Electric Metals USA
Primary ticker: TSXV:EML, OTCQB:EMUSF
Stage of development: Exploration, Development
Primary minerals: Manganese
Project to promote: The Emily Manganese Project
Project location: Minnesota, USA
Website: electricmetals.com
Corporate presentation: Click here
Electric Metals (USA) Limited (TSXV:EML) is a Canadian-listed, development company focused on producing metals crucial for driving the electrification of mobility, facilitating the green energy transition, and supporting energy storage solutions.
Electric Metals has the highest-grade manganese deposit in North America and is poised to emerge as the low-cost producer of 100% domestically sourced, high-purity manganese sulphate monohydrate (HPMSM).
The company’s flagship asset is the Emily Manganese Project in Minnesota, USA, which contains North America’s highest-grade manganese deposit. Manganese is a key metal in the EV battery / energy storage revolution due to its prominent role in lithium-ion battery formulations.
Major shareholders:
Board And Insiders – 36.9%
Green Mineral Investors LLC – 16.3%
Gary Lewis – 11.4%
Financials
Management Profile
MR. BRIAN C SAVAGE – CEO, Director
Mr. Savage is an entrepreneurial business executive with a long history of identifying, building, growing, and transforming mining and metals businesses throughout the world. His expertise extends across commodity and capital markets, organizational development, and strategic growth initiatives, including mergers, acquisitions, and joint ventures. Mr. Savage has founded and co-founded several businesses focused on developing and advancing mining operations in challenging jurisdictions, including Kazakhstan, Ukraine, Russia, Guinea, and the Democratic Republic of the Congo (DRC). His recent experience in the DRC has allowed him to develop a profound understanding of the manganese markets including the production of high-value, high-purity manganese products for the electric vehicle and enery storage markets. Mr. Savage earned a Bachelor of Science degree in Mining Engineering and a Master of Science degree in Mineral Economics from the Colorado School of Mines.
What is your rationale for taking part in 121 Mining Investment?
We would like to raise awareness of our high grade Emily Manganese Project in Minnesota, USA.
What recent news would you like to highlight to investors attending?
Dec 13, 2024 – Electric Metals Announces First Tranche Closing and Extension of Private Placement
Oct 31, 2024 – Electric Metals Announces Private Placement Offering
Sep 24, 2024 – Metallurgical Tests Yield High-Purity Manganese Sulfate Monohydrate from the Emily Manganese Deposit, Minnesota
Sep 20, 2024 – Electric Metals Announces Changes to its Board of Directors
What are your key goals for the next 3, 6 and 12 months?
3 Months:
– Design drill program to upgrade to measured resources and obtain other technical data
– Initiate minerology, ore characterization, crushing, and grinding studies for mine design and environmental studies
– Advance metallurgical test work, flow sheet assessment, and initial production of commercial chemical products for product development
– Initiate scoping study for processing plant design, including site identification
– Initiate baseline environmental studies for Emily site
– Continue to engage stakeholders, foster transparency, and build support for the project
6 Months:
– Undertake geological, geotechnical and environmental drilling program at Emily
– Optimize ore characterization, crushing, and grinding parameters for mine design
– Initiate scoping study on preliminary mine design
– Develop mine permitting plan and initiate ore and waste characterization studies
– Complete scoping study for processing plant design and site location
– Optimize processing plant design and initiate pre-feasibility study for processing plant
– Continue to engage stakeholders, foster transparency, and build support for the project