VANCOUVER, BC, Dec. 24, 2025 – EMP Metals Corp. (CSE: EMPS) (OTCQB: EMPPF) (“EMP Metals” or the “Company“) is glad to announce that it has modified its previous US $3 million loan facility (the “Loan“) with Tembo Capital Holdings Guernsey Limited (“Tembo“) by entering into a convertible loan agreement (the “Convertible Loan Agreement“) with Tembo. As a result, the maturity date of the Loan has been extended from December 31, 2025 to June 30, 2027, unless the parties further extend it, and Tembo is allowed to convert all or any part of the Loan.
According to the terms of the Convertible Loan Agreement, Tembo will have the right to convert any or all of the Loan along with the accrued interest into common shares of the Company (the “Conversion Shares“) at a conversion price of $0.425 per Conversion Share. The Loan will accrue interest at 13.5% per annum on any part of the Principal Sum that the Company owes for as long as the Loan remains unpaid.
The Company has also agreed to pay Tembo an arrangement fee of US$150,000, which will be settled by issuing 485,294 common share purchase warrants of the Company (the “Arrangement Fee Warrants“). Each Arrangement Fee Warrant can be exercised to acquire one (1) common share of the Company at an exercise price of CDN$0.425 per share until two years from the issuance date.
All securities issued under the Convertible Loan Agreement will be subject to resale restrictions for a period of four months from the issuance date.
About EMP Metals
EMP is a Canadian lithium exploration and development company that focuses on large – scale resources using direct lithium extraction (DLE). Currently, EMP holds over 205,000 net acres (83,000 hectares) of Subsurface Dispositions and strategic wellbores in Southern Saskatchewan.
For more information, please visit the Company’s website at .
Forward – Looking Statements
The information presented in this news release includes forward – looking statements that are based on assumptions as of the date of this news release. These statements reflect the management’s current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. EMP Metals warns that all forward – looking statements are inherently uncertain, and actual performance may be affected by a number of significant factors, many of which are beyond EMP Metals’ control. Such factors include, among others: risks and uncertainties related to EMP Metals’ limited operating history, its ability to obtain sufficient financing to achieve its exploration and development goals for its mineral properties, getting the necessary permits to conduct its activities, and the need to comply with environmental and governmental regulations. Therefore, actual and future events, conditions, and results may differ significantly from the estimates, beliefs, intentions, and expectations expressed or implied in the forward – looking information. Unless required by applicable securities legislation, EMP Metals has no obligation to publicly update or revise forward – looking information.
The Canadian Securities Exchange has neither approved nor disapproved the information in this news release and does not take responsibility for the adequacy or accuracy of this news release.
SOURCE EMP Metals Corp.