Business
EMP Metals Recaps 2022 And Provides 2022 Outlook
VANCOUVER, BC, Sept. 13, 2022 /CNW/ - EMP Metals Corp. (CSE: EMPS) (OTC: EMPPF) ("EMP" or the "Company") is pleased to provide an update to investors on its pla
About this update from Emp Metals Corp
[{"type":"text","content":" VANCOUVER, BC, Sept. 13, 2022 /CNW/ - EMP Metals Corp. (CSE: EMPS) (OTC: EMPPF) (\"EMP\" or the \"Company\") is pleased to provide an update to investors on its plans for 2022 and to recap its 2022 accomplishments to-date. Key Accomplishments from 2022: On the back of impressive concentration (up to 96.3 mg/l) and flow results from its first test well at its Mansur Permit Area, the Company acquired a second wellbore for lithium testing from Epping Energy Inc. (Epping) at its Tyan Permit Area. Launched technical analysis to identify both primary exploration targets and potential additional wellbores for acquisition. Stringent workup and due diligence process resulted in a high priority target location for a test well at the Company's Viewfield Permit Area. Signed agreement with LI Extraction Technologies for testing lithium extraction using samples from Mansur and other wells. Secured nearly 100% participation in warrant exercise, raising ~$2.5 million to continue aggressive exploration and development of the Company's lithium brine properties which span 212,633 acres (86,050 hectares). Commenced re-entry of the Epping wellbore for testing. Increasing EMP Metals' interest in subsidiary company Hub City Lithium Corp. (HCL) to 75% from 50.25% for the lithium brine properties joint venture Key Objectives for 2022: Lithium concentration results from the Epping test well Acquire 2 newly identified high priority wellbores for testing at the Company's Mansur Permit Area. Spud, case and conduct concentration and flow testing of the Company's first well at its Viewfield Permit Area. Re-enter and flow test additional well at the Mansur Permit Area to provide sufficient resources information towards building a defendable Preliminary Economic Assessment (PEA). Engage well-established and reliable third-party experts to complete PEA based on data collected from at least 2 test wells completed combined with extraction results from both/either LI Extraction Tech or another technology partner Enter into a formal develop plan with a lithium extraction technology partner to develop a commercial processing facility. \"We have clear strategy and work plan designed to build upon the robust results from our Mansur Permit Area in order to accelerate completion of a PEA,\" said Rob Gamley, CEO of EMP. \"We anticipate being very active ...