EMP Metals creates lithium well at Mansur project in Saskatchewan

VANCOUVER, BC, October 23, 2024 /CNW/ – EMP Metals Corp. (CSE: EMPS) (OTCQB: EMPPF) (“EMP Metals” or the “Company“) is pleased to announce that it has drilled a third targeted lithium well (“1-29”) in the Mansur project area in Saskatchewan (see Figure 1).

Highlights

• The goal is to better delineate the established lithium pool and potentially make Mansur an independently viable project.
• The data will be used to complete the updated National Instrument 43-101 resource report that the company has launched, with delivery expected in the fourth quarter of 2024.
• The drilling will build on previous wellbore reentry in the Mansur project area, which tested lithium concentrations of up to 148 mg/l (see press release from January 26, 2023), and flow rate tested up to 528 m3/day (see press releases from September 29, 2021 And February 22022).

Karl KottmeierCEO of EMP Metals, said: “We are excited to return to our Mansur project area, one of the most concentrated brines in the world. Canadato potentially further expand our resources. With previous lithium concentration tests of 96 mg/l to 148 mg/l, no H2S or oilfield contaminants in the brines and a relatively shallow depth in the target formation, this project is expected to provide significant competitive advantages, particularly a reduction in investments and operations. costs per ton, compared to other lithium brine projects in North America.

Drilling of well 1-29 is expected to take approximately one week. After drilling, testing in the target formation to assess brine concentration will begin and is expected to last an additional three weeks.

Qualified person

The technical content of this press release has been reviewed and approved by Greg BronsonP. Geo., a qualified person for purposes of National Instrument 43-101.

About EMP Metals

EMP Metals is a Canadian lithium exploration and development company focused on large-scale resources using direct lithium extraction (DLE). EMP Metals currently owns approximately 200,000 net acres of underground disposals and strategic drilling wells in southern Saskatchewan. For more information, please visit the Company’s website at www.empmetals.com

Abbreviations

Forward-looking statements

The information presented in this press release contains forward-looking statements that are based on assumptions as of the date of this press release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They do not constitute 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. Such factors include, among others: risks and uncertainties related to EMP Metals’ limited operating history, the ability to obtain sufficient financing to achieve its exploration and development objectives on its mining properties, obtaining permits required to conduct business and the need to comply with environmental and government regulations. Therefore, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in 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.

The Canadian Securities Exchange has neither approved nor disapproved the information contained in this press release and accepts no responsibility for the adequacy or accuracy of this press release.