EMP Metals receives authorization for up to $4.27 million in transferable royalty tax credits from Saskatchewan's Critical Minerals Program by the government of Saskatchewan.
Saskatchewan Government Approves Funding for EMP Metals' Lithium Project
The Government of Saskatchewan has approved Canadian-based lithium exploration and development company, EMP Metals Corp., to receive up to $4,270,000 in transferable royalty and freehold production tax credits through the Critical Minerals Innovation Incentive (SCMII).
EMP Metals Corp., which focuses on large-scale resources using direct lithium extraction (DLE), will use the funding to support the development of their lithium refining demonstration plant in southeast Saskatchewan, known as Project Aurora. This project is a joint initiative between EMP Metals Corp. and Saltworks Technologies Inc.
Project Aurora involves building and operating a small-scale lithium refining demonstration facility to innovate and prove out a model for larger, commercial-scale lithium production in the future. Benjamin Sparrow, CEO of Saltworks Technologies, expressed excitement about collaborating with EMP Metals to demonstrate next-generation lithium extraction technologies.
Energy and Resources Minister Colleen Young stated that Project Aurora will help strengthen Saskatchewan’s position as a reliable supplier of critical minerals. The province launched 'Securing the Future: Saskatchewan's Critical Minerals Strategy' in 2023 to foster sector growth. Saskatchewan continues to be ranked as Canada's top jurisdiction for mining investment.
Karl Kottmeier, CEO of EMP Metals, expressed appreciation for the Saskatchewan government’s approval of the SCMII funding. EMP Metals Corp. holds over 205,000 net acres (83,000 hectares) of Subsurface Dispositions and strategic wellbores in Southern Saskatchewan.
However, it should be noted that the exact date of the SCMII's adoption is not specified. For more detailed information, it is recommended to consult the official Government of Saskatchewan website or press releases. The original content of the news release can be found on Canada Newswire.
The news release contains forward-looking statements, which are inherently uncertain and may differ materially from actual performance. EMP Metals Corp.’s operations are subject to risks and uncertainties, including limited operating history, financing, permits, and compliance with environmental and governmental regulations. EMP Metals Corp. undertakes no obligation to publicly update or revise forward-looking information.
The Canadian Securities Exchange has neither approved nor disapproved the information contained in the news release. For further information, please visit EMP Metals Corp.'s website or contact the company directly.
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