Emp Metals Expands Lithium Brine Project in Saskatchewan
Tel : 604 689 7422 Fax : 604 689 7442 204 – 998 Harbourside Drive North Vancouver, BC V7P 3T2
EMP METALS EXPANDS LITHIUM BRINE PROJECT IN
SASKATCHEWAN
Vancouver, British Columbia, January 24, 2022 – 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 mi les 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 a n 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 (8 6,050 hectares) of
Subsurface Crown Mineral Dispositions in the Williston basin of Southern Saskatchewan. Brine
Tel : 604 689 7422 Fax : 604 689 7442 204 – 998 Harbourside Drive North Vancouver, BC V7P 3T2
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.
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
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.