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GRANTS STOCK OPTIONS
EMP Metals Corp. (CSE: EMPS,OTC:EMPPF) (OTCQB: EMPPF) ("EMP Metals" or the "Company") is pleased to announce the successful completion of all exterior construction work on the building that will house its upcoming lithium refining demonstration plant, known as Project Aurora, at the Company's Viewfield Project in Saskatchewan. At this stage the building is fully weather sealed, power has been run to the building from the fully serviced site, and prepared for interior finishing and electrical work to begin (see Figure 1).
The Company's Project Aurora partner, Saltworks Technologies Inc. ("Saltworks"), reports that construction of equipment for the Aurora direct well-head connected 'spoke' demonstration plant is 70% complete. Importantly, 60% of the equipment that will populate the Aurora facility is already being successfully used with in-field, fully automated performance on analogous projects. The continuous flow and fully automated 2nd generation direct lithium extraction (Gen II DLE) plant is designed to produce ultra-high purity and highly concentrated lithium chloride for delivery to the Aurora conversion hub. The Aurora conversion hub, located in Richmond BC, is constructed and commissioned, and already producing various grades of lithium carbonate using other brine sources.
Saltworks notes that Aurora's Gen II technology introduces a double DLE process that boosts eluate purity and lowers capital expenditure (capex). This is achieved by taking a complete integrated and optimized system approach, coupled with simplification enabled through the Gen II technology.
Paul Schubach, COO of EMP Metals, commented, "Completing the building's exterior and essential site infrastructure marks a major step forward for our demonstration plant. With these foundational elements in place, we can now focus on the remaining interior work and begin preparing for the arrival of the Saltworks processing equipment in early 2026."
The Company expects to begin interior finishing to finish in the coming weeks and will provide further updates as progress continues.
Stock Options Grant
The Company also announces that the board of directors has authorized the grant of 100,000 incentive stock options (the "Options") to a consultant of the Company, at an exercise price of $0.45 per common share. The Options are exercisable for a five-year period from the date of grant and may be subject to certain vesting provisions as determined by the board of directors. All Options were granted pursuant to the Company's stock option plan and are subject to the approval of the Canadian Securities Exchange ("CSE").
About EMP Metals
EMP is a Canadian-based lithium exploration and development company focused on large-scale resources using direct lithium extraction (DLE). EMP currently holds over 205,000 net acres (83,000 hectares) of Subsurface Dispositions and strategic wellbores in Southern Saskatchewan.
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.
The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE EMP Metals Corp.
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