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Electric Metals (USA) Limited (EMUSF) is a U.S.-based mineral development company with a focus on manganese and silver projects to support the clean energy transition. The company's primary asset is the Emily Manganese Project in Minnesota, recognized for its high-grade manganese deposit. The latest Mineral Resource Estimate, prepared in compliance with NI 43-101, showcases significant grade improvements and extension of resources. The company aims to convert these resources into mineable reserves and optimize metallurgical processes for the production of high-value manganese products essential for electric vehicle batteries. With a strategic mission to address the crucial need for domestic manganese supply in North America, Electric Metals is well-positioned for growth and sustainability in the clean energy sector.
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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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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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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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FAQ
What is the current stock price of ELECTRIC METALS USA (EMUSF)?
The current stock price of ELECTRIC METALS USA (EMUSF) is $0.0625 as of October 15, 2024.
What is the market cap of ELECTRIC METALS USA (EMUSF)?
The market cap of ELECTRIC METALS USA (EMUSF) is approximately 9.8M.
What is Electric Metals (USA) Limited focused on?
Electric Metals (USA) Limited is primarily focused on mineral development projects related to manganese and silver to support the transition to clean energy.
What is the primary asset of Electric Metals (USA) Limited?
The company's primary asset is the Emily Manganese Project in Minnesota, known for its high-grade manganese deposit.
What recent achievement has Electric Metals (USA) Limited announced?
The company filed an upgraded Mineral Resource Estimate highlighting significant improvements in indicated and inferred resources at the Emily Manganese Project.
What is the strategic mission of Electric Metals (USA) Limited?
Electric Metals (USA) Limited aims to become a domestic U.S. producer of high-value manganese products crucial for electric vehicle batteries.
What key role does manganese play in Electric Metals (USA) Limited's projects?
Manganese plays a critical role in lithium-ion battery formulations, making it essential for Electric Metals (USA) Limited's projects supporting the clean energy transition.
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