Latest news with #ElectricMetals
Associated Press
2 days ago
- 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
Yahoo
12-02-2025
- Business
- Yahoo
3 TSX Penny Stocks To Consider In February 2025
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Name Share Price Market Cap Financial Health Rating Alvopetro Energy (TSXV:ALV) CA$4.985 CA$182.79M ★★★★★★ Silvercorp Metals (TSX:SVM) CA$4.57 CA$1.02B ★★★★★★ Mandalay Resources (TSX:MND) CA$4.73 CA$441.37M ★★★★★★ Pulse Seismic (TSX:PSD) CA$2.45 CA$124.55M ★★★★★★ Foraco International (TSX:FAR) CA$2.41 CA$235.26M ★★★★★☆ Findev (TSXV:FDI) CA$0.51 CA$14.61M ★★★★★★ PetroTal (TSX:TAL) CA$0.70 CA$647.19M ★★★★★★ NamSys (TSXV:CTZ) CA$1.00 CA$26.6M ★★★★★★ East West Petroleum (TSXV:EW) CA$0.045 CA$3.62M ★★★★★★ Orezone Gold (TSX:ORE) CA$0.86 CA$397.63M ★★★★★☆ Click here to see the full list of 943 stocks from our TSX Penny Stocks screener. Here we highlight a subset of our preferred stocks from the screener. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Electric Metals (USA) Limited focuses on acquiring, exploring, and developing mineral properties in the United States, Canada, and Australia with a market cap of CA$18.77 million. Operations: Electric Metals (USA) Limited does not report any revenue segments. Market Cap: CA$18.77M Electric Metals (USA) Limited, with a market cap of CA$18.77 million, is currently pre-revenue and unprofitable, facing challenges typical of early-stage mining ventures. Recent private placements raised CA$583,700 to extend its cash runway beyond the previously limited one month. The company's short-term assets of US$263.6K fall short of covering liabilities totaling US$1.4M, highlighting liquidity concerns despite being debt-free. Share price volatility remains high, with a recent increase in weekly volatility from 23% to 29%. Additionally, the board's average tenure is only 1.4 years, indicating an inexperienced leadership team navigating these financial hurdles. Unlock comprehensive insights into our analysis of Electric Metals (USA) stock in this financial health report. Explore historical data to track Electric Metals (USA)'s performance over time in our past results report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: MustGrow Biologics Corp. is an agricultural biotechnology company that develops and commercializes natural biological technologies and products derived from mustard seeds, with a market cap of CA$68.68 million. Operations: MustGrow Biologics Corp. currently does not report any revenue segments. Market Cap: CA$68.68M MustGrow Biologics Corp., with a market cap of CA$68.68 million, is pre-revenue, reflecting its early-stage biotech status. Despite this, the company has a strong cash position exceeding both short and long-term liabilities, indicating financial stability for over three years even if free cash flow decreases. Recent private placements raised CA$4.59 million to support operations and potential growth initiatives. The management team and board are experienced, with average tenures of 6.4 and 6.8 years respectively, providing seasoned leadership during this development phase while navigating unprofitability challenges in the near term as earnings are forecasted to decline further over the next three years. Click here to discover the nuances of MustGrow Biologics with our detailed analytical financial health report. Gain insights into MustGrow Biologics' outlook and expected performance with our report on the company's earnings estimates. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Unigold Inc. is a junior natural resource company dedicated to exploring and developing gold projects in the Dominican Republic, with a market cap of CA$19.20 million. Operations: Unigold Inc. does not report any revenue segments, focusing its efforts on gold exploration and development in the Dominican Republic. Market Cap: CA$19.2M Unigold Inc., with a market cap of CA$19.20 million, is pre-revenue and focused on gold exploration in the Dominican Republic. The company has no debt and its experienced management team averages 4.9 years in tenure, while the board averages 7.1 years. Despite being unprofitable, Unigold has reduced losses over five years by 0.5% annually but faces increased volatility with a weekly rate rising to 26%. Short-term assets (CA$665.1K) exceed liabilities (CA$288.1K), yet cash runway is less than a year if cash flow continues to decline at historical rates of 11.8%. Click here and access our complete financial health analysis report to understand the dynamics of Unigold. Assess Unigold's previous results with our detailed historical performance reports. Get an in-depth perspective on all 943 TSX Penny Stocks by using our screener here. Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Jump on the AI train with fast growing tech companies forging a new era of innovation. Find companies with promising cash flow potential yet trading below their fair value. 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 TSXV:EML TSXV:MGRO and TSXV:UGD. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
