EMP METALS FILES NI 43-101 RESOURCE ESTIMATE TECHNICAL REPORT FOR ITS VIEWFIELD AND MANSUR PROJECTS, SASKATCHEWAN
EMP METALS FILES NI 43-101 RESOURCE ESTIMATE TECHNICAL REPORT FOR ITS VIEWFIELD AND MANSUR PROJECTS, SASKATCHEWAN |
[26-August-2025] |
GRANTS STOCK OPTIONS AND ENGAGES ADELAIDE CAPITAL FOR INVESTOR RELATIONS VANCOUVER, BC, Aug. 26, 2025 /CNW/ - EMP Metals Corp. (CSE: EMPS) (OTCQB: EMPPF) ("EMP" or the "Company") is pleased to announce the filing of a Technical Report (the "Report") for an updated mineral resource estimate at its Viewfield and Mansur lithium brine projects located in Southern Saskatchewan. The Report is titled "NI 43-101 Technical Report on the Lithium Brines of the Mansur Viewfield Areas of Southern Saskatchewan, Canada" with an effective date of August 1, 2025. The Viewfield and Mansur resource estimate highlights were originally announced by the Company on August 12, 2025. The Report can be found on the Company's website and on SEDAR+. Viewfield and Mansur Resource Estimate Highlights:jctUpdtdhh
Since the last technical update, EMP has expanded its land position by more than 20%, adding over 6,700 Ha of prospective lands in the Viewfield and Mansur permit areas, with total combined landholdings exceeding 83,000 Hectares in Southeast Saskatchewan. Table 1. Summary of Indicated and Inferred MRE
Investor Relations In addition, EMP announces that it has engaged Adelaide Capital ("Adelaide"), a leading investor relations and capital markets advisory firm, to provide investor relations and consulting services to the Company. Adelaide is a full-service investor relations firm that brings a unique and powerful perspective and a re-engineered investor relations business model. Adelaide will work closely with EMP to develop and deploy a comprehensive capital markets program, which includes assisting with non-deal roadshows, virtual campaigns, social media, conferences and assisting with investor communication. In exchange for Adelaide's services, and pursuant to an investor relations consulting agreement (the "IRA") starting on September 15, 2025, the Company has agreed to pay a monthly fee of $8,000 (plus applicable taxes) for an initial nine-month term (subject to extension by mutual agreement) in addition to the grant of 150,000 stock options (the "Options") to Adelaide. Subject to the policies of the Canadian Securities Exchange (the "CSE") and the terms and conditions, the Options will have an exercise price of $0.32 and shall expire five years from the date of issuance and shall vest in four equal proportions every three months after the grant date for a period of 12 months. The IRA is subject to approval by the CSE. Adelaide is principally owned by Deborah Honig and is an arm's length company based in Toronto, Ontario. Adelaide is a full-service investor relations and social media firm that specializes in small-cap growth companies. As of the date hereof, Adelaide does not have any interest, directly or indirectly, in the Company or its securities. Adelaide Capital is located at Suite 1050, 400 Burrard Street, Vancouver, British Columbia, phone number of 604-331-1213 and email address of info@adcap.ca. Stock Options Grant The Company also announces that it has granted an aggregate of 1,650,000 incentive stock options of the Company (the "Options") to certain directors, officers, employees and consultants of the Company in accordance with the Company's stock option plan. Each Option is exercisable to acquire one (1) common share of the Company (a "Common Share") at an exercise price of $0.32 per Common Share until August 26, 2030. The Options are not subject to vesting conditions Assumptions and Parameters The resource estimate on the Viewfield and Mansur Projects were carried out using stochastic Monte Carlo modelling using the Crystal Ball software from Oracle. At this early stage of resource evaluation, this method of estimation is preferred over the use of deterministic averages for resource in place calculations, as it will better represent the geologic range of uncertainty of the data. Petrophysical properties from all available well logs were used to map the data across the region. Raw data and geologic mapping were used in the determination of minimum, maximum and expected values for net porous interval and average effective porosities. All valid lithium concentration test data from the region was incorporated into the Monte Carlo simulation with representative minimum, maximum and expected values of each aquifer in each project area. Total net acreage of EMP's mineral interest lands for Viewfield and Mansur Projects was used in the calculations. Each sub area was given a fixed acreage based on EMP net interest and area values were held fixed in the Monte Carlo simulation. Net porous thickness was calculated from digital well logs for each of the eight aquifers using a 3% porosity cut-off, which was applied to the matrix-corrected effective porosity curves for each well. In the Monte Carlo simulation, a triangle distribution was used to represent the range of thicknesses within each aquifer. The effective porosity was determined using the effective porosity curve of each well tabulated for each aquifer. For the Monty Carlo simulation, a normal distribution was used by inputting an average effective porosity and a calculated standard deviation from the spread of the data. Effective porosity is used in conjunction with SW (irreducible water) to be representative of Specific yield. Since this is a large, confined reservoir under subsurface pressure and temperature conditions this reservoir will not dewater, and Specific yield does not apply. For a 100% brine-filled reservoir where effective porosities were calculated and a cut off 3% porosity was implemented, the volume of the permeable reservoir is expected to have a low irreducible water saturation. For the Monte Carlo simulation 0 to 2% SWir was used as the minimum and maximum SWir. Using the lithium concentrations that were sampled and analyzed for each Duperow zone on the EMP permits, along with applicable offsetting data, a defined range of probable concentrations was determined for each zone and a normal distribution of values was implemented into the Monte Carlo simulation. Mineral Resource Quality Assurance and Control Swab tests were performed by Red Hawk Well Servicing, with the use of a downhole mechanical swabbing string and associated surface equipment. The Company uses industry standard quality assurance and quality control protocols in carrying out its exploration activities. Brine testing was completed by Isobrine Solutions (Edmonton, Alberta, Canada), an independent 3rd party lab that provides water analysis and lithium concentration data. Flow testing results of the horizontal well were monitored by the company's internal monitoring system and results have been verified by Trevor Else. Qualified Person The technical content of this news release has been reviewed and approved by Trevor Else, P. Geol., a qualified person for the purpose of National Instrument 43-101. Mr. Else was engaged to prepare the MRE and is independent of the Company. About EMP Metals Corp. EMP is a Canadian-based lithium exploration and development company focused on large-scale resources using direct lithium extraction (DLE). EMP currently holds over 205,000 net (83,000 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. 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 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' control. Such factors include, among other things: risks and uncertainties relating to EMP' 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 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 in the forward-looking information. Except as required under applicable securities legislation, EMP 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. SOURCE EMP Metals Corp. | ||||||||||||||||||||||||||||||
Company Codes: CNSX:EMPS,OTC-PINK:EMPPF,OTC-BB:EMPPF,OTC-QB:EMPPF |
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