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Electric Metals ( (TSE:EML) ) has shared an announcement.
Electric Metals (USA) Limited has confirmed a non-binding memorandum of understanding (MOU) regarding the potential sale of its Corcoran Canyon silver-gold property in Nevada. The MOU, which is preliminary and subject to further negotiation, does not currently impose any obligations or represent a material change in the company’s affairs. This announcement highlights Electric Metals’ strategic focus on its core manganese projects, which are crucial for the U.S. supply chain in the electric vehicle and battery sectors.
More about Electric Metals
Electric Metals (USA) Limited is a U.S.-based critical minerals company focused on advancing manganese and silver projects to support electrification. The company’s principal asset is the Emily manganese deposit in Minnesota, recognized as the highest-grade manganese deposit in North America. Their North Star Manganese Project aims to establish a domestic U.S. supply of high-purity manganese chemical and metal products for the North American electric vehicle, battery, technology, and industrial markets.
Average Trading Volume: 129,088
Technical Sentiment Signal: Buy
Current Market Cap: C$68.39M
For an in-depth examination of EML stock, go to TipRanks’ Overview page.