Electric Metals

Industry: Silver

Sector: Basic Materials

Primary metal: Silver

About

Electric Metals (USA) Limited is a U.S. Delaware corporation specializing in the exploration and development of critical mineral assets vital for electrification and advanced technologies. Its primary focus is the Emily manganese deposit, known as North America’s highest-grade NI 43-101 verified manganese resource, located in Emily, Minnesota. This flagship asset underpins the company’s strategy to produce high-purity manganese sulfate monohydrate (HPMSM) and electrolytic manganese metal (EMM) for lithium-ion batteries in electric vehicles, energy storage, defense applications, and industrial uses. A May 2024 resource estimate reports 4.9 million tonnes indicated at 17.5% manganese and 6.2 million tonnes inferred at 19.3% manganese, supporting plans for a 500,000 tonne-per-year underground mine with a 20-year life. The company also owns non-core silver projects in Nevada, including the Corcoran Silver Project with 33.5 million ounces silver-equivalent resources. Electric Metals aims to bolster U.S. supply chain security by reducing reliance on foreign sources, particularly China, which dominates global HPMSM production. Metallurgical tests confirm high extraction rates over 95% using conventional methods, with a Preliminary Economic Assessment underway.

Symbol: EMLExchange: TSXVCurrency: CAD