EMP METALS INCREASES FINANCING TO $2,000,000

EMP Metals Corp. has successfully increased the size of its non-brokered private placement financing to $2 million, up from a previously announced smaller amount, citing strong investor demand as the driving factor. The company will issue up to 4 million units at $0.50 per unit, with each unit consisting of one common share and one warrant exercisable at $0.70 for one year from issuance.

The financing structure demonstrates investor confidence in EMP's lithium development strategy in Saskatchewan, where the company holds over 205,000 net acres of subsurface dispositions and strategic wellbores. The warrant exercise price of $0.70 represents a 40% premium to the unit price, suggesting the company and investors expect meaningful share price appreciation as development progresses.

Proceeds will be allocated toward development costs for EMP's lithium brine properties in Southern Saskatchewan and general working capital. This funding comes at a critical time for lithium development companies as the sector continues to benefit from strong demand fundamentals driven by the energy transition and electric vehicle adoption.

The increased financing size reflects the broader investment appetite for Canadian lithium projects, particularly those utilizing direct lithium extraction technology like EMP's approach. With Saskatchewan emerging as a key jurisdiction for lithium brine development, EMP's substantial land position and this successful financing enhancement position the company well for advancing its projects through the next development phase.