Summary
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. The Company’s principal asset is the Emily Manganese Project in Minnesota, the highest-grade manganese deposit in North America, which has been the subject of considerable technical studies, including National Instrument 43-101 Technical Reports – Resource Estimates. The Company’s mission in Minnesota is to become a domestic US producer of high-value, high-purity manganese metal and chemical products to supply the North American electric vehicle battery, technology and industrial markets. With manganese playing a critical and prominent role in lithium-ion battery formulations, and with no current domestic supply or active mines for manganese in North America, the development of the Emily Manganese Project represents a significant opportunity for America, the State of Minnesota and for the Company’s shareholders.
Stock Chart
Share Structure
|
As of Dec 18, 2024 |
|
| Shares Issued | 150,549,683 |
|
Warrants |
34,560,990 |
| Options (weighted avg price C$0.26) |
13,400,000 |
| Deferred Share Units |
793,376 |
| Fully Diluted | 199,304,049 |
Investment Highlights
Projects
The Emily manganese deposit
High-value, high-purity manganese products
Management Profiles
Brian C Savage CEO
Mr. Savage is an entrepreneurial business executive with a long history of identifying, building, growing, and transforming mining and metals businesses throughout the world. His expertise extends across commodity and capital markets, organizational development, and strategic growth initiatives, including mergers, acquisitions, and joint ventures. Mr. Savage has founded and co-founded several businesses focused on developing and advancing mining operations in challenging jurisdictions, including Kazakhstan, Ukraine, Russia, Guinea, and the Democratic Republic of the Congo (DRC). His recent experience in the DRC has allowed him to develop a profound understanding of the manganese markets including the production of high-value, high-purity manganese products for the electric vehicle and energy storage markets. Mr. Savage earned a Bachelor of Science degree in Mining Engineering and a Master of Science degree in Mineral Economics from the Colorado School of Mines.
Natasha Tsai CFO
Ms. Tsai is a Chartered Professional Accountant with Malaspina Consultants Inc. Previously, she was a senior accountant with Grant Thornton LLP. She has acted as Chief Financial Officer and/or controller for a number of listed companies and has corporate finance and listed- company experience in an array of sectors.
Quinton Hennigh Chairman
Dr. Quinton Hennigh is an internationally-renowned economic geologist with over 25 years of exploration experience and expertise with major gold mining companies such as Homestake Mining Company, Newcrest Mining Limited, and Newmont Mining Corporation, where he last served as senior research geologist in 2007. He has since made a number of significant gold discoveries for Canadian exploration companies such as the 5 million oz. Springpole alkaline gold deposit near Red Lake, Ontario, for Gold Canyon Resources. He is currently Chairman and President of Novo Resources Corporation, which he helped start in 2010 and an adviser to Eskay Mining Corp. and Lion One Metals Ltd. Dr. Hennigh holds a Bachelor of Science from the University of Missouri, and M.Sc. and a Ph.D. in geology and geochemistry from the Colorado School of Mines. He is a member (P.Geo.) of the Society of Economic Geologists, the Mining and Metallurgical Society of America. He is currently CEO of private miner, San Cristobal Mining Inc.