Announcement • Jun 25
EMP Metals Receives Final Major Equipment Shipment At Project Aurora Demonstration Plant EMP Metals Corp. had the final major process equipment shipment from its technology partner, Saltworks Technologies Inc., arrive at its Project Aurora Demonstration Plant located within the Company's Viewfield Project Area in Saskatchewan, Canada. The delivery marks the completion of all major equipment shipments required for Project Aurora, with 100% of the planned process equipment now received on site and on schedule. Installation activities are underway, with equipment being positioned, connected, and integrated into the demonstration facility as construction advances toward completion. Commissioning activities have also continued to progress on equipment received last month. Mechanical checks, controls integration, and system preparation activities are proceeding according to plan as the Company works toward facility start-up. Project Aurora is EMP's integrated, continuous-flow lithium refining demonstration system designed to process ten (10) m³/day of raw brine from wellhead to lithium chemicals. The facility is intended to validate process performance, optimize operating parameters, and generate engineering and economic data to support future commercial-scale development. Project Aurora represents a joint initiative between EMP Metals and Saltworks Technologies aimed at simplifying lithium brine refining, reducing costs, and de-risking scale-up through a fully integrated system. As part of the collaboration, Saltworks is advancing full-scale plant design and cost estimates for a modular commercial refinery capable of producing more than 3,000 tonnes per year of lithium products, utilizing operational data generated during the demonstration phase. EMP's Saskatchewan brine resource benefits from clean chemistry free of hydrogen sulfide (H2S) and oil-derived organics, shallow low-cost drilling, established infrastructure, and a pro-critical minerals regulatory environment. These advantages position the Company to target an initial commercial production scale of 1,500–3,000 tonnes per year. Announcement • Jun 16
EMP Metals Corp. announced that it has received CAD 2.9395 million in funding from Tembo Capital Holdings UK Ltd On June 15, 2026, EMP Metals Corp. has closed the transaction. The company issued 1,000,000 units at CAD 0.50 per unit for gross proceeds of CAD 500,000 in its third tranche of transaction. Under the entire offering the company issued a total of 5,879,000 Units for gross proceeds of CAD 2,939,500. The transaction involves returning investor from Tembo Capital Holdings UK Ltd for 1,000,000 units for third tranche consideration and Tembo Capital Holdings UK Ltd. exercised its right to purchase 1,000,000 Units at a price of CAD 0.50 per Unit in order to maintain its partially diluted interest immediately prior to closing of the Offering. In connection with the third tranche the Company paid finders a cash fee totaling CAD 32,500 and issued a total of 65,000 Warrants. Under the entire offering the company paid finders a total of CAD 168,317.50 cash fee and issued a total of 336,635 Finder's Warrants. New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 7.7% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$69.7m market cap, or US$50.0m). 
