VANCOUVER, BC, July 19, 2022 /CNW/ – EMP Metals Corp. (CSE: EMPS) (OTC: EMPPF) (“EMP Metals” “EMP”, or the “Corporation“) is delighted to announce that the Company has signed a letter settlement with LI Extraction Technologies Inc. (“LIET”) for use of LIET’s licensed developmental lithium extraction technologies.
Rob Gamley, CEO of EMP Metals, commented, “We are delighted to enter into this agreement with LIET to produce an extraction technological know-how distinct to our prerequisites. This is an thrilling and well timed growth for EMP as we are now expecting to on a regular basis create lithium brines from a escalating variety of wells at spots across our southeastern Saskatchewan land holdings. Our strategy of operating with third social gathering know-how vendors to determine the great recovery method enables the Corporation to stay away from huge upfront advancement prices and keep adaptability.”
EMP’s subsidiary, Hub Town Lithium has forwarded an first sample batch of lithium bearing brines taken from the prosperous Mansur 11/11-02-009-13W2/ properly, to LIET/Provectus for preliminary tests.
LI Extraction Systems Inc. (“LIET”) has partnered with Provectus Engineered Products Ltd. (“Provectus”) in the application of proprietary polymer membranes created by Provectus (the “Extraction Know-how”) to the extraction and refinement of lithium derivatives and compounds from brine remedies (the “Reason”). LIET now holds the special legal rights to utilize the Extraction Engineering in all jurisdictions of Canada for the Intent. Under this this letter arrangement, LIET will license the Extraction Technology to EMP Metals Corp. (“EMP”) on a non-special basis for the Goal. Phrases of the agreement will continue being confidential for the time becoming.
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About EMP Metals
EMP Metals is a Canadian-dependent exploration company targeted on the acquisition and exploration of mineral initiatives with major growth opportunity. Its present-day portfolio consists of lithium exploration jobs in Saskatchewan, Canada. For extra info, you should go to the Company’s website at www.empmetals.com.
Details established forth in this news release is made up of ahead-wanting statements that are primarily based on assumptions as of the date of this information launch. These statements mirror management’s present-day estimates, beliefs, intentions and anticipations. They are not ensures of long term performance. EMP Metals cautions that all forward-wanting statements are inherently uncertain, and that true performance may perhaps be afflicted by a selection of product elements, quite a few of which are further than EMP Metals’ regulate. Such factors incorporate, among other things: challenges and uncertainties relating to EMP Metals’ restricted running historical past, capability to receive enough funding to have out its exploration and progress goals on its mineral houses, acquiring the important permits to have out its routines and the want to comply with environmental and governmental restrictions. Accordingly, precise and long term functions, disorders and effects may perhaps vary materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking details. Other than as demanded less than relevant securities legislation, EMP Metals undertakes no obligation to publicly update or revise ahead-seeking information and facts.
Neither the Canadian Securities Exchange (“CSE“) nor its Regulation Services Service provider (as that time period is described in the procedures of the CSE) accepts duty for the adequacy or accuracy of this news launch.