on Electric Metals (USA) Limited (isin : CA64145K1075)
Executive Order Highlights Strategic Role of Electric Metals' Manganese Project
Electric Metals (USA) Limited praised an Executive Order from President Donald Trump dated April 15, which emphasizes the national security risks linked to the U.S.'s reliance on imported processed critical minerals. The directive underlines the importance of securing domestic production of strategic materials, such as manganese.
Electric Metals is advancing what is said to be North America's highest-grade manganese deposit at its Emily Project in Minnesota. The company's goal is to become a key producer of high-purity manganese chemical and metal products, especially vital to sectors such as electric vehicles and national defense.
The Executive Order could potentially enhance the strategic and commercial value of domestic manganese production alternatives. Notably, this aligns with Electric Metals' strategy to create a supply chain based in the U.S. for critical battery materials, potentially reducing the heavy reliance on Chinese HPMSM production.
R. H.
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