EMP Metals Corp. (CSE: EMPS) (OTC: EMPPF) is pleased to provide an update on its previously announced acceleration of warrants expiry date issued on August 4, 2021 (see press release dated May 4, 2022). The Company has completed the acceleration raising $2,478,421.62 from the exercise of 10,775,746 Warrants. As a result, the Company now has approximately $3.8 million in cash on hand.
Rob Gamley, President of EMP Metals, stated, “With 97% of the warrants exercised, it is great to see such strong support and confidence in our Company from existing shareholders. The additional cash strengthens our balance sheet and allows us to expand our exploration and development plans on our lithium-brine properties in Saskatchewan.”
EMP Metals is a Canadian-based exploration company focused on the acquisition and exploration of mineral projects with significant development potential. Its current portfolio includes lithium exploration projects in Saskatchewan, Canada.
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We acknowledge the [financial] support of the Government of Canada.