Latest news with #ElectricMetals
Yahoo
02-08-2025
- Automotive
- Yahoo
Lucid Group (LCID) Forms Minerals Collaboration Boosting US National Competitiveness
Lucid Group recently announced significant moves, including partnering with key mineral producers and updating the 2026 Lucid Air lineup, which may have contributed to its 21% share price increase over the last month. The formation of the Minerals for National Automotive Competitiveness Collaboration (MINAC) and partnerships with companies like Graphite One and Electric Metals highlight a push towards securing domestic mineral resources, aligning with the U.S. policy focus. Despite broader market fluctuations marked by tariff uncertainties and weak job growth reports, Lucid's strategic partnerships and product enhancements likely offset general market trends, providing resilience and driving positive investor sentiment. Lucid Group has 3 risks (and 1 which is concerning) we think you should know about. Find companies with promising cash flow potential yet trading below their fair value. The recent announcement of Lucid Group's partnerships and product updates potentially sets a robust foundation for future growth. The alignment with key mineral producers through initiatives like MINAC underscores a strategic push towards securing essential resources, which could mitigate supply chain vulnerabilities and support long-term revenue growth. The introduction of the updated 2026 Lucid Air lineup might bolster sales prospects, reflecting positively on future earnings forecasts. These developments aim to enhance operational efficiency and product appeal, critical factors in driving revenue growth expectations. Over the past year, Lucid's total shareholder return, including share price and dividends, was a 24.77% decline. This longer-term performance contrasts with the more favorable 21% share price increase over the last month, suggesting a recovery from previous lows. Relative to the broader market and the US Auto industry, Lucid underperformed, with the market returning 16.8% and the industry 34% over the same period. Despite the recent upturn, the share price remains below consensus expectations, with the current price of US$2.46 slightly under the analyst target of US$2.68. This price movement reflects investor caution, possibly due to ongoing profitability challenges and market uncertainties. As Lucid continues to enhance its lineup and secure strategic resources, aligning with expected revenue growth, investors will likely monitor these dynamics closely. Learn about Lucid Group's future growth trajectory here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include LCID. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
The Market Online
23-07-2025
- Automotive
- The Market Online
EV maker Lucid forms US critical mineral alliance
Lucid Group (NASDAQ:LCID), a top electric vehicle company, has formed a critical mineral alliance to strengthen the US supply chain destined for automotive manufacturing Members include Alaska Energy Metals (TSXV:AEMC), Electric Metals (TSXV:EML), Graphite One (TSXV:GPH) and RecycLiCo Battery Materials (TSXV:AMY) Lucid Group stock has given back 8.91 per cent year-over-year and 67.95 per cent since inception in 2020 Top electric vehicle player Lucid Group (NASDAQ:LCID) has formed a critical mineral alliance to strengthen the US supply chain destined for automotive manufacturing. This content has been prepared in collaboration with Lucid Group Inc., Alaska Energy Metals Corp., Graphite One Inc., Electric Metals USA Ltd. and RecycLiCo Battery Materials Inc., and is intended for informational purposes only. Members include nickel developer Alaska Energy Metals (TSXV:AEMC), manganese miner Electric Metals (TSXV:EML), metals recovery and battery upcycling specialist RecycLiCo Battery Materials (TSXV:AMY), as well as Graphite One (TSXV:GPH), which is slated to begin production at two facilities in 2028. The alliance, formally known as The Minerals for National Automotive Competitiveness Collaboration (MINAC), will focus on completing offtake agreements for domestic critical minerals for use in American automobiles, in addition to resolving industry barriers and enhancing coordination between the mining and automotive sectors, with eyes on ultimately facilitating customer adoption and market growth. Leadership insights 'Domestic supply chains strengthen manufacturing resilience, fortify sustainable supply chains and accelerate job growth,' Marc Winterhoff, Lucid's interim chief executive officer (CEO), stated in Wednesday's news release. 'Following in the footsteps of our previous agreements, today we are doubling down on our commitment to powering American innovation and look forward to working with our partners as we build the next generation of automotive manufacturing in the United States.' 'By developing resilient automotive supply chains, we establish commercially viable mining operations that also help strengthen the American defense industrial base,' commented Gregory Beischer, president and CEO of Alaska Energy Metals. 'Sourcing minerals domestically enables better regulatory oversight, higher environmental standards, metal source traceability and responsible sourcing. This approach mitigates harmful environmental and human rights risks often associated with foreign mining operations and provides an opportunity to improve the livelihoods of American communities.' 'We are honored to join MINAC in advancing a secure and resilient 100-per-cent domestic supply chain for critical minerals,' commented Brian Savage, CEO of Electric Metals. 'As the developer of the highest-grade manganese deposit in North America, located in Emily, Minnesota, Electric Metals is committed to establishing a domestic source of high-purity manganese products essential to the US electric vehicle, battery and defense industries. With no current domestic production of manganese, our project addresses a critical vulnerability in the nation's supply chain. This collaboration is a strategic step towards reducing reliance on foreign sources and strengthening US industrial and energy security.' 'Graphite One is pleased to be partnered with Lucid via supply chain offtake agreements for both synthetic and natural graphite,' added Anthony Huston, CEO of Graphite One. 'With MINAC representing domestic developers of the essential rechargeable battery materials and Lucid as an end-user, this agreement marks a significant step towards creating the fully US-based supply chain that is an indispensable element of U.S. energy dominance.' 'RecycLiCo is proud to work alongside Lucid and our fellow MINAC collaborators, advancing our shared commitment to robust, sustainable and secure domestic supply chains for critical minerals,' concluded Richard Sadowsky, CEO of RecycLiCo. 'We are actively seeking opportunities to leverage our advanced hydrometallurgical process to efficiently recover high-purity lithium, cobalt, nickel and manganese from end-of-life batteries, manufacturing scrap and newly mined ore to help shape a future-ready critical minerals industry.' About Lucid Group Lucid is a Silicon Valley-based electric vehicle manufacturer. Its award-winning models include the Lucid Air and new Lucid Gravity. Lucid Group stock (NASDAQ:LCID) is up by 1.28 per cent trading at US$3.17 as of 10:39 am ET. The stock has given back 8.91 per cent year-over-year and 67.95 per cent since inception in 2020. Join the discussion: Find out what investors are saying about this EV stock and its critical mineral partners on the Lucid Group Inc., Alaska Energy Metals Corp., Graphite One Inc., Electric Metals USA Ltd. and RecycLiCo Battery Materials Inc. Bullboards and check out the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Associated Press
23-07-2025
- Automotive
- Associated Press
Electric Metals and Lucid Pledge Strategic Collaboration to Promote Use of Domestic Critical Minerals Within Automotive Supply Chain
Companies Sign Memorandum of Understanding as Part of New 'Minerals For National Automotive Competitiveness ('MINAC') Collaborative Joined by Select Group of Miners and Processors Initiative Aligns with Presidential Executive Order on Critical Minerals TORONTO, ON / ACCESS Newswire / July 23, 2025 / Electric Metals (USA) Limited ('EML' or the 'Company') (TSXV:EML)(OTCQB:EMUSF) is pleased to announce that it has entered into a Memorandum of Understanding (MoU) with Lucid Group, Inc (Lucid), maker of the world's most advanced electric vehicles, as part of the newly created Minerals for National Automotive Competitiveness (MINAC), a collaborative aimed at fostering economic growth while reducing U.S. over-reliance on foreign supplies of critical minerals within the automotive supply chain. In accordance with President Trump's March 20 Executive Order 'Immediate Measures to Increase American Mineral Production,' MINAC resolves to promote the use of domestic critical minerals within the U.S. automotive supply chain to bolster local economies and generate high-quality employment opportunities. Electric Metals and Lucid are joined by a select group of mining and mineral processing companies sharing the same goals, including Alaska Energy Metals Corporation (AEMC), Graphite One Inc. (G1), RecycLiCo Battery Materials Inc. (RecycLiCo). 'For years, U.S. industries-including the automotive supply chain-have relied on foreign sources like China for critical minerals,' said Brian Savage, CEO of Electric Metals (USA). 'Electric Metals aims to provide a secure, domestic source of high-purity manganese products for both civilian and defense uses. Our efforts support U.S. policy goals as demand grows for non-Chinese critical materials, and we look forward to collaborating with our MINAC partners to strengthen America's critical mineral supply chains.' As part of MINAC's formal launch today, the collaborative will participate in a panel discussion at an event featuring Arizona Governor Katie Hobbs, Senator Dan Sullivan, and Representatives Nick Begich and Andy Biggs in Washington, D.C. ABOUT MINAC MINAC is a partnership among North American mineral and automotive producers to develop the domestic supply chains that will support national security and enable American energy leadership. The collaboration promotes the use of the United States' vast mineral resources to create jobs, fuel prosperity, and significantly reduce reliance on foreign nations within the automotive supply chain; potentially unlocking billions in investment in mining, minerals processing, and derivative products manufacturing. About Electric Metals (USA) Limited 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. For further information, please contact: Electric Metals (USA) Limited Brian Savage CEO & Director (303) 656-9197 Forward-Looking Information This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-lookinginformation') within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words 'believes,' 'may,' 'plans,' 'will,' 'anticipates,' 'intends,' 'could', 'estimates', 'expects', 'forecasts',"projects' and similar expressions, and the negative of such expressions. Such statements in this news release include, without limitation: the ability of the Company to complete the Offering; the size, terms and timing of the Offering; participation in the Offering by insiders of the Company; the timing and receipt of TSXV and other approvals required in connection with the Offering; the intended use of proceeds of the Offering; the Company's mission 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; that manganese will continue to play a critical and prominent role in lithium-ion battery formulations; that 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, Minnesota and for the Company's shareholders; and planned or potential developments in ongoing work by Electric Metals. These statements address future events and conditions and so involve inherent risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, the failure to obtain all necessary stock exchange and regulatory approvals; investor interest in participating in the Offering; and risks related to the exploration and other plans of the Company. Forward-looking information is based on the reasonable assumptions,estimates, analysis and opinions of management made in light of its experience and perception of trends, updated conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments,except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE: Electric Metals (USA) Limited press release
Associated Press
07-06-2025
- Business
- Associated Press
Electric Metals Announces Termination of Agreement With Terrella Capital
TORONTO, ON / ACCESS Newswire / June 6, 2025 / Electric Metals (USA) Limited ('EML' or the 'Company') (TSXV:EML)(OTCQB:EMUSF) announces that the Company and Terrella Capital Ltd. ('Terrella') have mutually agreed to terminate their business consulting services agreement, originally announced on April 15, 2025. The agreement was formally terminated effective May 27, 2025. In connection with the termination, the 250,000 stock options previously contemplated for grant to Terrella under the agreement have been cancelled and will not be issued. About Electric Metals (USA) Limited 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. For further information, please contact: Electric Metals (USA) Limited Brian Savage CEO & Director (303) 656-9197 or Valerie Kimball Director Investor Relations 720-933-1150 [email protected] Forward-Looking Information This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking information') within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words 'believes,' 'may,' 'plans,' 'will,' 'anticipates,' 'intends,' 'could', 'estimates', 'expects', 'forecasts', 'projects' and similar expressions, and the negative of such expressions. Such statements in this news release include, without limitation: the ability of the Company to complete the Offering; the size, terms and timing of the Offering; participation in the Offering by insiders of the Company; the timing and receipt of TSXV and other approvals required in connection with the Offering; the intended use of proceeds of the Offering; the Company's mission 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; that manganese will continue to play a critical and prominent role in lithium-ion battery formulations; that 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, Minnesota and for the Company's shareholders; and planned or potential developments in ongoing work by Electric Metals. These statements address future events and conditions and so involve inherent risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, the failure to obtain all necessary stock exchange and regulatory approvals; investor interest in participating in the Offering; and risks related to the exploration and other plans of the Company. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, updated conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE: Electric Metals (USA) Limited press release
Yahoo
20-05-2025
- Business
- Yahoo
Electric Metals (USA) Limited Closes $1.1 Million Non-Brokered Private Placement
Not for distribution to U.S. news wire services or dissemination in the United States TORONTO, ON / / May 20, 2025 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) is pleased to announce the closing of its previously announced non-brokered private placement, raising gross proceeds of C$1,091,999 million. The financing will support the advancement of the Company's Emily Manganese Project in Minnesota, contributing to a critical U.S. domestic supply of high-purity manganese products, including high-purity manganese sulfate monohydrate (HPMSM), for the U.S. electric vehicle battery sector. Under the Offering, the Company issued 9,099,999 units (the "Units") at a price of C$0.12 per Unit. Each Unit consists of one common share of the Company (a "Share") and one-half of one non-transferable common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one additional Share at an exercise price of C$0.20 for a period of 18 months. The Shares and any Shares issued upon exercise of the Warrants are subject to applicable hold periods in accordance with securities laws and exchange policies. No insiders participated in the Offering. "This financing, together with our recent fundraising, positions Electric Metals in a strong position to advance the Emily Manganese Project in Minnesota and support the development of a secure, U.S. domestic supply of high-purity manganese products," said Brian Savage, CEO of Electric Metals. Net proceeds will be used to advance key initiatives, including the preliminary economic assessment of the Emily Manganese Project, technical and environmental studies, studies related to the planned high-purity manganese sulfate monohydrate (HPMSM) facility, and for general working capital purposes. In connection with the Offering, the Company paid finders who introduced subscribers to the Offering including: Canaccord Genuity Corp. a cash commission totaling $3,300 being up to 1% of the gross proceeds raised under the Offering from investors introduced to the Company from such finders, and 27,500 non-transferable common share purchase warrants of the Company ("Finders' Warrants"), being up to 1% of the Units sold under the Offering from investors introduced to the Company from such finders. Each Finder's Warrant entitles the holder to purchase one Common Share at a price of $0.20 for a period of 18 months. About Electric Metals (USA) Limited 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. For further information, please contact:Electric Metals (USA) LimitedBrian SavageCEO & Director(303) 656-9197 or Valerie KimballDirector Investor Relations720-933-1150info@ Forward-Looking Information This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such statements in this news release include, without limitation: the Company's mission 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; that manganese will continue to play a critical and prominent role in lithium-ion battery formulations; that 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, Minnesota and for the Company's shareholders; and planned or potential developments in ongoing work by Electric Metals. These statements address future events and conditions and so involve inherent risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, the failure to obtain all necessary stock exchange and regulatory approvals; investor interest in participating in the Offering; and risks related to the exploration and other plans of the Company. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, updated conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE: Electric Metals (USA) Limited View the original press release on ACCESS Newswire
