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Electric Metals (USA) Limited - $EMUSF STOCK NEWS

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Electric Metals (EMUSF) has filed an upgraded NI 43-101 Technical Report for the Emily Manganese Project in Minnesota, confirming it as the highest grade manganese resource in North America. Indicated resources increased by 20.9% to 6.2 million metric tons at a grade of 19.27% manganese, while inferred resources surged by 596.5% to 4.9 million metric tons at a grade of 17.50% manganese. The project saw 29 new drill holes, with 22 showing substantial zones of +25% manganese and 19 with significant intercepts of 35%-50% manganese. Current extraction tests exceed 95% recovery. The report, incorporating data from 2023 and historical drilling, supports the potential for further expansion and high-grade resource development.

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Electric Metals (USA) reports successful results in achieving high manganese extractions above 90% in current metallurgical test work on the Emily manganese deposit. The focus is on developing an optimized flow sheet for the project, with a strong emphasis on producing High Purity Manganese Sulphate Monohydrate (HPMSM) for electric vehicle batteries and other energy storage applications.
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Electric Metals (USA) (EMUSF) announces engagement of ICP Securities for market making services and Senergy Communications for social media management.
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Electric Metals (USA) announces a significant increase in total Indicated and Inferred Resources for the Emily Manganese Project in Minnesota. The Mineral Resource Estimate shows a 20.9% increase in total Indicated Resources to 6.2 million tonnes with a 19.27% manganese grade and a 596.5% increase in Inferred Resource to 4.9 million tonnes with a 17.50% manganese grade. The company plans further drilling and metallurgical testing to optimize resource potential.
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5.86%
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Electric Metals (USA) Limited (EML) has announced an option and acquisition agreement with Altair Resources Inc. for the sale of up to 100% of its Nevada silver assets. The sale proceeds will be a combination of cash, shares, and a multi-year exploration expenditure commitment. Altair will have the right to acquire up to a 100% interest in the assets through the acquisition of EML's subsidiary, North American Silver Corporation, by making payments in cash and common shares of Altair. The sale of the Nevada silver assets will enable EML to focus on developing the high-grade Emily Manganese Project in Minnesota while retaining an economic interest in the Nevada silver assets.
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Electric Metals (USA) Limited announces final assay results from the drilling program at the Emily Manganese Project in Minnesota, USA. The results confirm thick intersections of high-grade manganese extending for over 1,100 meters, with grades up to 46.3% Mn in individual samples. The mineralization shows excellent continuity along trend and at depth.
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Assay results show high manganese grades of up to 45.80% Mn in individual samples. Thick intervals of more than 30% manganese extend at least 300 meters further west. Step-out drilling completed and assays from seven holes expected in coming weeks.
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Electric Metals (USA) Limited appoints Kemetco Research Inc. to conduct metallurgical test work on manganese samples from the Emily Manganese Project. Timothy Arnold joins the Technical Advisory Board. Test work aims to increase manganese grade and produce saleable products for the battery industry. The program is expected to take approximately 14 weeks to complete.
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1.37%
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Electric Metals (USA) Limited announces high-grade manganese assay results from drilling at the Emily Manganese Project in Minnesota, USA. The results show up to 49.2% Mn in individual samples and confirm the extension of high manganese grades towards the west. Step-out drilling to the west has been completed and results are expected in the coming weeks. The high-grade manganese in the eastern portion of the deposit is thinner. The current drilling program has been completed and resource estimation will be completed in late 2023.
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Electric Metals (USA) Limited

OTC:EMUSF

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EMUSF Stock Data

20.09M
83.30M
39.03%
Silver
Basic Materials
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United States of America
Toronto