Electric Metals Announces Private Placement Offering

Not for distribution to U.S. news wire services or dissemination in the United States.

Vancouver, Bri.sh Columbia, October 23, 2025: Electric Metals (USA) Limited ("EML" or the "Company") (TSXV: EML) (OTCQB: EMUSF) is pleased to announce its inten<on to complete a non-brokered private placement (the "Offering") of up to 13,333,334 units (the "Units") at a price of CAN$0.30 per Unit for gross proceeds of up to CAN$4 million. Each Unit will consist of one common share in the capital of the Company (a “Share”) and one-half of one non-transferable common share purchase warrant (a “Warrant”). Each whole Warrant will be exercisable to acquire one Share at an exercise price of CAN$0.45 per Share for a period of 18 months from the date of issuance. The Shares issued under the Offering may be subject to hold periods in accordance with applicable laws and stock exchange policies.

EML intends to allocate the Offering proceeds to advance key ini<a<ves, including addi<onal ore characteriza<on, metallurgical and process test work, an HPMSM scoping study, environmental baseline studies, ini<a<on of permi[ng for the Emily Mine, community outreach, other cri<cal research at the North Star Manganese Project, and general corporate purposes.

The Company may engage one or more agents or finders in connec<on with the Offering and may pay such par<es fees as may be agreed between the Company and such par<es.

The securi<es of the Company have not been, and will not be, registered under the U.S. Securi<es Act of 1933, as amended (the "U.S. Securi.es Act") or any U.S. state securi<es laws and may not be offered or sold in the United States absent registra<on or an available exemp<on from the registra<on requirements of the U.S. Securi<es Act and applicable U.S. state securi<es laws. This press release shall not cons<tute an offer to sell or the solicita<on of an offer to buy, nor shall there by any sale of the securi<es referenced in this press release, in any jurisdic<on in which such offer, solicita<on or sale would be unlawful.

Certain insiders of the Company may acquire Shares in the Offering. Any par<cipa<on by insiders in the Offering would cons<tute a "related party transac<on" as defined under Mul<lateral Instrument 61-101 – Protec'on of Minority Security Holders in Special Transac'ons ("MI 61-101"). However, the Company expects such par<cipa<on would be exempt from the formal valua<on and minority shareholder approval requirements of MI 61-101 as neither the fair market value subscribed for by the insiders under the Offering, nor the considera<on for the Shares paid by such insiders, will exceed 25% of the Company's market capitaliza<on.

A material change report including details with respect to the related party transac<on is not expected to be able to be filed less than 21 days prior to the closing of the Offering as the Company has not received confirma<on of the par<cipa<on of insiders in the Offering and the Company deems it reasonable in the circumstances so as to be able to avail itself of poten<al financing opportuni<es and complete the Offering in an expedi<ous manner.

About Electric Metals (USA) Limited

Electric Metals (USA) Limited (TSXV: EML; OTCQB: EMUSF) is a U.S.-based critical minerals company advancing manganese and silver projects that support the electrification 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, a 100% domestic U.S. project comprised of a manganese mine in Emily, Minnesota, and a high-purity manganese sulfate monohydrate (HPMSM) chemical plant in the U.S., has been the subject of extensive technical work, including a Preliminary Economic Assessment prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Electric Metals’ mission is to establish a fully domestic U.S. supply of high-purity manganese chemical and metal products for the North American electric vehicle battery, energy storage, technology, and industrial markets. With manganese playing an increasingly important role in lithium-ion battery formulations, and with no current domestic production in North America, the development of the North Star Manganese Project represents a strategic opportunity for the United States, the State of Minnesota, and for the Company’s shareholders.

For further informa.on, please contact:

Electric Metals (USA) Limited Brian Savage CEO & Director (303) 656-9197 [email protected]

Forward-Looking Informa.on

This news release contains “forward-looking informa<on” and “forward-looking statements” (collec<vely, “forward-looking informa<on”) within the meaning of applicable securi<es laws. Forward-looking informa<on is ooen iden<fied by terms such as “believes,” “expects,” “an<cipates,” “intends,” “plans,” “projects,” “es<mates,” “may,” “could,” “would,” “will,” and similar expressions, or their nega<ve forms.

Forward-looking informa<on in this news release includes, but is not limited to, the Company’s ability to complete the Offering on the terms described or at all; the size and <ming of the Offering; poten<al par<cipa<on by insiders; the receipt of required regulatory and stock exchange approvals; the an<cipated use of proceeds from the Offering; and statements regarding the Company’s business strategy, plans, and objec<ves, including its mission to become a U.S. producer of high-value, high-purity manganese chemical and metal products to serve the North American electric vehicle bapery, energy storage, technology, and industrial markets. Forward-looking informa<on may also include statements regarding the expected <ming, terms, and comple<on of the Offering, the intended use of proceeds, and related regulatory approvals, all of which remain subject to market condi<ons and other customary closing risks. Addi<onal forward-looking informa<on may include statements regarding the role of manganese in lithium-ion bapery formula<ons, the strategic importance of domes<c manganese supply, and future ac<vi<es at or related to the North Star Manganese Project.

Forward-looking informa<on is based on the reasonable assump<ons, es<mates, analyses, and opinions of management at the <me such statements are made, including, among other things, assump<ons regarding general business and economic condi<ons; the availability of financing; investor interest;

regulatory and permi[ng processes; and the future demand for high-purity manganese products. Forward-looking informa<on is subject to known and unknown risks, uncertain<es, and other factors that may cause actual results to differ materially from those an<cipated or implied, including but not limited to: failure to obtain required approvals; changes in market or economic condi<ons; vola<lity in capital markets; results of explora<on, metallurgical or engineering work; cost overruns; delays in project development or permi[ng; and other risks described in the Company’s public filings available under its profile on SEDAR+ (www.sedarplus.ca). In par<cular, the Company’s projects are located in jurisdic<ons where permi[ng <melines, environmental baseline requirements, and community consulta<on processes can affect project advancement.

Readers are cau<oned that forward-looking informa<on is not a guarantee of future performance and involves risks and uncertain<es that are difficult to predict. Actual results and developments may differ materially from those expressed or implied. Except as required by law, the Company does not undertake any obliga<on to update or revise forward-looking informa<on as a result of new informa<on, future events, or otherwise.

Neither the TSX Venture Exchange nor its Regula<on Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.