Electric Metals USA Ltd Stock Price, News & Analysis

Electric Metals USA (OTCQB:EMUSF) has announced the grant of 310,845 Deferred Share Units (DSUs) to its non-executive Board members. The DSUs were issued on September 30, 2025, under the company's recently approved Omnibus Equity Incentive Plan. These units were granted as compensation for directors' fees for the quarter ending September 30, 2025.

Electric Metals USA (OTCQB:EMUSF) announced the successful completion of its annual and special shareholder meeting on September 4, 2025. Shareholders approved several key resolutions including fixing the board size at seven members, electing directors, appointing Baker Tilly WM, LLP as auditors, and reapproving the equity incentive plan.

Notably, shareholders approved a two-step corporate continuance plan: first from Canada to British Columbia, and subsequently to Delaware, subject to completion of the BC continuance. CEO Brian Savage emphasized that this restructuring aligns with the company's mission to develop a domestic U.S. supply of high-purity manganese products through their North Star Manganese Project (formerly Emily Manganese Project) in Minnesota.

Electric Metals (OTCQB:EMUSF) has announced positive results from its Preliminary Economic Assessment (PEA) for the North Star Manganese Project in Emily, Minnesota. The project demonstrates robust economics with a post-tax NPV10% of US$1.39 billion, an IRR of 43.5%, and a 23-month payback period.

The project aims to become the first fully U.S. domestic producer of high-purity manganese sulphate monohydrate (HPMSM), addressing the country's 100% import reliance on manganese. The PEA outlines a 25-year project life with initial capital expenditure of US$474.8 million, producing an average of 180,331 tonnes of HPMSM annually after expansion.

The Emily Manganese Deposit features 7.6 million tonnes of Inferred Resources at 19.1% Mn and 3.7 million tonnes of Indicated Resources at 17.0% Mn, representing North America's highest-grade manganese deposit.

Electric Metals (OTCQB:EMUSF) announced three key developments: First, the mutual termination of its option and acquisition agreement with Altair Resources for the Nevada silver assets, effective July 25, 2025, with no termination fees. Second, the company is actively seeking new strategic partners for its Nevada precious metal assets, including the Corcoran Canyon Silver-Gold Project (containing 33.5M silver-equivalent ounces) and the Belmont Silver Project.

The Corcoran resource estimate from 2021 used metal prices of $21.09/oz silver and $1,657/oz gold, while current prices are significantly higher at $38.18/oz (+81%) and $3,343.50/oz (+101%) respectively, indicating substantial upside potential. Additionally, the company granted 3,939,740 Deferred Share Units (DSUs) to non-executive board members, vesting over one year and redeemable upon director departure.

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.