Led by Eric Sprott and Crescat Capital Electric Metals Ltd. is pleased to announce the closing of its previously announced non-brokered private placement, raising gross proceeds of approximately C$4 million. The financing, led by Eric Sprott and Crescat Capital, will advance the Company's North Star Manganese Project in Minnesota, supporting a critical U.S. domestic supply of high-purity manganese products, including [...]
Electric Metals is pleased to announce its intention to complete a non-brokered private placement of up to 13,333,334 units at a price of CAN$0.30 per Unit for gross proceeds of up to CAN$4 million. Each Unit will consist of one common share in the capital of the Company and one-half of one non-transferable common share purchase warrant. Each whole Warrant will be exercisable to acquire one Share at an exercise price of [...]
Electric Metals announces it has filed on SEDAR+ the National Instrument 43-101 Preliminary Economic Assessment for its North Star Manganese Project, comprising a manganese mine in Emily, Minnesota, and a high-purity manganese sulfate monohydrate chemical plant in the U.S. Prepared by Forte Dynamics, the PEA represents a significant milestone in the Company's strategy to deliver 100% U.S.-sourced high-purity manganese [...]
Electric Metals is pleased to announce that it has completed its previously announced continuance from a corporation governed by the Canada Business Corporations Act into a corporation governed by the Business Corporations Act. Following the Continuance, the Company is now a corporation governed by the laws of BC. The Continuance was approved by shareholders at the Company's annual and special meeting held on Sept 4 [...]
Electric Metals announces that it has granted an aggregate of 310,845 Deferred Share Units to non-executive members of its Board of Directors on Sept 30, 2025. The DSUs were granted under the Company's Omnibus Equity Incentive Plan, which shareholders approved on Sept 4, 2025. They were granted to the Company's non-executive directors in respect of directors' fees relating to the calendar quarter ended September 30, 2025 [...]
Electric Metals is pleased to announce that all matters put forward to shareholders at the Company's annual and special meeting of shareholders held on Sept 4, 2025 were approved. Shareholders voted in favor of the following resolutions: Board Size Fixed at Seven: The number of directors to be elected at the Meeting was fixed at seven. Election of Directors: The Company's board of directors was elected to hold office [...]
Electric Metals is pleased to announce the results of its Preliminary Economic Assessment for the 100% owned North Star Manganese Project in Emily, Minnesota, prepared in accordance with NI 43-101 Standards of Disclosure for Mineral Projects by Forte Dynamics, Fort Collins, Colorado. The PEA demonstrates robust economics, confirming North Star's potential to become the first fully U.S. domestic producer of high-purity [...]
Electric Metals announces the mutual termination of the previously announced option and acquisition agreement with Altair Resources, the Company's intention to pursue strategic partnership opportunities on its Nevada silver assets, and the grant of 3,939,740 Deferred Share Units to members of its Board of Directors. Mutual Termination of Altair Agreement The Company and Altair have mutually agreed to terminate the [...]
Electric Metals is pleased to announce that it has entered into a Memorandum of Understanding with Lucid Group, maker of the world's most advanced electric vehicles, as part of the newly created Minerals for National Automotive Competitiveness , a collaborative aimed at fostering economic growth while reducing U.S. over-reliance on foreign supplies of critical minerals within the automotive supply chain. In accordance [...]
The Minerals for National Automotive Competitiveness Collaboration is designed to advance domestic mineral production and strengthen the U.S.-based automotive supply chain Lucid Group, maker of the world's most advanced electric vehicles, today announced it has joined with critical mineral producers Alaska Energy Metals, Graphite One, Electric Metals, and RecycLiCo, to help accelerate the development of domestic critical [...]
Electric Metals which aims to become a leading producer of high-value, high-purity manganese chemical and metal products from North America's highest-grade manganese deposit in Emily, Minnesota serving the electric vehicle, defense, technology, and industrial sectors to strengthen American manufacturing and advance national security objectives, is pleased to announce that Brian Savage, the Company's Chief Executive [...]
Electric Metals announces that the Company and Terrella Capital Ltd. have mutually agreed to terminate their business consulting services agreement, originally announced on April 15, 2025. The agreement was formally terminated effective May 27, 2025. In connection with the termination, the 250,000 stock options previously contemplated for grant to Terrella under the agreement have been cancelled and will not be issued [...]
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