Neo Lithium Corp.  is pleased to announce that it has filed a technical report for its wholly-owned Tres Quebradas lithium brine project in Catamarca Province, Argentina pursuant to National Instrument 43-101 "Standards of Disclosure for Mineral Projects" . The Technical Report supports the disclosure made by the Company in its October 26, 2021 news release announcing the results of the NI 43-101 feasibility study ...

Neo Lithium Corp. (" Neo Lithium " or the " Company ") (TSXV: NLC) (OTCQX: NTTHF) (FSE: NE2) is pleased to announce that it has filed a technical report for its wholly-owned Tres Quebradas lithium brine project (" 3Q Project ") in Catamarca Province, Argentina (the " Technical Report ") pursuant to National Instrument 43-101 "Standards of Disclosure for Mineral Projects" (" NI 43-101 "). The Technical Report supports the disclosure made by the Company in its October 26, 2021 news release announcing the results of the NI 43-101 feasibility study for the 100% owned 3Q Project.

The Technical Report is titled "Feasibility Study (FS) - 3Q Project NI 43-101 Report Catamarca, Argentina " and was prepared by Worley, a leading global provider of professional project and asset services in the energy, chemicals and resources sectors with extensive experience in the design and construction of some of the largest and lowest cost lithium brine processing facilities in Chile and Argentina . The reserve estimate was done by brine resource and reserve experts Groundwater Insight Inc.

About Neo Lithium Corp.

The 3Q Project is located in the Province of Catamarca, the largest lithium producing area in Argentina . The project covers approximately 35,000 ha and the salar complex within this area is approximately 16,000 ha.

Additional information regarding Neo Lithium Corp. is available on SEDAR at www.sedar.com under the Company's profile and at its website at www.neolithium.ca .

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way approved nor disapproved the contents of this press release.

Cautionary Note Regarding Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements. Generally, forward-looking statements can be identified by the use of words such as "plans", "expects" or "is expected", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. Forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, which could cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such statements. These risks include, without limitation, political and regulatory risks associated with mining and exploration activities and operations in Argentina , environmental regulation, and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record, including, but not limited to, the risk factors described in the Company's revised annual information form for the year ended December 31, 2019 available on SEDAR. Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended and undue reliance should not be placed on forward-looking statements.

SOURCE Neo Lithium Corp.

Cision View original content: http://www.newswire.ca/en/releases/archive/November2021/25/c3343.html

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EMP Metals


Overview

The number of electric vehicles on the road is expected to increase from 10 million today to 100 million by 2030, and up to an estimated 400 million by 2040. This staggering growth has put the spotlight on lithium, which is an essential mineral in manufacturing most consumer devices, electric vehicles (EVs), battery technology and renewable energy technologies. However, experts predict that we may experience a lithium shortage by 2022 if we fail to ramp up production and availability of this essential battery metal.

In reality, mining lithium is challenging for a variety of reasons. Many existing extraction methods are both costly and ripe with environmental issues. As a result, Direct Lithium Extraction (DLE) is rapidly being recognized as an innovative and more environmentallyfriendly lithium extraction technology — one that is less expensive than the more dominant mining methods currently being used. This has encouraged many mining companies and even government agencies to explore how DLE can further capitalize on known lithium deposits.

EMP Metals (CSE:EMPS) is an early-entry lithium exploration and development company planning on utilizing Direct Lithium Extraction on a large scale in Canada. A strong management team and skilled technical team form the foundation for this promising organization. Additionally, EMP Metals plans to develop its project portfolio by continually focusing on low-cost yet promising land parcels located in Saskatchewan.

EMP Metals Direct Lithium Extraction

The DLE method calls for using a specialized absorbent to extract lithium from brine and actively rejects impurities, creating high-quality lithium carbonate and lithium hydroxide. DLE is both more cost-effective and environmentally responsible than evaporation and hard-rock mining and has shown a superior recovery rate relative to traditional extraction methods.

Currently, EMP Metals has a strategic land base in Saskatchewan that comprises three projects totaling an impressive 119,739 acres. Saskatchewan is an ideal province for lithium extraction due to multiple appealing factors: existing infrastructure, a skilled local workforce and a mining-friendly government. Additionally, Saskatchewan’s Duperow Formation is supportive for using DLE recovery technology, making the project area extremely appealing as a location to build a large-scale DLE mine. The land package also contains 15 wellbores from historical surveying and natural resource recovery, potentially greatly reducing exploration and development costs.

EMP Metals Saskatchewan Lithium

EMP Metals boasts a strong technical and management team with relevant industry experience. The technical team has extensive experience in building large scale brine lifting and disposal infrastructure as well as drilling wells to all depths within Saskatchewan’s Williston Basin. Rob Gamley, President and CEO, brings over a decade of experience in corporate finance and consulting with publicly traded companies. Natashia Tsai, CFO, specializes in managing financial operations with a focus on overall business performance. Dr. Peter Pollard, Chief Geologist, has over 30 years of experience as a researcher and mineral exploration expertise. Greg Bronson, Director, also possesses over 30 years of experience in mineral exploration companies and oil and gas exploration and development. The combined team has what it takes to potentially lead EMP Metals to successfully build a large-scale DLE-based lithium mine.

Company Highlights

  • Saskatchewan is an attractive region for mining companies due to the available workforce, mining-friendly governmental policies, and the presence of existing infrastructure.
  • Focused on potential DLE amenable assets to mine lithium in Saskatchewan, Canada.
  • DLE is an innovative lithium extraction technology that has shown a higher recovery rate, costs less to operate and has a less severe environmental impact than other methods.
  • EMP Metals has ring-fenced 119,739 acres of highly prospective lithium properties in four main distinct geological locations in Saskatchewan, which includes 21 lithium-brine focused permits.

Key Projects

Saskatchewan Project

EMP Metals Saskatchewan Duperow Formation

The Saskatchewan land package is a collection of prospective lithium properties that covers 119,739 acres. EMP Metals is continuously looking to expand its project’s area by participating in land auctions and pursuing acquisition opportunities.

EMP Metals is focused on project areas in Saskatchewan due to the presence of the Duperow Formation, aregionally extensive reservoir with aquifer support. DLE aims to be an ideal recovery technology to leverage for this this geological feature and due to the presence of a high amount of lithium-rich brine.

Brine sampling of a well within EMP’s project area revealed 85.0 to 96.3 mg/L. The presence of existing deep wellbores on its permits lowers the capital costs on drilling . Additionally, it’s worth noting that an offsetting well in the area has tested up to 190 mg/l in the Duperow.. The shallower depth of the Duperow further decreases operating costs.

The next step for the project is to conduct a resource evaluation and PEA, which is slated for Q1 2022. EMP Metals aims to continually acquire land to expand its land package with the intent of creating a high-producing lithium mine.

Management Team

Rob Gamley - President and CEO

Over 10 years of corporate finance and capital markets experience, consulting to public companies across a variety of industries. VP Contact Financial Corp. – strategic communications and consulting firm.

Natasha Tsai - CFO

Managing Director of Malaspina Consultants; specializing in areas of financial operations and business performance. Was CFO with companies in a broad range of industries including mining and energy.

Dr. Peter Pollard - Chief Geologist

Over 30 years global research and mineral exploration consulting experience. Recognized expert in intrusion-related mineralized systems including Cu-Au porphyry, Sn-W-Mo-Bi-Au, Fe-oxide Cu-Au-U and Au-Ag systems.

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