EMP METALS REPORTS PRELIMINARY ECONOMIC ASSESSMENT ON VIEWFIELD LITHIUM BRINE PROJECT WITH PRE-TAX NPV OF US$1.49B, IRR OF 55% AND PAYBACK OF 2.1 YEARS – EMP Metals (OTC:EMPPF)

VANCOUVER, BC, Jan. 9, 2024 /CNW/ – EMP Metals Corp. EMPS EMPPF (“EMP Metals” or the “Company”) is pleased to announce the highlights of Hub City Lithium Corp.’s (“HCL”) preliminary economic assessment (the “PEA”) on the Viewfield Lithium Brine Project, Saskatchewan. The PEA outlines the estimated production of battery-quality lithium carbonate equivalent (“lithium carbonate” or “LCE”) over a 23-year period, which represents an estimated a pre-tax internal rate of return (“IRR”) of 55% and a pre-tax net present value (“NPV”) of $1.49 billion USD, at an 8% discount rate. Rob Gamley, EMP CEO, commented, “We are very pleased with the results of this Preliminary Economic Assessment. With payback in approximately two years, a 23-year project life and a pre-tax IRR…

Source: Benzinga
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