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EMP Metals up 33% as Seals Deal For Lithium Refining Demo Facility
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EMP Metals up 33% as Seals Deal For Lithium Refining Demo Facility
May 29, 2025 11:12 AM

01:57 PM EDT, 05/29/2025 (MT Newswires) -- EMP Metals ( EMPPF ) up 33% on last look, on Thursday said it entered into an agreement with Saltworks Technologies to build and operate a lithium-refining demonstration plant, to be known as Project Aurora, at EMP's Viewfield Project in Saskatchewan.

The demonstration plant will process 10 cubic meters a day of raw lithium brine into refined and concentrated lithium chloride, a statement noted.

"Over the last 18 months, we have significantly de-risked our lithium brine assets with a robust PEA on Viewfield, 99.7% lithium carbonate purity from our pilot programs, strong flow rates and stable concentration at our Viewfield Horizontal well," said Chief Operating Officer Paul Schubach. "Our collaboration with Saltworks to build, operate, and prove out a Hub and Spoke model for commercial production is the next major step in advancing our Viewfield lithium brine asset as we move towards commercialization."

EMP was last seen up $0.08 to $0.32 on the Canadian Securities Exchange.

Price: 0.32, Change: +0.08, Percent Change: +33.33

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