Announcement • May 13
EMP Metals Corp. announced that it expects to receive CAD 1 million in funding EMP Metals Corp. announces a non-brokered private placement to issue 2,000,000 units at a price of CAD 0.50 per Unit, for gross proceeds of up to CAD 1,000,000 on May 12, 2026. Each Unit will consist of one common share in the capital of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one additional Common Share at an exercise price of CAD 0.70 per Common Share for a period of one year from the date of issuance. The Offering is expected to close on or about 15 days from the date of this news release, or such other date as may be determined by the Company, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange (the "Exchange"). All securities issued will be subject to a statutory and/or Exchange hold period of four months plus one day from closing. The Company may pay finder fees in compliance with applicable securities laws and Exchange policies and subject to the receipt of any necessary regulatory approvals. Board Change • May 05
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Craig Foggo was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 14
EMP Metals Corp Initiates Front End Engineering Design Study For Generation II Flowsheet Project Aurora Demonstration Plant EMP Metals Corp. has initiated work on an updated Front End Engineering Design ("FEED") study on the Generation 2 process flow sheet in development with Saltworks Technologies Inc. Key goals of the FEED study include: Define technical scope and requirements of the commercial surface facility, Identify and mitigate all project risks, Establish accurate and high confidence cost estimates for both Capital (CAPEX) and Operating (OPEX) costs, Optimize project schedule, Provide foundation for advancing project through further feasibility studies. The updated study represents a significant step in advancing the Company's Viewfield Project toward a more defined feasibility study for scalable commercial production. The work completed through this phase will serve as the technical and engineering foundation for subsequent definitive project and economic studies as the Company continues to systematically de-risk the project. The FEED study will incorporate and be validated in parallel by operating data generated from the Company's Project Aurora Demonstration Plant. The integration of real-world performance data from the direct wellhead connected demo plant is expected to optimize process design, confirm core engineering criteria, and enhance overall project confidence. The updated FEED study is expected to provide greater clarity and definition around capital expenditures (CAPEX) and operating costs (OPEX) for the Company's first commercial facility. By refining engineering parameters and incorporating operational learnings, the Company aims to strengthen cost accuracy and improve project planning.