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EMP Metals ( (TSE:EMPS) ) has issued an announcement.
EMP Metals has submitted permit applications to Saskatchewan’s Ministry of Energy and Resources to re-enter and test an existing brackish water well near its Project Aurora demonstration plant in the Viewfield area, with a groundwater testing permit already secured from the Water Security Agency. The well is intended to provide low-salinity brackish water that can be converted into clean process water for the Aurora facility, reducing competition with freshwater used for agriculture and potable supplies, and supporting the company’s collaboration with Saltworks Technologies to process lithium brine into concentrated lithium chloride for conversion into lithium chemicals, marking a cost-effective step toward scaling up commercial production and strengthening its operational footprint in the province.
The most recent analyst rating on (TSE:EMPS) stock is a Hold with a C$0.90 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. The company employs direct lithium extraction (DLE) technologies and holds over 205,000 net acres of subsurface dispositions and strategic wellbores, positioning it within the growing market for lithium used in batteries and energy storage.
Average Trading Volume: 53,254
Technical Sentiment Signal: Buy
Current Market Cap: C$111.7M
For a thorough assessment of EMPS stock, go to TipRanks’ Stock Analysis page.