Vancouver, British Columbia, March 1, 2023 /CNW/- EMP Metals Co., Ltd. (CSE: EMPS) (OTCQB: EMPPF) (“EMP Metals” or “we”)“) entered into a sale and purchase agreement (“PSA”) for its subsidiary Hub City Lithium Corp. (“HCL”) to sell 33 lots (8,498 ha) with Grounded Lithium Corp. (“GLC”) We will announce what we have done.of undeveloped land in kindersley Territory (“Asset”).

The total purchase price of the assets is $425,000 consists of a cash consideration of $175,000 Issuing with $250,000 Based on a 10-day volume-weighted average trading price of GLC’s common stock (the “Shares”), the number of shares to be issued for consideration will represent 945,500 common shares or 1.4% of GLC’s current outstanding common stock. To do. Issued shares are subject to contractual escrow and are released equally at 1/3.^rd Tranches from PSA Closing (“Closing”) into 4, 8 and 12 month anniversaries.

Closing is expected to occur at, or around March 15, 2023subject to certain assumptions.

joint venture

EMP Metals and ROK Resources Inc. (“ROK”) (TSXV: ROK) jointly own HCL and hold 37 permits for underground crown mineral disposal totaling 212,633 net acres (86,050 ha). SaskatchewanEMP Metals holds a 75% interest in HCL, with the remainder owned by ROK.

About EMP Metals

EMP Metals is a Canadian-based exploration company focused on the acquisition and exploration of mineral projects with significant development potential. The Lithium Brine Property’s current portfolio, in partnership with ROK Resources Inc., consists of 37 permits totaling 212,633 acres (86,050 ha) of underground crown mineral disposal in the Williston Basin Southern Saskatchewan.

Forward-Looking Statements

The information contained in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. No guarantee of future performance. EMP Metals acknowledges that all forward-looking statements are inherently uncertain and that actual results may be affected by many important factors, many of which are beyond EMP Metals’ control. I am warning you. Such factors include, among others, EMP Metals’ limited operating history, its ability to raise sufficient funds to carry out its exploration and development objectives with respect to its mineral properties, and the availability of permits required to carry out its activities. Includes risks and uncertainties associated with acquisition and necessity. To comply with environmental and government regulations. Accordingly, actual and future events, circumstances and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required by applicable securities laws, EMP Metals undertakes no obligation to publicly update or revise any forward-looking information.

The Canadian Stock Exchange neither approves nor denies the information contained herein and assumes no responsibility for the adequacy or accuracy of this news release.