Electric Metals USA Ltd Stock Price, News & Analysis

Electric Metals (OTCQB:EMUSF) has signed a Memorandum of Understanding with Lucid Group as part of the newly formed Minerals for National Automotive Competitiveness (MINAC) initiative. This strategic collaboration aims to reduce U.S. dependence on foreign critical minerals in the automotive supply chain.

The initiative aligns with the Presidential Executive Order on critical minerals and includes other key players such as Alaska Energy Metals Corporation, Graphite One Inc., and RecycLiCo Battery Materials Inc. Electric Metals plans to provide domestic high-purity manganese products for both civilian and defense applications. The collaborative's formal launch includes a panel discussion featuring Arizona Governor Katie Hobbs and other political figures in Washington, D.C.

Electric Metals (OTCQB:EMUSF), focused on becoming a leading producer of high-purity manganese products from North America's highest-grade manganese deposit in Emily, Minnesota, has announced a leadership change. Brian Savage, the company's current CEO, has been appointed as Corporate Secretary, effective immediately.

The appointment follows the resignation of Valerie Kimball from the Corporate Secretary position. Mr. Savage will maintain his role as CEO while taking on the additional responsibilities of Corporate Secretary, aiming to ensure continuity in corporate governance and compliance activities.

Electric Metals (EMUSF) announced the mutual termination of its business consulting services agreement with Terrella Capital, which was originally established on April 15, 2025. The termination became effective on May 27, 2025. As part of the termination agreement, the previously planned grant of 250,000 stock options to Terrella Capital has been cancelled and will not be issued.

Electric Metals (USA) Limited (OTCQB:EMUSF) has successfully closed a non-brokered private placement, raising C$1.09 million through the issuance of 9,099,999 units at C$0.12 per unit. Each unit includes one common share and half a warrant, with each full warrant exercisable at C$0.20 for 18 months. The proceeds will fund the advancement of the Emily Manganese Project in Minnesota, focusing on developing domestic supply of high-purity manganese products for the U.S. EV battery sector. The funds will specifically support the preliminary economic assessment, technical and environmental studies, and development of a planned HPMSM facility. Canaccord Genuity Corp. received a 1% commission of $3,300 and 27,500 Finders' Warrants for their role in the offering.

Electric Metals (EMUSF) has announced a non-brokered private placement offering to raise up to CAN$1.2 million through the issuance of 10 million units at CAN$0.12 per unit. Each unit comprises one common share and half of a warrant, with each whole warrant exercisable at CAN$0.20 per share within 18 months of issuance. The proceeds will fund key initiatives including a preliminary economic assessment of the Emily manganese mine, HPMSM plant studies, environmental baseline work, and general working capital. The offering may involve agents or finders who could receive fees, and the securities will be subject to applicable hold periods.

Electric Metals USA has successfully closed a C$3.0 million non-brokered private placement, spearheaded by notable investors Eric Sprott and Crescat Capital. The company issued 25,000,331 units at C$0.12 per unit, with each unit comprising one common share and half a warrant exercisable at C$0.20 for 18 months.

The funding will advance the Emily Manganese Project in Minnesota, aimed at developing a domestic supply of high-purity manganese sulfate monohydrate (HPMSM) for U.S. electric vehicle batteries. This initiative addresses a critical supply chain gap, as 96% of HPMSM is currently produced in China.

The proceeds will support key initiatives including:

• Preliminary economic assessment
• Technical and environmental studies
• HPMSM facility planning
• Working capital needs

Crescat Capital's CEO highlights that HPMSM demand is projected to increase 29x by 2050, positioning Electric Metals' highest-grade manganese deposit in North America as a strategic asset.

Electric Metals USA (TSXV:EML)(OTCQB:EMUSF) responds to President Trump's April 15 Executive Order under Section 232, investigating national security risks from imported critical minerals. The order highlights the strategic importance of the company's Emily Project in Minnesota, which contains North America's highest-grade manganese deposit.

The company plans to produce High-Purity Manganese Sulfate Monohydrate (HPMSM), a important component for lithium-ion batteries used in electric vehicles and grid storage. With China controlling 96% of global HPMSM production, the Executive Order enhances the value of domestic alternatives.

Electric Metals will complete a Preliminary Economic Assessment (PEA) on the Emily Project soon, followed by a Feasibility Study for an integrated mine and HPMSM production facility, aiming to establish a vertically integrated U.S.-based supply chain.

Electric Metals USA (EMUSF) has entered into a 6-month business consulting services agreement with Terrella Capital from April 11, 2025 to October 11, 2025. Under the agreement, Terrella will analyze market interest and monitor capital market sentiment toward Company stock value.

The Company will pay Terrella a monthly fee of $10,000 plus HST. Additionally, subject to TSX Venture Exchange approval, EML plans to grant Terrella 250,000 stock options at $0.20 per share, exercisable for 18 months. The options will vest quarterly in 62,500 installments over 12 months, contingent on Terrella's continued engagement.

Electric Metals (EMUSF) has announced a non-brokered private placement offering of up to 25,000,000 units at CAN$0.12 per unit, aiming to raise gross proceeds of up to CAN$3,000,000.

Each unit consists of one common share and one-half of a non-transferable warrant, with each whole warrant exercisable at CAN$0.20 per share within 18 months of issuance. The proceeds will fund:

• Preliminary economic assessment of Emily manganese mine
• Studies for HPMSM plant
• Environmental baseline work
• Critical research at Emily Manganese Project
• General working capital

Company insiders may participate in the offering, constituting a related party transaction, though expected to be exempt from formal valuation and minority shareholder approval requirements under MI 61-101.