Electric Metals (USA) Limited Announces Change of Auditor
Wilmington, Delaware – February 5, 2026 – Electric Metals (USA) Limited (“Electric Metals” or the “Company”) (TSXV: EML) (OTCQB: EMUSF) announces that, following a transiHon iniHated by the Company, Baker Tilly WM LLP (“Baker Tilly”) has ceased to act as auditor of the Company, effecHve February 4, 2026. The Company thanks Baker Tilly for its professional services and support during its tenure as auditor. The Company’s board of directors has appointed PricewaterhouseCoopers LLP (“PwC”) as the Company’s new auditor, effecHve immediately, to hold office unHl the next annual general meeHng of shareholders.
There were no reportable events (as such term is defined in National Instrument 51-102
- Continuous Disclosure Obligations) between the Company and Baker Tilly during Baker Tilly’s
most recently completed financial year and the period from the end of that financial year to the date of Baker Tilly’s resignation.
The resignation of Baker Tilly and the appointment of PwC were reviewed and approved by the Company’s audit committee and board of directors. The Company has filed a Notice of Change of Auditor, together with the required letters from Baker Tilly and PwC, with the applicable securities regulatory authorities in accordance with National Instrument 51-102.
About Electric Metals (USA) Limited
Electric Metals (USA) Limited (TSXV: EML; OTCQB: EMUSF) is a U.S.-domiciled criBcal minerals and advanced materials company developing the North Star Manganese Project, a 100% U.S. domesBc manganese supply chain supporBng the electrificaBon of everything.
The Company’s principal asset is the Emily manganese deposit in Minnesota, the highest-grade manganese deposit in North America. The North Star Manganese Project comprises a manganese mine in Emily, Minnesota, and a planned high-purity manganese sulfate monohydrate (HPMSM) chemical processing facility in the United States.
The Project has been the subject of extensive technical evaluaBon, including a Preliminary Economic Assessment prepared in accordance with NaBonal Instrument 43-101 Standards of Disclosure for Mineral Projects.
Electric Metals’ mission is to establish a secure, resilient, and fully domesBc U.S. supply of high-purity manganese chemical and metal products for electric vehicle and energy storage ba[eries, defense, technology, and industrial markets. With no current domesBc producBon of manganese ore or ba[erygrade manganese in North America, the North Star Manganese Project represents a strategic opportunity to strengthen U.S. industrial capability, reduce foreign supply-chain dependence, and support domesBc manufacturing and naBonal security objecBves.
For further informa;on, please contact:
Electric Metals (USA) Limited Brian Savage CEO & Director (303) 656-9197
Forward-Looking Information
This news release contains certain “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. Forward-looking information in this news release includes, without limitation, statements relating to the Company’s change of auditor, the appointment of PricewaterhouseCoopers LLP as the Company’s auditor, the completion and acceptance of related regulatory filings, and statements in the “About Electric Metals (USA) Limited” section regarding the Company’s strategy, objectives, and plans, including its goal of establishing a fully U.S. domestic manganese supply chain.
Forward-looking information is generally identified by the use of words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “may,” “will,” and similar expressions. Such forward-looking information is based on management’s current expectations, assumptions, and beliefs as of the date of this news release.
Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results or outcomes to differ materially from those expressed or implied in such forward-looking information. These risks and uncertainties include, but are not limited to, the completion of required regulatory filings, acceptance of such filings by applicable securities regulatory authorities and the TSX Venture Exchange, and other risks inherent in changes to professional service providers and the execution of corporate strategies.
Although the Company believes that the expectations and assumptions reflected in the forwardlooking information are reasonable, there can be no assurance that such information will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking information.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement, and the Company disclaims any obligation to update or revise any forwardlooking information, except as required by applicable securities laws.