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Electric Metals Ends Altair Agreement, Seeks Nevada Partnerships

Story Highlights
  • Electric Metals has ended its acquisition agreement with Altair Resources without penalties.
  • The company is seeking partners for its Nevada silver assets and granted DSUs to its Board.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Electric Metals Ends Altair Agreement, Seeks Nevada Partnerships

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Electric Metals ( (TSE:EML) ) has shared an announcement.

Electric Metals (USA) Limited has mutually terminated its acquisition agreement with Altair Resources Inc. regarding the Corcoran Canyon, Belmont, and Belmont North projects without incurring penalties. The company is now seeking strategic partnerships for its Nevada silver assets, which are located in a highly endowed gold-silver district. Additionally, Electric Metals granted 3,939,740 Deferred Share Units to its Board members, aligning their interests with shareholders. The company continues to focus on advancing its high-grade Emily Manganese Deposit in Minnesota.

More about Electric Metals

Electric Metals (USA) Limited (TSXV: EML) (OTCQB: EMUSF) is a US-based mineral development company with manganese and silver projects geared to supporting the transition to clean energy.

Average Trading Volume: 74,166

Technical Sentiment Signal: Buy

Current Market Cap: C$24.34M

Learn more about EML stock on TipRanks’ Stock Analysis page.

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