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Electric Metals ( (TSE:EML) ) has issued an update.
Electric Metals (USA) Limited announced the mutual termination of its business consulting services agreement with Terrella Capital Ltd., effective May 27, 2025. The termination includes the cancellation of 250,000 stock options that were to be granted to Terrella. This decision may impact the company’s operational strategies and stakeholder relations as it continues to focus on developing its Emily Manganese Project, which is crucial for the North American market due to the lack of domestic manganese supply.
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. Its principal asset, the Emily Manganese Project in Minnesota, is the highest-grade manganese deposit in North America. The company aims to become a domestic US producer of high-purity manganese metal and chemical products for the North American electric vehicle battery, technology, and industrial markets.
Average Trading Volume: 84,671
Technical Sentiment Signal: Buy
Current Market Cap: C$21.6M
For a thorough assessment of EML stock, go to TipRanks’ Stock Analysis page.