ROK Resources (ROK.V) Update - Feb 5

[dan_s]

If you still own ROK.V you need to attend tomorrow's EPG webinar that is being hosted by EMP Metals Corp.

Why? On September 23rd announced a "Plan of Arrangement", which will sell of ROK's oil and gas assets and transfer their equity in EMP Metals to a "SpinCo". If own ROK.V on the date the Plan of Arrangement closes, you will become a shareholder of SpinCo, whose only asset will be equity in EMP Metals.

Two paragraphs are from the September 23rd press release:

Prior to the close of the Transaction, ROK will transfer all 18,925,000 common shares ("EMP Metals Shares") that it holds in EMP Metals Corp. ("EMP Metals"), representing a 16.47% equity ownership position (undiluted) in EMP Metals to SpinCo., which as part of the Arrangement, the SpinCo shares will be issued to the existing ROK Shareholders pro rata their shareholdings in ROK as of the closing of the Arrangement at a deemed value of $0.037 per SpinCo Share based on EMP Metal's closing price of $0.425 on September 22, 2025, which is the day prior to the date of the Arrangement Agreement. < EMPS share price has increased ~80% since September 23rd, so this is significant increase in the value of ROK.V

SpinCo will be subject to the same escrow trading restrictions on the EMP Metals Shares that ROK was and which provides for: (i) a release from escrow of 50% of the EMP Metals Shares on September 18, 2026, and (ii) the remaining 50% of the EMP Metals Shares will be released from escrow on September 18, 2027. SpinCo will be a private company at closing of the Arrangement, but it intends to seek liquidity through a sale of the EMP Metals Shares, following the escrow release provisions above, or a monetization event of these securities. The Board of Directors of SpinCo will be comprised of Mr. Bryden Wright, Mr. Jared Lukomski, and Mr. Peter Yates.
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You must register on the EPG website if you want to attend tomorrow's webinar. The webinar is open to non-members. You just need to sent an email to Sabrina at energyprospectus@gmail.com and she will register you and send you a Zoom link.

I told all of you that it would take time for the ROK transaction to play out and to hang tough. Now you know why.

[dan_s]

EMP Metals Corp. (CSE: EMPS) (OTCQB: EMPPF) is a Canadian-based lithium exploration and development company focused on unlocking large-scale brine resources using direct lithium extraction (DLE) on its two flagship projects, Viewfield and Mansur, in the lithium-rich brines of the Duperow Formation, located in Saskatchewan.

EMP holds over 205,000 acres (83,000 hectares) of Subsurface Mineral Crown Dispositions and strategic wellbores in Saskatchewan, a region known for its significant mineral endowment of critical minerals, world-class geology, existing oil and gas infrastructure, skilled local workforce and supportive regulatory framework to lead the charge in the transition to a sustainable energy future.

The company is led by seasoned professionals and a highly experienced project technical team with deep experience in natural resources, oil & gas, and commercial negotiation—positioning EMP for operational success and key player to meet the growing global demand for lithium, which is critical to powering the future of electric vehicles, energy storage, and clean technologies.

EMP, in partnership with Saltworks Technologies Inc., is developing a demonstration plant under Project Aurora, aimed at commercializing lithium extraction from its brine resources and signaling a move toward scalable production to address the anticipated lithium supply shortage.