EMP Metals Partners with Saltworks to Launch Project Aurora for Lithium Refining

EMP Metals ( (TSE:EMPS) ) just unveiled an announcement.

EMP Metals Corp. has entered into an agreement with Saltworks Technologies to develop a lithium demonstration plant, Project Aurora, at its Viewfield Project in Saskatchewan, Canada. This initiative aims to reduce costs and improve lithium brine extraction and refining, leveraging partnerships and funding to de-risk innovation. The project builds on a successful pilot program and is a significant step towards commercializing EMP Metals’ lithium-brine portfolio. The collaboration with Saltworks is expected to enhance EMP’s operations by establishing a continuous flow, modular Hub and Spoke model for lithium extraction and refining, potentially unlocking performance improvements and cost savings.

Spark’s Take on TSE:EMPS Stock

According to Spark, TipRanks’ AI Analyst, TSE:EMPS is a Underperform.

EMP Metals faces considerable financial challenges, with zero revenue and persistent losses posing significant risks to its viability. While the balance sheet shows strength in equity, the lack of profitability and unsustainable cash flows are concerning. Technical analysis provides no clear direction, and valuation metrics indicate the stock’s unattractiveness due to its financial issues.

To see Spark’s full report on TSE:EMPS stock, click here.

More about EMP Metals

EMP Metals is a Canadian-based lithium exploration and development company focused on large-scale resources using direct lithium extraction (DLE). The company holds a significant acreage of subsurface dispositions and strategic wellbores in Southern Saskatchewan.

Average Trading Volume: 20,142

Technical Sentiment Signal: Sell

Current Market Cap: C$27.58M

Learn more about EMPS stock on TipRanks’ Stock Analysis page.