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The latest update is out from Electric Metals ( (TSE:EML) ).
Electric Metals (USA) Limited has completed its corporate continuance into the State of Delaware, becoming a Delaware‑domiciled U.S. corporation with its registered office in Wilmington, while maintaining its TSX Venture Exchange and OTCQB listings and leaving its day‑to‑day operations and asset base unchanged. The move, which includes adoption of a new certificate of incorporation and by‑laws and a change in authorized share capital structure without altering outstanding shares or economic rights, is intended to better align the company’s legal and corporate framework with its U.S.-based assets and strategy, enhance flexibility under Delaware law, and strengthen its positioning with U.S. capital markets, strategic partners and government stakeholders as it advances a fully domestic U.S. manganese supply chain.
More about Electric Metals
Electric Metals (USA) Limited is a U.S.-based critical minerals and advanced materials company focused on developing the North Star Manganese Project to support electrification trends. Its principal asset is the Emily manganese deposit in Minnesota, regarded as the highest-grade manganese deposit in North America, and the project encompasses a domestic manganese mine in Minnesota and a planned high-purity manganese sulfate monohydrate chemical plant in the United States, targeting a fully domestic U.S. supply of high-purity manganese products for strategic industries.
Average Trading Volume: 95,543
Technical Sentiment Signal: Buy
Current Market Cap: C$75.99M
Find detailed analytics on EML stock on TipRanks’ Stock Analysis page.