Electric Metals (USA) Limited Announces Private Placement

Electric Metals (USA) Limited (EML), listed on the TSXV and OTCQB, plans a private placement offering of up to 10,000,000 units at CAN$0.12 per unit, aiming to raise CAN$1.2 million. Each unit consists of one common share and a half warrant, with a full warrant enabling acquisition of one share at CAN$0.20 within 18 months. The proceeds will fund initiatives like the economic assessment of the Emily Manganese Project and environmental studies.

EML, focused on the Emily Manganese Project in Minnesota, seeks to support electric vehicle and industrial markets in North America. The offering won't occur in the US due to regulatory constraints. The private placement aligns with EML’s goal to enhance domestic production of manganese and related high-purity chemical products amid North America’s lack of active manganese mines.