Electric Metals ( (TSE:EML) ) has provided an announcement.
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Electric Metals (USA) Limited’s strategy to develop a domestic manganese supply chain has been validated by recent US policy shifts, including tariffs aimed at restoring American industrial independence. These developments enhance the strategic importance of domestic mineral production, particularly as China controls a significant portion of global manganese production. The company’s Emily Manganese Project in Minnesota is positioned to support a US-based supply chain for critical minerals, aligning with national industrial and defense priorities. This positioning is expected to increase the demand for American-made manganese products, benefiting Electric Metals and its stakeholders.
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. Electric Metals aims to become a domestic US producer of high-value, high-purity manganese metal and chemical products for the North American electric vehicle battery, technology, and industrial markets.
YTD Price Performance: 64.29%
Average Trading Volume: 111,345
Technical Sentiment Signal: Sell
Current Market Cap: C$16.64M
Learn more about EML stock on TipRanks’ Stock Analysis page.