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Electric Metals (USA) Limited reports developments tied to its U.S.-domiciled critical minerals business and the North Star Manganese Project. Company updates cover the Emily manganese deposit in Minnesota, the planned domestic manganese mine and HPMSM chemical plant, and technical work supporting the project.
Electric Metals news also includes public-company and security-structure matters, including the OTCQB ticker change to EMUS following its U.S. redomicile. Other recurring categories include material agreements, capital-structure disclosures, governance matters such as Deferred Share Unit grants to directors, and operating and financial results.
Electric Metals (TSXV:EML, OTCQB:EMUS) granted 468,643 Deferred Share Units (DSUs) to non-executive directors as of June 30, 2026, under its Omnibus Equity Incentive Plan, approved September 4, 2025. The DSUs relate to directors' fees for Q2 2026 and aim to align directors' interests with shareholders.
Electric Metals (OTCQB:EMUS) reported ore sorting assessment results for the Emily Manganese Deposit at its North Star Manganese Project in Minnesota.
Simulated XRF-based sorting upgraded drill core from an average 8.2% Mn to 17.5% Mn while recovering about 92% of contained manganese and rejecting roughly 57% of material before processing. Bulk sorting scenarios, higher-grade concentrate options and strong XRF–assay correlation support further engineering and economic evaluation.
Electric Metals (OTCQB:EMUS) launched a Preliminary Economic Assessment for downstream HPMSM and EMM processing facilities tied to its North Star Manganese Project. The study, led by Hargrove Engineers & Constructors, will define a U.S. Gulf Coast plant producing 100,000 t/y HPMSM and 10,000 t/y EMM.
The work builds on a prior North Star PEA indicating a post-tax NPV10% of US$1.39 billion, a 43.5% after-tax IRR, and a 23‑month payback. The scope includes process design, layouts, and a ±50% TIC estimate, with evaluation of a potential expansion to 200,000 t/y HPMSM.
Electric Metals (TSXV:EML / OTCQB:EMUS) announced planned multi-channel investor outreach across North America and Europe, subject to TSX Venture Exchange acceptance. The Company signed a 12-month consulting contract with Euroswiss for CAD 90,000 (paid CAD 22,500 quarterly) and a 6-month agreement with Northern Venture Group at C$3,000 monthly.
All services require prior TSXV approval and pre-approval of public materials; providers confirmed compliance with applicable securities laws and TSXV/OTCQB policies.
Electric Metals (OTCQB: EMUS) announced its OTCQB quotation now uses the EMUS ticker, replacing EMUSF after a U.S. redomicile and FINRA processing. The company’s TSX Venture listing remains EML.
Electric Metals also granted 318,429 Deferred Share Units (DSUs) to non-executive directors on March 31, 2026 under its Omnibus Equity Incentive Plan, approved September 4, 2025 and amended for U.S. tax and Delaware law; the DSUs cover directors' fees for the quarter ended March 31, 2026.