Electric Metals (USA) Limited Announces OTCQB Ticker Symbol Change to EMUS and Grants Deferred Share Units to Directors

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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.

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WILMINGTON, DE / ACCESS Newswire / April 1, 2026 / Electric Metals (USA) Limited ("Electric Metals" or the "Company") (TSXV:EML)(OTCQB:EMUS) today announced that its common shares are now quoted on the OTCQB under the ticker symbol EMUS, replacing the previous ticker EMUSF.

The ticker update was processed by the Financial Industry Regulatory Authority ("FINRA") following the Company's redomicile to the United States, resulting in the removal of the "F" suffix previously used to designate foreign issuers.

"Our OTCQB ticker, EMUS, reflects our transition to a U.S.-domiciled company and our focus on building a fully domestic manganese supply chain powering the electrification of everything-from batteries to defense and advanced manufacturing," said Brian Savage, CEO of Electric Metals.

The Company's listing on the TSX Venture Exchange remains unchanged under the symbol "EML".

In addition, the Company announces that it has granted an aggregate of 318,429 Deferred Share Units ("DSUs") to the non-executive members of its Board of Directors on March 31, 2026.

The DSUs were granted under the Company's Omnibus Equity Incentive Plan, which was approved by shareholders on September 4, 2025, as subsequently amended and restated to comply with applicable U.S. tax requirements and Delaware corporate law. The DSUs were issued in respect of directors' fees for the calendar quarter ended March 31, 2026.

About Electric Metals (USA) Limited

Electric Metals (USA) Limited (TSXV:EML)(OTCQB:EMUS) is a U.S.-domiciled critical minerals and advanced materials company developing the North Star Manganese Project to support the electrification of everything. The Company's principal asset is the Emily manganese deposit in Minnesota, the highest-grade manganese deposit in North America. The North Star Manganese Project is a 100% U.S. domestic project, comprising a manganese mine in Emily, Minnesota, and a high-purity manganese sulfate monohydrate (HPMSM) chemical plant in the U.S. It has been the subject of extensive technical work, including a Preliminary Economic Assessment prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Electric Metals' mission is to establish a fully domestic U.S. supply of high-purity manganese chemical and metal products for the North American electric vehicle and energy storage battery, defense, technology, and industrial markets. With manganese playing an increasingly important role in lithium-ion battery formulations, and with no current domestic production in North America, the development of the North Star Manganese Project represents a strategic opportunity for the United States, the State of Minnesota, and the Company's shareholders.

For further information, please contact:

Electric Metals (USA) Limited
Brian Savage
CEO & Director
(303) 656-9197

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is generally identifiable by words such as "believes," "expects," "plans," "intends," "may," "will," "could," "estimates," "anticipates," "projects," "targets," "potential," and similar expressions, and the negative of such expressions.

Forward-looking information in this news release includes, but is not limited to, statements regarding: the Company's mission and strategy to establish a fully domestic U.S. supply of high-purity manganese chemical and metal products; the advancement, development, permitting, financing, and potential future operation of the North Star Manganese Project, including associated mining and processing facilities in the United States; the anticipated benefits of the Company's U.S.-domiciled corporate structure; and the intended alignment of the interests of the Company's directors with those of shareholders through the grant of deferred share units under the Company's equity incentive plans.

Forward-looking information is based on management's reasonable assumptions, estimates, analysis, and opinions as of the date of this news release, including, without limitation, assumptions regarding: the continued effectiveness of the Company's Delaware corporate structure; the availability of financing on reasonable terms; the receipt of required permits, approvals, and authorizations; commodity prices; exchange rates; availability and cost of power, reagents, labor, and infrastructure; and the Company's ability to execute its business strategy and advance its projects in a timely manner.

Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. These risks include, but are not limited to: risks inherent in mineral exploration and development; risks related to permitting, metallurgical test work, processing, and infrastructure; changes in laws, regulations, or policies affecting U.S.-domiciled issuers or critical minerals projects; the ability to secure financing, offtake arrangements, or strategic partnerships; commodity price and foreign exchange volatility; and general economic, market, and geopolitical conditions.

If and to the extent this news release references a Preliminary Economic Assessment ("PEA") for the North Star Manganese Project, readers are cautioned that the PEA is preliminary in nature, includes Indicated and Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be classified as Mineral Reserves, and there is no certainty that the PEA will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on forward-looking information.

All forward-looking information in this news release is qualified in its entirety by this cautionary statement. The Company disclaims any obligation to update or revise any forward-looking information, except as required by applicable law.

SOURCE: Electric Metals (USA) Limited

View the original press release on ACCESS Newswire

FAQ

Why did Electric Metals change its OTCQB ticker to EMUS on April 1, 2026?

The company changed its OTCQB ticker to EMUS to reflect its U.S. redomicile. According to Electric Metals, FINRA processed the update and the removal of the "F" suffix denotes the company is no longer a foreign issuer.

Does Electric Metals retain its TSX Venture symbol after the OTCQB ticker change?

Yes, Electric Metals continues to trade on the TSX Venture under EML. According to Electric Metals, the TSX Venture listing remains unchanged despite the OTCQB ticker update.

How many Deferred Share Units did Electric Metals grant to directors on March 31, 2026?

Electric Metals granted 318,429 DSUs to non-executive directors on March 31, 2026. According to Electric Metals, the DSUs were issued under its Omnibus Equity Incentive Plan for directors' fees for the quarter ended March 31, 2026.

Under what plan were the DSUs granted and when was it approved?

The DSUs were granted under the company's Omnibus Equity Incentive Plan, approved September 4, 2025. According to Electric Metals, the plan was later amended and restated to comply with U.S. tax requirements and Delaware law.

What does removal of the "F" suffix from EMUSF to EMUS mean for shareholders?

Removal of the "F" suffix indicates the company is now U.S.-domiciled rather than foreign. According to Electric Metals, FINRA processed the ticker change after the redomicile, reflecting domestic issuer status on OTCQB.

Will the DSU grants on March 31, 2026 dilute existing shareholders of EMUS?

The announcement does not quantify dilution or share issuance impacting shareholders. According to Electric Metals, 318,429 DSUs were granted under the equity plan, but no conversion or dilution figures were provided in the notice.