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EMP Metals ( (TSE:EMPS) ) has shared an announcement.
EMP Metals has completed the interior construction and cladding of the building that will host its Project Aurora lithium refining demonstration plant in Saskatchewan, with electrical work underway ahead of the arrival of process equipment. Equipment fabrication and pre-commissioning at technology partner Saltworks Technologies in British Columbia are progressing on schedule, including a next-generation direct lithium extraction system, keeping the company on track to start up one of Saskatchewan’s first wellhead-connected lithium extraction facilities in the second quarter. The Project Aurora demo plant is designed to test and optimize a modular hub-and-spoke, continuous-flow lithium extraction and refining model aimed at reducing costs and simplifying the path from lithium brine to battery-grade chemicals, and Saltworks will use data from the site to advance design and cost estimates for a scalable 3,000+ tonne-per-year commercial refinery that could underpin EMP Metals’ future growth and competitive positioning in the emerging Canadian lithium sector.
The most recent analyst rating on (TSE:EMPS) stock is a Hold with a C$0.85 price target. To see the full list of analyst forecasts on EMP Metals stock, see the TSE:EMPS Stock Forecast page.
Spark’s Take on TSE:EMPS Stock
According to Spark, TipRanks’ AI Analyst, TSE:EMPS is a Neutral.
The score is primarily held back by weak financial performance: the company is pre-revenue with widening losses and significant, worsening free-cash-flow burn, implying continued funding needs. Technicals are a partial offset with a strong uptrend above key moving averages, though momentum is overextended (high RSI/Stoch). Valuation is constrained by negative earnings (negative P/E) and no dividend support.
To see Spark’s full report on TSE:EMPS stock, click here.
More about EMP Metals
EMP Metals Corp. is a Canadian-based lithium exploration and development company focused on large-scale resources in southern Saskatchewan, where it holds more than 205,000 net acres of subsurface dispositions and strategic wellbores. The company concentrates on deploying direct lithium extraction technologies to unlock these brine-hosted resources for use in the battery materials supply chain.
YTD Price Performance: 71.13%
Average Trading Volume: 39,603
Technical Sentiment Signal: Buy
Current Market Cap: C$99.73M
Find detailed analytics on EMPS stock on TipRanks’ Stock Analysis page.