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EMP Metals
(EMPS)
EMP Metals (EMPS) vs. iShares MSCI Canada ETF (EWC)
EMP Metals Business Overview & Revenue Model
EMP Metals Financial Statement Overview
| Breakdown | Jul 2025 | Jul 2023 | Jul 2022 | Jul 2021 | Apr 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -2.80M | -801.00K | -1.89M | -680.00K | -112.00K |
| Net Income | -4.32M | -2.73M | -2.37M | -3.67M | -112.00K |
Balance Sheet | |||||
| Total Assets | 37.88M | 33.46M | 17.82M | 589.94K | 634.86K |
| Cash, Cash Equivalents and Short-Term Investments | 2.42M | 7.79M | 1.47M | 265.87K | 324.86K |
| Total Debt | 4.18M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 5.67M | 290.91K | 251.35K | 45.14K | 19.66K |
| Stockholders Equity | 32.20M | 30.66M | 12.51M | 544.80K | 615.20K |
Cash Flow | |||||
| Free Cash Flow | -10.65M | -5.43M | -1.56M | -1.69M | -326.01K |
| Operating Cash Flow | -1.83M | -3.12M | -1.02M | -1.42M | -121.02K |
| Investing Cash Flow | -9.11M | -2.31M | -166.57K | -353.48K | -205.00K |
| Financing Cash Flow | 5.54M | 9.27M | 2.38M | 1.71M | 572.78K |
EMP Metals Technical Analysis
EMP Metals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$85.61M | -15.83 | -27.31% | ― | ― | -3.73% | |
53 Neutral | C$160.99M | -4.07 | -369.28% | ― | ― | 34.55% | |
52 Neutral | C$94.52M | -11.45 | -57.23% | ― | ― | ― | |
48 Neutral | C$100.01M | -21.17 | -41.14% | ― | ― | 42.42% | |
45 Neutral | C$68.49M | -15.00 | -14.82% | ― | ― | -39.00% | |
42 Neutral | C$51.12M | -37.37 | -72.41% | ― | ― | -14.77% |
EMP Metals Corporate Events
EMP Metals Corp. and its Project Aurora partner Saltworks Technologies hosted Saskatchewan Energy and Resources Minister Chris Beaudry at Saltworks’ Richmond, B.C. headquarters, showcasing commercial-scale engineering, manufacturing, and lithium refining capabilities. The visit highlighted the role of Project Aurora, a multi-million-dollar demonstration program, in validating scalable lithium refining technology to advance Canada’s lithium brine resources.
Minister Beaudry underscored Saskatchewan’s support for innovative critical minerals projects that attract investment, create jobs, and bolster the province’s emerging lithium industry. EMP Metals and Saltworks framed Project Aurora as a key platform to de-risk modular industrial water and lithium refining systems ahead of broader commercialization, with backing from the Saskatchewan Critical Minerals Innovation Incentive signaling strong provincial commitment to the sector’s development.
EMP Metals highlighted the rapid growth of its key partner, Saltworks Technologies, which has been recognized among the fastest-growing technology companies in Canada and North America, driven by strong revenue expansion between 2021 and 2024. Saltworks, a Richmond, B.C.-based specialist in industrial water treatment and lithium refining systems, supplies patented technologies to global blue-chip clients in sectors including semiconductors, automotive, and battery manufacturing, underpinning its expanding role in clean technology.
The partnership between EMP Metals and Saltworks centers on Project Aurora, described as Canada’s first lithium brine-to-battery refinery in Saskatchewan, where Saltworks’ Gen-II direct lithium extraction technology is expected to play a pivotal role. The accolades for Saltworks bolster the credibility and technological foundation of Project Aurora, potentially strengthening EMP Metals’ competitive positioning in the Canadian lithium value chain and signaling growing industrial and investor confidence in advanced DLE-based lithium projects.
EMP Metals has begun re-entry operations on an existing brackish water well near its Project Aurora Demonstration Plant in Southern Saskatchewan, using a service rig to isolate the upper wellbore, perforate the target interval, and swab at high rates to secure water samples and establish a sustained fluid level over an estimated 10-day program. Results from this work are intended to support cost-effective identification of additional low-salinity brackish water sources and feed the design and optimization of Project Aurora’s wellhead-connected, continuous-flow, modular hub-and-spoke lithium extraction and refining model, a joint initiative with Saltworks Technologies that aims to de-risk future investments and underpin a 3,000+ tonne-per-year repeatable commercial refinery for EMP Metals.
The most recent analyst rating on (TSE:EMPS) stock is a Hold with a C$0.80 price target. To see the full list of analyst forecasts on EMP Metals stock, see the TSE:EMPS Stock Forecast page.
EMP Metals Corp. has secured key provincial permits to re-enter and test a brackish water well near its Project Aurora Demonstration Plant in southeastern Saskatchewan, with groundwork underway and a service rig being mobilized to start operations next week. The company also began trading on Germany’s Tradegate Exchange to broaden its European and international investor base, complementing existing listings in Canada, the United States and Frankfurt, while advancing Project Aurora with Saltworks Technologies to refine a modular, continuous-flow lithium extraction and refining model designed to cut costs, improve performance and de-risk future large-scale commercial development.
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.
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.
EMP Metals Corp. has secured a listing on the Frankfurt Stock Exchange under the symbol 9ST, adding to its existing listings on the Canadian Securities Exchange and the OTCQB, a move aimed at broadening its investor base in Europe as it approaches completion of its Project Aurora demonstration plant. The company also granted 1.5 million stock options to directors, officers, employees and consultants at an exercise price of C$0.67, and launched substantial marketing initiatives via Machai and IRP Holdings Corporation to run multi-platform digital and investor awareness campaigns, signaling an aggressive push to raise its capital markets profile and attract new shareholders across North American, European and Asia-Pacific markets.
The most recent analyst rating on (TSE:EMPS) stock is a Hold with a C$0.67 price target. To see the full list of analyst forecasts on EMP Metals stock, see the TSE:EMPS Stock Forecast page.
EMP Metals Corp. has secured a listing on the Frankfurt Stock Exchange under the symbol 9ST, adding to its existing Canadian Securities Exchange and OTCQB listings in a move aimed at broadening its investor base, particularly in Europe, as it nears completion of its Project Aurora demonstration plant. The company also granted 1.5 million stock options to directors, officers, employees and consultants, and signed separate marketing agreements with Machai and IRP Holdings Corporation for multi-platform digital and investor awareness campaigns totaling C$400,000 plus GST and US$100,000 respectively, underscoring an aggressive push to enhance market visibility and support its capital markets profile as it advances its lithium exploration and development strategy.
EMP Metals Corp. has closed an amended US$3 million convertible loan agreement with Tembo Capital that extends the loan’s maturity to June 30, 2027 and allows Tembo to convert principal and accrued interest into common shares at C$0.425 per share, with interest set at 13.5% annually. As part of the deal, Tembo received 485,294 common share purchase warrants as an arrangement fee, bringing its combined holdings with an affiliate to 23,858,680 shares, 2,783,294 warrants and the convertible loan, representing about 19.63% ownership on a non-diluted basis and roughly 24.59% on a partially diluted basis; the transaction underscores Tembo’s role as a key strategic investor and provides EMP Metals with increased financial flexibility to advance its lithium exploration and development activities.
EMP Metals Corp. has amended its existing US$3 million loan facility with Tembo Capital Holdings by converting it into a convertible loan agreement, extending the loan’s maturity from December 31, 2025 to June 30, 2027 and granting Tembo the right to convert any or all of the principal and accrued interest into common shares at a price of $0.425 per share. The loan will bear interest at 13.5% annually while outstanding, and as part of the revised terms EMP Metals will pay Tembo an arrangement fee of US$150,000 via 485,294 common share purchase warrants exercisable at C$0.425 for two years, a structure that strengthens the company’s near- to medium‑term financing flexibility while introducing potential equity dilution as Tembo gains an option to increase its equity stake.