EMP Metals Corp. announced a private placement to issue 13,519,000 hard-dollar units at an issue price of CAD 0.40 per unit for the gross proceeds of CAD 5,407,600 and 7,500,000 Saskatchewan flow-through units at an issue price of CAD 0.58 per unit for the gross proceeds of CAD 4,350,000; aggregate gross proceeds of CAD 9,757,600 on October 24, 2023. Each HD unit will consist of one common share and three-quarters of one common share purchase warrant.

Each FT unit will consist of one flow-through common share and three-quarters of one warrant to be issued on a non-flow-through basis. Each warrant will be exercisable to acquire one additional common share at an exercise price of CAD 0.60 per warrant share for a period of two years from the date of issue. The company may pay finders a fee consisting of cash and/or warrants.