VANCOUVER, BC, July 19, 2022 /CNW/ – EMP Metals Corp. (CSE: EMPS) (OTC: EMPPF) (“EMP Metals” “EMP”, or the “Company“) is pleased to announce that the Company has signed a letter of agreement with LI Extraction Technologies Inc. (“LIET”) for the use of LIET’s development lithium extraction technology under license.
Rob GambleyCEO of EMP Metals, said, “We are delighted to enter into this agreement with LIET to develop extraction technology specific to our needs. This is an exciting and timely development for EMP as we now plan to routinely produce lithium brines from a growing number of wells at locations in our southeast Saskatchewan land holdings. Our strategy of working with third-party technology providers to identify the ideal recovery process allows the company to avoid huge upfront development costs and retain flexibility.”
EMP’s subsidiary, Hub City Lithium, has sent a first batch of lithium-containing brine samples from the successful Mansur 11/11-02-009-13W2/0 well to LIET/Provectus for preliminary testing.
LI Extraction Technologies Inc. (“LIET”) has partnered with Provectus Engineered Materials Ltd. (“Provectus”) for the application of proprietary polymer membranes developed by Provectus (the “Extraction Technology”) to the extraction and refinement of lithium derivatives and compounds. from brine solutions (the “Objective”). LIET currently holds the exclusive rights to use the mining technology in all jurisdictions of Canada for. Under this letter of agreement, LIET will license the extraction technology to EMP Metals Corp. (“EMP”) on a non-exclusive basis for the purpose. The terms of the agreement will remain confidential for the time being.
The technical content of this press release has been reviewed and approved by Greg BronsonP. Geo., a qualified person for the purposes of National Instrument 43-101.
About EMP Metals
EMP Metals is a Canada-based exploration company focused on the acquisition and exploration of mining projects with high development potential. Its current portfolio includes lithium exploration projects in Saskatchewan, Canada. For more information, please visit the company’s website at www.empmetals.com.
The information in this press release contains forward-looking statements based on assumptions as of the date of this press 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 important factors, many of which are beyond EMP Metals’ control. These factors include, among others: the risks and uncertainties associated with EMP Metals’ limited operating history, the ability to obtain sufficient financing to achieve its exploration and development objectives on its mineral properties, the 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 by the forward-looking information. Except as required by applicable securities laws, EMP Metals undertakes no obligation to publicly update or revise any forward-looking information.
Neither the Canadian Stock Exchange (“CSE“) nor its Regulation Services Provider (as that term is defined in the CSE policies) accepts responsibility for the adequacy or accuracy of this press release.
SOURCEEMP Metals Corp.
For further information: Company Information: Rob Gamley, President and CEO, Phone: 604-689-7422, Email: [email protected]