Electric Metals USA Ltd Stock Price, News & Analysis

Electric Metals (EMUSF) has signed a marketing agreement with NAI Interactive running from January 1, 2025 to January 2, 2026. Under the agreement, NAI will translate EML's promotional and public disclosure materials into Mandarin and traditional Chinese, distributing them to over 30,000 members through the NAI 500 platform.

The company has paid a one-time fee of CAD $20,000 for these marketing services. Gilbert Chan, NAI's President, is an EML shareholder through a previous private placement. The agreement is pending TSX Venture Exchange approval.

Electric Metals USA (TSXV:EML, OTCQB:EMUSF) welcomes a new Executive Order titled 'Immediate Measures to Increase American Mineral Production.' The order aims to expand domestic mining and processing of critical minerals through expedited permitting, federal land prioritization, and Defense Production Act support.

The order requires federal agencies to identify priority projects for immediate regulatory approval, reinforcing the strategic importance of the company's Emily Manganese Project in Minnesota - North America's highest-grade manganese deposit. The project is positioned as a potential domestic source for manganese, essential for EV batteries, energy storage, steelmaking, and defense applications.

CEO Brian Savage emphasized the project's alignment with the Executive Order's goals, highlighting its potential to reduce U.S. dependence on foreign manganese supply. The company aims to become a low-cost producer of domestically sourced, high-purity, battery-grade manganese products, including HPMSM, for the EV battery and energy storage sectors.

Electric Metals USA (EMUSF) has donated a high-grade manganese sample from its Emily Manganese Deposit in Minnesota to the Royal Ontario Museum (ROM). The sample, containing 52.0% Manganese (Mn) / 64.2% Manganese Oxide (MnO), represents North America's highest-grade manganese deposit.

The specimen was collected during drilling operations at hole NSC-23002A on February 22, 2023, from an interval of 230.4-232.5 ft. The donation ceremony took place on March 3, 2025, during the Prospectors and Developers Conference in Toronto, with Dr. Henry Sandri, EML Director, presenting the sample to Katherine M. Dunnell, ROM's Manager of Collections Care.

The Emily Manganese Deposit is positioned to become a source of domestically produced, high-purity, battery-grade manganese products, including HPMSM, for electric vehicle battery and energy storage sectors.

Electric Metals USA (EMUSF) has announced positive interim results from its Preliminary Economic Assessment (PEA) for the Emily Manganese Project in Minnesota. The study, conducted by Forte Dynamics, reveals promising mining efficiency metrics:

The selected underhand cut-and-fill underground mining method is expected to achieve:

• 88% extraction of estimated resources
• 89% recovery of contained manganese

The Emily Project is confirmed as North America's highest-grade manganese resource. The mining approach was chosen based on geotechnical testing by RESPEC Engineering, offering advantages in selective mining, high ore extraction, low ore dilution, and the ability to reuse waste rock as backfill. The PEA completion is expected in Q2 2025, followed by a Pre-Feasibility Study focusing on developing a processing facility for battery-grade high-purity manganese sulfate monohydrate (HPMSM).

Electric Metals (USA) (TSXV:EML)(OTCQB:EMUSF) has completed the final closing of its non-brokered private placement, issuing 5,837,000 common shares at $0.10 per share, raising gross proceeds of C$583,700. No finder's fees were paid for this offering.

Notably, company directors subscribed for 3,737,000 shares, representing C$373,700 of the total placement. This insider participation constitutes a 'related party transaction' under Regulation 61-101, but qualified for exemptions from formal valuation and minority approval requirements as the transaction value was below 25% of the company's market capitalization.

Electric Metals USA (OTCQB:EMUSF) has initiated a Preliminary Economic Assessment (PEA) for its Emily Manganese Project in Minnesota, conducted by Forte Dynamics. The PEA, scheduled for completion in Q2 2025, will evaluate the project's technical and economic viability, including production potential, mining methods, and infrastructure requirements.

The project, recognized as North America's highest-grade manganese deposit, aims to establish a domestic supply of high-purity manganese for U.S. national security and energy infrastructure. Recent progress includes completed comprehensive data review, gap analysis, and accelerated technical studies.

Key milestones include advanced geological analysis, technical assessments of underground mining methods, processing flowsheet development, and infrastructure planning. The PEA will provide important financial metrics including NPV, IRR, and payback period, while incorporating environmental stewardship and sustainability considerations throughout the development process.

Electric Metals (USA) (TSXV:EML)(OTCQB:EMUSF) has announced a 30-day extension for closing the second and final tranche of its non-brokered private placement. The offering aims to issue up to 10,000,000 common shares at CAD$0.10 per share, targeting maximum gross proceeds of CAD$1,000,000.

The company previously closed the first tranche on December 13, 2024, issuing 5,837,000 common shares at $0.10 per share, raising gross proceeds of C$583,700. The final closing and TSX Venture Exchange documentation acceptance is expected by February 12th, 2025.

Electric Metals (USA) (TSXV:EML)(OTCQB:EMUSF) has completed the first tranche of its non-brokered private placement, raising C$583,700 through the issuance of 5,837,000 common shares at $0.10 per share. The company has received a 30-day extension from the TSXV to close a second tranche, extending the deadline from December 13, 2024, to January 13, 2025.

Company directors subscribed for 3,737,000 shares totaling C$373,700, constituting a related party transaction. This insider participation fell below 25% of the 's market capitalization, qualifying for exemptions from formal valuation and minority approval requirements under Regulation 61-101.

Electric Metals (USA) (TSXV:EML)(OTCQB:EMUSF) announces a non-brokered private placement offering of up to 10,000,000 common shares at CAD$0.10 per share, aiming to raise maximum gross proceeds of CAD$1,000,000. The proceeds will fund the Emily Manganese Project initiatives, including a mine scoping study, HPMSM plant studies, environmental baseline work, and working capital. The offering is expected to close around November 29, 2024, subject to TSXV approval. Company insiders may participate in the offering, which would constitute a related party transaction under MI 61-101.