Electric Metals (USA) Limited Announces Continuance to British Columbia
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 (TSXV:EML / OTCQB:EMUSF) ha annunciato di aver completato una continuation da una società costituita ai sensi della Canada Business Corporations Act a una società disciplinata dal Business Corporations Act (British Columbia), efficace dopo l'approvazione degli azionisti il 4 settembre 2025.
La società ha ricevuto una accettazione condizionata dalla TSX Venture Exchange; l'accettazione finale richiede le consuete formalità. Il continuamento non modifica le operazioni quotidiane, il capitale sociale autorizzato, i diritti azionari o il trading su TSXV e OTCQB. Il management afferma che la mossa aumenta la flessibilità in materia di diritto societario e si allinea alle pratiche dei peer di TSXV, e potrebbe consentire un futuro continuamento verso Delaware soggetto a passi normativi, fiscali e legali.
Electric Metals (TSXV:EML / OTCQB:EMUSF) anunció que ha completado un continuance desde una corporación regida por la Canada Business Corporations Act hasta una corporación regida por el Business Corporations Act (British Columbia), con efecto tras la aprobación de los accionistas el 4 de septiembre de 2025.
La empresa recibió una aceptación condicional de la TSX Venture Exchange; la aceptación final requiere presentaciones habituales. El continuance no modifica las operaciones diarias, el capital social autorizado, los derechos de las acciones o la negociación en TSXV y OTCQB. La dirección indica que el movimiento aumenta la flexibilidad de la ley corporativa y se alinea con las prácticas similares de TSXV, y podría permitir un futuro traslado a Delaware sujeto a pasos regulatorios, fiscales y legales.
Electric Metals (TSXV:EML / OTCQB:EMUSF)는 캐나다 회사법(Canada Business Corporations Act)에 따라 설립된 법인을 British Columbia의 비즈니스 기업법(Business Corporations Act)에 의해 규율되는 법인으로의 연속화(continuance)를 완료했다고 발표하며, 주주 승인 2025년 9월 4일 이후부터 발효됩니다.
회사는 TSX Venture Exchange로부터 조건부 수락을 받았으며, 최종 수락은 관례적인 제출이 필요합니다. 이 연속화는 일상 운영, 승인된 주식자본, 주식권리 또는 TSXV와 OTCQB에서의 거래를 변경하지 않습니다. 경영진은 이 조치가 기업법의 유연성을 높이고 TSXV 동종업계의 관행과 일치한다고 말하며, 규제, 세무 및 법적 절차가 필요한 경우 향후 델라웨어로의 추가 연속화를 가능하게 할 수 있다고 밝혔습니다.
Electric Metals (TSXV:EML / OTCQB:EMUSF) a annoncé avoir achevé un continuance d'une société constituée sous le Canada Business Corporations Act vers une société régie par le Business Corporations Act (British Columbia), avec effet après l'approbation des actionnaires le 4 septembre 2025.
La société a reçu une acceptation conditionnelle de la TSX Venture Exchange; l'acceptation finale nécessite les formalités habituelles. Le continuance ne modifie pas les opérations quotidiennes, le capital social autorisé, les droits des actions ou la négociation sur TSXV et OTCQB. La direction indique que ce déplacement accroît la flexibilité du droit des sociétés et s'aligne sur les pratiques similaires de TSXV, et pourrait permettre un futur continuance vers le Delaware sous réserve des étapes réglementaires, fiscales et juridiques.
Electric Metals (TSXV:EML / OTCQB:EMUSF) gab bekannt, dass es eine Fortführung von einer nach dem Canada Business Corporations Act organisierten Gesellschaft zu einer Gesellschaft, die durch das Business Corporations Act (British Columbia) geregelt wird, abgeschlossen hat, wirksam nach der Zustimmung der Aktionäre am 4. September 2025.
Das Unternehmen hat eine vorläufige Zustimmung von der TSX Venture Exchange erhalten; die endgültige Zustimmung erfordert übliche Einreichungen. Die Fortführung ändert keine täglichen Operationen, das genehmigte Aktienkapital, Stimmrechte oder den Handel an TSXV und OTCQB. Die Geschäftsführung sagt, der Schritt erhöhe die Flexibilität des Konzernrechts und richte sich nach den Praktiken der TSXV-Derivate, und könne eine zukünftige Fortführung nach Delaware ermöglichen, vorbehaltlich regulatorischer, steuerlicher und rechtlicher Schritte.
Electric Metals (TSXV:EML / OTCQB:EMUSF) أعلنت أنها أكملت الاستمرارية من شركة مُؤسسة وفق Canada Business Corporations Act إلى شركة مُدارة وفق Business Corporations Act (British Columbia)، وتصبح سارية بعد موافقة المساهمين في 4 سبتمبر 2025.
تلقت الشركة قبولاً مشروطاً من TSX Venture Exchange؛ القبول النهائي يتطلب تقديم الإجراءات المعتادة. لا تغيّر الاستمرارية العمليات اليومية، رأس المال المصرح به، حقوق الأسهم، أو التداول على TSXV وOTCQB. تقول الإدارة إن الخطوة تزيد من المرونة في قانون الشركات وتتماشى مع ممارسات نظرائها في TSXV، وقد تتيح استمراراً مستقبلياً إلى Delaware بشريطة اتخاذ خطوات تنظيمية، ضريبية وقانونية.
Electric Metals (TSXV:EML / OTCQB:EMUSF) 宣布已完成从按照 加拿大商业公司法注册的公司向受 不列颠哥伦比亚省商业公司法(Business Corporations Act (British Columbia))监管的公司转变的 continuance，自 2025年9月4日股东批准后生效。
该公司已从 TSX Venture Exchange 获得 有条件接受；最终接受需要按惯例提交。此次 continuance 不会改变日常运营、授权股份资本、股票权利，或在 TSXV 与 OTCQB 的交易。管理层表示，此举提升了公司法方面的灵活性，与 TSXV 同业做法保持一致，并可能在符合监管、税务和法律步骤的前提下，未来将 continuance 延续到 Delaware。
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TORONTO, ON / ACCESS Newswire / October 2, 2025 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) is pleased to announce that it has completed its previously announced continuance (the "Continuance") from a corporation governed by the Canada Business Corporations Act into a corporation governed by the Business Corporations Act (British Columbia) (the "BCBCA").
Following the Continuance, the Company is now a corporation governed by the laws of British Columbia. The Continuance was approved by shareholders at the Company's annual and special meeting held on September 4, 2025.
The Company has received conditional acceptance of the Continuance from the TSX Venture Exchange (the "TSXV"). Final acceptance remains subject to the Company satisfying certain customary filing requirements with the TSXV.
The Continuance does not affect the day-to-day operations of the Company or its business objectives. The authorized share capital of the Company, the rights and restrictions attached to the Company's outstanding common shares, and the trading of the Company's shares on the TSXV and OTCQB remain unchanged.
The Company believes that the Continuance provides increased flexibility under the corporate laws of British Columbia, which TSXV-listed issuers more commonly use. It aligns the Company with standard practices for junior mining companies.
Brian Savage, CEO of Electric Metals, commented: "The completion of our continuance into British Columbia represents an important first step in our corporate restructuring process. This provides us with greater flexibility under Canadian corporate law and aligns us with the practices of other TSXV-listed issuers. Looking ahead, this step also positions us to potentially pursue a continuance into the State of Delaware, subject to regulatory requirements and other customary tax and legal considerations."
About Electric Metals (USA) Limited
Electric Metals (USA) Limited (TSXV:EML)(OTCQB:EMUSF) is a U.S.-based critical minerals company advancing manganese and silver projects that support the clean energy transition. The Company's principal asset is the North Star Manganese Project in Minnesota, the highest-grade manganese deposit in North America. The Project 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 battery, 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" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by words such as "believes," "may," "plans," "will," "anticipates," "intends," "could," "estimates," "expects," "forecasts," "projects," "targets," "potential," and similar expressions, and the negative of such expressions.
Forward-looking information in this release includes, but is not limited to: statements regarding the completion, timing and anticipated effects of the Company's proposed two-step continuance (from the Canada Business Corporations Act to the Business Corporations Act (British Columbia) and, subject to completion of that step, to the Delaware General Corporation Law); the potential benefits of the continuances, including increased flexibility, alignment with the Company's strategic objectives, and enhanced positioning for partnerships, financing and growth; the Company's mission to establish a fully domestic U.S. supply of high-purity manganese products for the electric vehicle, technology and industrial markets; the advancement and strategic importance of the North Star Manganese Project; and the Company's intention to provide further updates as appropriate.
These statements are based on the reasonable assumptions, estimates, analysis and opinions of management as of the date hereof, including, without limitation, assumptions regarding: receipt of all necessary shareholder, stock exchange, regulatory and governmental approvals; the ability to complete the continuances on the anticipated timeline (or at all); the Company's tax residency status and the treatment of continuances under applicable tax laws; general business and economic conditions; the availability of financing on reasonable terms; commodity prices and exchange rates; and the Company's ability to execute its strategy and advance project development.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such forward-looking information. Such risks include, but are not limited to: failure to obtain required approvals; delays or inability to complete the continuances; legal, regulatory or tax changes affecting cross-jurisdictional continuances; potential adverse tax consequences to the Company and/or its shareholders, including the risk of exit taxes, deemed dispositions, changes in tax residency, loss or limitation of tax attributes, or new or additional filing, withholding or payment obligations; risks inherent in mineral exploration and development; risks related to metallurgical test work, processing, permitting and infrastructure; availability and cost of power, reagents, labor and transportation; the ability to secure financing, offtake and strategic partnerships; commodity price and foreign exchange volatility; and general market conditions.
If and to the extent any disclosure herein references the 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 categorized 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, 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 revise or update such forward-looking information or to publicly announce the result of any revisions to reflect future results, events or developments, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Electric Metals (USA) Limited
View the original press release on ACCESS Newswire
FAQ
What did Electric Metals (EMUSF) announce on October 2, 2025?
When did shareholders approve Electric Metals' continuance to British Columbia?
Does the continuance change Electric Metals' shares or trading (TSXV/OTCQB)?
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Why did Electric Metals move to British Columbia under the BCBCA?
Will Electric Metals (EMUSF) pursue a Delaware continuance after this move?
