subsidiary company Hub City Lithium ("HCL") and  Epping Energy Inc. have entered into a Wellbore Takeover Agreement (the "Agreement") over 13108-07-014-11W2 (the "Well') whereby HCL will test the Well for lithium concentrations.  Within the Agreement HCL assumes the abandonment liability of the Well, estimated at $70,000 which aligns with HCL's highly cost-effective strategy of testing for lithium within existing infrastructure.  The Well is located in the Tyvan area of Southeast Saskatchewan which is within half mile of HCL's lands.

A multi-zone perforation test will be performed post-break-up on the Well, testing the inflow potential and lithium concentrations in the target Duperow zone. The Duperow zone is the same zone that confirmed lithium concentrations of up to 96.3 mg/l in the Mansur, which is approximately 50km SW of the Well.  The follow up flow test of the Mansur test well indicated the potential for future development of a dual layer lithium brine project with high flow rates and brine concentrations in the 86 to 96.3 mg/l range.  Vertical wellbore development of the lower Duperow zone with 86 mg/l zone is viable due to the high flow rates in that zone.

Keep reading... Show less
EMP METALS RECEIVES APPROXIMATELY $2.5 MILLION FROM WARRANT EXERCISE

EMP METALS RECEIVES APPROXIMATELY $2.5 MILLION FROM WARRANT EXERCISE

EMP Metals Corp. (CSE: EMPS) (OTC: EMPPF) ("EMP Metals" or the "Company ") is pleased to provide an update on its previously announced acceleration of warrants expiry date issued on August 4, 2021 (the "Warrants") (see press release dated May 4 2022).  The Company has completed the acceleration raising $2,478,421.62 from the exercise of 10,775,746 Warrants.  As a result, the Company now has approximately $3.8 million in cash on hand.

Rob Gamley , President of EMP Metals, stated, "With 97% of the warrants exercised, it is great to see such strong support and confidence in our Company from existing shareholders.  The additional cash strengthens our balance sheet and allows us to expand our exploration and development plans on our lithium-brine properties in Saskatchewan ."

Keep reading... Show less
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 .

Keep reading... Show less
EMP METALS GRANTS STOCK OPTIONS

EMP METALS GRANTS STOCK OPTIONS

EMP Metals Corp. (CSE: EMPS) (OTC: EMPPF) ("EMP Metals" or the "Company ") announces that it has granted a total of 700,000 stock options to its directors, officers, employees, consultants and advisors. All options expire five years from the date of grant.  500,000 are exercisable at $0.40 per share and vesting immediately.  200,000 are exercisable at $0.40 per share with 50% of the options available on the grant date and the remaining 50% vesting for 6 months after the grant date.

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 .

Keep reading... Show less

New Media Capital 2.0 Inc. Announces Proposed Qualifying Transaction With Hypersonix Launch Systems Ltd.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES

New Media Capital 2.0 Inc. (" New Media " or the " Company ") (TSXV: NEME.P) announces that it has entered into a non-binding letter of intent dated January 26 th 2022 with Hypersonix Launch Systems Ltd. (" Hypersonix "), a private company incorporated under the laws of New South Wales, Australia, to effect an arm's length transaction that will result in a reverse takeover of New Media by Hypersonix (the " Proposed Transaction "). Trading in the common shares of New Media have been halted until such time as all required documentation has been filed with and accepted by the TSX Venture Exchange (the " TSXV ") in connection with the Proposed Transaction. There can be no assurances that the Proposed Transaction will be completed on the terms set out below or at all.

Keep reading... Show less

Lilium and Livent Announce Collaboration to Advance Research and Development for High-Performance Lithium Batteries

Lilium N.V. (NASDAQ: LILM) ("Lilium"), developer of the first all-electric vertical take-off and landing ("eVTOL") jet, and Livent Corporation (NYSE: LTHM) ("Livent"), one of the world's leading producers of lithium products for the battery cell industry, announced today a research and development collaboration agreement.

Lilium and Livent have agreed to collaborate on the advancement of lithium metal technology for use in high-performance battery cells. Collaborating with Livent, a pioneer in lithium technology innovation and a global leader in lithium production for nearly eighty years, is an important step towards securing Lilium's future access to the high-performance battery cell technology that will power Lilium's jets.

Keep reading... Show less
Pegmatite Cluster Mapped at Karonie Doubling Strike Length

Pegmatite Cluster Mapped at Karonie Doubling Strike Length

Alchemy Resources Limited (ASX: ALY) (“Alchemy” or “the Company”) is pleased to announce it has identified additional outcropping pegmatites at its 100% owned Karonie Gold Project located east of Kalgoorlie in Western Australia. The recent mapping has now identified a pegmatite cluster and has doubled the strike length at the Cherry and Hickory prospects, and has identified multiple outcropping pegmatites at Pecan in the north.