EMP Metals Announces 2024 AGM Results - Approval of Tembo as a Control Person
Tel: 604-689-7422 208A - 980 West 1st Street, North Vancouver, BC V7P 3N4
EMP METALS ANNOUNCES 2024 AGM RESULTS
APPROVAL OF TEMBO AS A CONTROL PERSON
Vancouver, British Columbia, December 5, 2024 – EMP Metals Corp. (CSE: EMPS) (OTCQB: EMPPF)
(“EMP Metals” or the “Company”) is pleased to announce that the shareholders of the Company (the
“Shareholders”) approved all proposed resolutions at the annual general meeting of the Shareholders held
on December 4, 2024, including (i) the authorization and approval of Tembo Capital Holdings UK Ltd
(“Tembo”) and its affiliates as new “Control Persons” (as defined in policies of the Canadian Securities
Exchange) of the Company by disinterested Shareholders (the “Disinterested Shareholder Approval”), (ii)
the re-appointment of the existing directors of the Company, being Karl Kottmeier, Robin Gamley, Gregory
Bronson and Craig Foggo, and the appointment of Bryden Wright as a new director of the Company, and
(iii) the appointment of Baker Tilly WM LLP as the auditors of the Company.
Bryden Wright is the President of ROK Resources Inc. (“ROK”), and previously served as the Chief
Operating Officer and Vice-President, Engineering, of ROK and the Vice-President, Engineering, of
Villanova 4 Oil Corp. Mr. Wright has over 12 years of experience in Williston Basin oil exploration and
production, specifically South-Eastern Saskatchewan conventional and unconventional oil plays. Mr. Wright
holds a BSc in Petroleum Systems Engineering and is a registered Professional Engineer with the
Association of Professional Engineers and Geoscientists of Saskatchewan.
Approval of Tembo as a Control Person
As described above, Tembo and its affiliates were approved to become “Control Persons” of the Company
pursuant to the Disinterested Shareholder Approval.
Immediately prior to the Disinterested Shareholder Approval, Tembo and its affiliates beneficially owned,
directly or indirectly, 22,585,680 Common Shares and 14,389,250 Common Share purchase warrants
(“Warrants”), which represented approximately 19.66% of the issued and outstanding Common Shares on
a non-diluted basis and approximately 19.99% of the issued and outstanding Common Shares on a partially
diluted basis. Pursuant to the terms of the Warrants, if shareholder approval of the Company has been
granted permitting Tembo and its affiliates to become a "Control Block Holder" or "Control Person" of the
Company, Tembo and its affiliates would own or control 28.61% of the issued and outstanding Common
Shares on a partially diluted basis assuming exercise of the 14,389,250 Warrants.
Immediately following the Disinterested Shareholder Approval, Tembo and its affiliates continue to
beneficially own, directly or indirectly, 22,585,680 Common Shares and 14,389,250 Warrants, representing
approximately 19.66% of the issued and outstanding Common Shares on a non-diluted basis and
approximately 28.61% of the issued and outstanding Common Shares on a partially diluted basis, which
assumes the exercise of the 14,389,250 Warrants.
The securities of the Company held by Tembo and its affiliates are held for investment purposes. Tembo
and its affiliates may acquire additional securities of the Company either on the open market, through
private acquisitions or sell the securities on the open market or through private dispositions in the future
depending on market conditions, general economic and industry conditions, the Company’s business and
financial condition, reformulation of plans and/or other relevant factors.
A copy of the early warning report in respect of the Disinterested Shareholder Approval may be requested
from Tembo by mail at Fourth Floor, Plaza House, Admiral Park, St Peter Port, Guernsey GY1 2AL and will
be available under the Company’s SEDAR+ profile at www.sedarplus.ca.
Tel: 604-689-7422 208A - 980 West 1st Street, North Vancouver, BC V7P 3N4
The head office of Tembo is Fourth Floor, Plaza House, Admiral Park, St Peter Port, Guernsey GY1 2AL.
About EMP Metals
EMP Metals is a Canadian-based lithium exploration and development company focused on large-scale
resources using direct lithium extraction (DLE). EMP Metals currently holds 196,000 net (79,300 hectares)
acres of Subsurface Dispositions and strategic wellbores in Southern Saskatchewan. For more information,
please go to the Company’s website at www.empmetals.com
For more information, please contact:
Rob Gamley, President
Phone: 1-604-689-7422
Paul Schubach, COO
Phone: 1-306-519-8341
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 includ e,
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 c arry 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.
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.