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An announcement from Electric Metals ( (TSE:EML) ) is now available.
Electric Metals (USA) Limited announced a non-brokered private placement offering of up to 10,000,000 units at CAN$0.12 per unit for gross proceeds of up to CAN$1,200,000. The proceeds will be used to advance key initiatives, including a preliminary economic assessment of the Emily manganese mine and studies related to their HPMSM plant. This move is expected to enhance the company’s operations and strengthen its position in the clean energy sector, particularly in the North American electric vehicle battery market.
More about Electric Metals
Electric Metals (USA) Limited is a US-based mineral development company focusing on manganese and silver projects to support the transition to clean energy. The company’s principal asset is the Emily Manganese Project in Minnesota, which is the highest-grade manganese deposit in North America. Their mission is to become a domestic US producer of high-value, high-purity manganese metal and chemical products to supply the North American electric vehicle battery, technology, and industrial markets.
Average Trading Volume: 106,040
Technical Sentiment Signal: Buy
Current Market Cap: C$25.32M
See more insights into EML stock on TipRanks’ Stock Analysis page.