Emp Metals Acquires Remaining Interest in Hub City Minerals Corp.
Tel : 604 689 7422 208A – 980 West 1st Street North Vancouver, BC V7P 3N4
EMP METALS ACQUIRES REMAINING INTEREST IN HUB CITY
MINERALS CORP.
Vancouver, British Columbia, September 7th, 2022 – EMP Metals Corp. (CSE: EMPS)
(OTC: EMPPF) (“EMP Metals” or the “Company ”) announces that it has acquired the
remaining interest of its subsidiary Hub City Minerals Corp. (“Hub City”) pursuant to the terms
of a share purchase agreement among EMP Metals, Hub City Royalty Corp. (“Hub City
Royalty”) and the security holders of Hub City (the “Purchase Agr eement”). EMP Metals now
holds a 75% interest in Hub City Lithium Inc., which owns a highly prospective package of
lithium brine focused permits in Southern Saskatchewan (the “Li-Brine Properties”).
Rob Gamley, CEO states, “Our exploration success at the Mansur permit area, returning lithium
concentrations in the Duperow formation up to 96.3 mg/l, and the high prospectively of the Li -
Brine Properties warranted the acquisition of the remaining interest of Hub City. By grantin g a
net profit interest in Hub City, we ensured no dilution to the public company thereby enhancing
shareholder value. We are excited about upcoming drilling activities at the Li-Brine Properties.”
Under the terms of the Purchase Agreement, EMP Metals acquired the remaining 33% of the
shares of Hub City from the minority shareholders of Hub City and, in consideration of which,
EMP Metals transferred all of the shares of Hub City Royalty to the minority shareholders of Hub
City. Hub City Royalty holds a 25% interest in the net profits of Hub City upon commencement
of commercial production of the Li-Brine Properties.
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 of lithium brine
properties consists 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. For more information, please go to the Company’s website at
www.empmetals.com.
Corporate Inquiries:
Rob Gamley, President & CEO
Phone: 604-689-7422 (please leave a message)
Email: [email protected]
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
Tel : 604 689 7422 208A – 980 West 1st Street North Vancouver, BC V7P 3N4
estimates, beliefs, intentions and expectations. They are not gu arantees 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 implie d 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.