Welcome to our dedicated page for Electric Metals USA news (Ticker: EMUSF), a resource for investors and traders seeking the latest updates and insights on Electric Metals USA stock.
News for Electric Metals (USA) Limited (OTCQB: EMUSF) centers on its role as a U.S.-based critical minerals company advancing the North Star Manganese Project in Minnesota and related corporate and financing developments. Company announcements describe the project as a 100% U.S. domestic manganese mine and high-purity manganese sulfate monohydrate (HPMSM) chemical plant concept designed to support the electrification of everything.
Investors following EMUSF news will see updates on technical milestones such as the filing of a NI 43-101 Preliminary Economic Assessment for the North Star Manganese Project, which outlines resource estimates, mine planning assumptions, and economic modeling. The company also issues releases on corporate restructuring steps, including its continuance into British Columbia and subsequent continuance into Delaware, aligning its corporate domicile with its U.S.-based assets.
Another key news theme is capital raising and ownership changes. Electric Metals has reported non-brokered private placements led by investors such as Eric Sprott and Crescat Capital, with proceeds earmarked for technical, environmental, permitting, and corporate initiatives at North Star. Early warning reports and insider status updates appear in connection with these financings.
Additional coverage includes governance and incentive matters, such as shareholder meeting results, approval of an omnibus equity incentive plan, and grants of deferred share units to non-executive directors. The company also reports on preliminary arrangements involving its Corcoran Canyon silver-gold property in Nevada, including a non-binding, non-exclusive memorandum of understanding related to a potential sale.
By monitoring this news feed, readers can track how Electric Metals advances its manganese and silver projects, manages its corporate structure, and pursues financing to support its objective of establishing a domestic U.S. supply of high-purity manganese products.
Electric Metals (TSXV:EML / OTCQB:EMUSF) announced a change of auditor effective February 4, 2026. Baker Tilly WM LLP has ceased to act as auditor and PricewaterhouseCoopers LLP (PwC) was appointed immediately to hold office until the next annual general meeting.
The resignation and appointment were reviewed and approved by the audit committee and board. The company filed a Notice of Change of Auditor and delivered required letters from both firms to securities regulators. The company reported no reportable events under National Instrument 51-102 for Baker Tilly's most recently completed financial year or the subsequent period to the resignation date.
Electric Metals (TSXV:EML / OTCQB:EMUSF) granted 269,808 Deferred Share Units (DSUs) to non-executive directors on January 19, 2025.
The DSUs were issued under the company's Omnibus Equity Incentive Plan, which shareholders approved on September 4, 2025 and was later amended to comply with U.S. tax and Delaware corporate law. The awards relate to directors' fees for the calendar quarter ended December 31, 2025.
Electric Metals (TSXV:EML / OTCQB:EMUSF) completed its continuance to Delaware, becoming a Delaware‑domiciled U.S. corporation with its registered office in Wilmington.
The company adopted a new certificate of incorporation and by‑laws, changed authorized share capital to a fixed maximum of 1,000,000,000 common shares at a par value of US$0.0001, and reported no change to outstanding shares. The continuance was approved by shareholders on September 4, 2025 and the TSX Venture Exchange has given conditional acceptance pending customary filings.
The company said day‑to‑day operations, asset base and reporting status remain unchanged; principal assets include the North Star Manganese Project, Minnesota. Common shares are expected to continue trading on TSXV and remain quoted on OTCQB.
Electric Metals (OTCQB:EMUSF, TSXV:EML) confirmed a recently publicized memorandum of understanding relating to a potential sale of its Corcoran Canyon silver-gold property in Nevada.
The MOU dated December 4 and executed December 5, 2025 is described as non-binding, non-exclusive and cancellable by either party at any time. No payments or obligations arise unless a definitive agreement is executed, and the company said there is no assurance a transaction will be completed.
The company also confirmed the MOU does not constitute a material change in its affairs.
Eric Sprott disclosed that on October 24, 2025 his vehicle, 2176423 Ontario Ltd., bought 3,333,333 Units of Electric Metals (USA) Limited (OTC: EMUSF) at $0.30 per Unit for approximately $1,000,000. Each Unit contains one common share and one-half warrant; whole Warrants permit purchase of a share at $0.45 for 18 months.
Before the purchase he beneficially held 14,393,939 Shares and 4,166,666 Warrants; after the transaction he reported 17,727,272 Shares and 5,833,33 Warrants, representing about 8.8% non-diluted and 11.4% partially-diluted, which rose above 10% and prompted an early warning filing. Securities are held for investment and may be bought or sold in future depending on market conditions.
Electric Metals (OTCQB:EMUSF) closed a non-brokered private placement on October 24, 2025, raising approximately C$4.0 million. The company issued 13,330,000 units at C$0.30 each; each unit includes one share and one-half warrant. Each whole warrant is exercisable for one share at C$0.45 for 18 months. Net proceeds will fund ore characterization, metallurgical test work, an HPMSM scoping study, environmental baseline studies, permitting for the Emily Mine, community outreach, and general corporate purposes.
Cornerstone investors Eric Sprott and Crescat Capital participated; Eric Sprott is now an insider holding ~11.4% on a partially diluted basis. Directors subscribed for 426,666 units (C$127,999.80), treated as a related party transaction with exemptions relied upon under Regulation 61-101.
Electric Metals (OTCQB:EMUSF) announced a non-brokered private placement on October 23, 2025 of up to 13,333,334 Units at CAN$0.30 per Unit to raise up to CAN$4.0 million. Each Unit includes one common share and one-half warrant; each whole warrant exercisable at CAN$0.45 for 18 months.
Proceeds are earmarked for ore characterization, metallurgical and process test work, an HPMSM scoping study, environmental baseline studies, permitting initiation for the Emily Mine, community outreach, North Star Project research, and general corporate purposes. Securities are not registered in the U.S.; insiders may participate as related parties.
Electric Metals (OTCQB:EMUSF) filed an NI 43-101 Preliminary Economic Assessment for the North Star Manganese Project with an effective date of Aug 15, 2025 and issue date Sep 30, 2025.
Key metrics: after-tax NPV(10%) US$1.39B, IRR 43.5%, and initial CapEx US$474.8M. The project combines an underground mine in Emily, Minnesota and a U.S. high-purity manganese sulfate monohydrate (HPMSM) plant. Indicated and Inferred resources underpin the mine plan. Metallurgical test work supports battery-grade HPMSM. Planned next steps include pre-feasibility, flowsheet optimization, drilling, siting, permitting, and environmental studies.
Electric Metals (TSXV:EML / OTCQB:EMUSF) announced it has completed a continuance from a Canada Business Corporations Act corporation into a corporation governed by the Business Corporations Act (British Columbia), effective following shareholder approval on September 4, 2025.
The company received conditional acceptance from the TSX Venture Exchange; final acceptance requires customary filings. The continuance does not change daily operations, authorized share capital, share rights, or trading on TSXV and OTCQB. Management says the move increases corporate-law flexibility and aligns with TSXV peer practices, and may enable a future continuance to Delaware subject to regulatory, tax and legal steps.
Electric Metals USA (OTCQB:EMUSF) has announced the grant of 310,845 Deferred Share Units (DSUs) to its non-executive Board members. The DSUs were issued on September 30, 2025, under the company's recently approved Omnibus Equity Incentive Plan. These units were granted as compensation for directors' fees for the quarter ending September 30, 2025.
FAQ
What is the current stock price of Electric Metals USA (EMUSF)?
What is the market cap of Electric Metals USA (EMUSF)?
