EML.V · 2025-07-23 12:00:00

Electric Metals and Lucid Pledge Strategic Collabora6on to Promote Use of Domes6c Cri6cal Minerals Within Automo6ve Supply Chain Companies Sign Memorandum of Understanding as Part of New “Minerals For Na:onal Automo:ve Compe::veness (“MINAC”) Collabora:ve Joined by Select Group of Miners and Process

Partnerships & JV

Electric Metals and Lucid Pledge Strategic Collabora6on to Promote Use of Domes6c Cri6cal Minerals

Within Automo6ve Supply Chain

Companies Sign Memorandum of Understanding as Part of New “Minerals For Na:onal Automo:ve

Compe::veness (“MINAC”) Collabora:ve Joined by Select Group of Miners and Processors

Ini:a:ve Aligns with Presiden:al Execu:ve Order on Cri:cal Minerals

Toronto, Ontario, 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 NaGonal AutomoGve CompeGGveness (MINAC), a collaboraGve aimed at fostering

economic growth while reducing U.S. over-reliance on foreign supplies of criGcal minerals within the

automoGve supply chain.

In accordance with President Trump’s March 20 ExecuGve Order “Immediate Measures to Increase

American Mineral ProducGon,” MINAC resolves to promote the use of domesGc criGcal minerals within

the U.S. automoGve supply chain to bolster local economies and generate high -quality employment

opportuniGes. Electric Metals and Lucid are joined by a select group of mining and mineral processing

companies sharing the same goals, including Alaska Energy Metals CorporaGon (AEMC), Graphite One Inc.

(G1), RecycLiCo BaXery Materials Inc. (RecycLiCo).

“For years, U.S. industries—including the automoGve supply chain—have relied on foreign sources like

China for criGcal minerals,” said Brian Savage, CEO of Electric Metals (USA). “Electric Metals aims to provide

a secure, domesGc 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 criGcal materials, and we look forward

to collaboraGng with our MINAC partners to strengthen America’s criGcal mineral supply chains.”

As part of MINAC’s formal launch today, the collaboraGve will parGcipate in a panel discussion at an event

featuring Arizona Governor KaGe Hobbs, Senator Dan Sullivan, and RepresentaGves Nick Begich and Andy

Biggs in Washington, D.C.

ABOUT MINAC

MINAC is a partnership among North American mineral and automoGve producers to develop the

domesGc supply chains that will support naGonal security and enable American energy leadership. The

collaboraGon promotes the use of the United States’ vast mineral resources to create jobs, fuel prosperity,

and signiﬁcantly reduce reliance on foreign naGons within the automoGve supply chain; potenGally

unlocking billions in investment in mining, minerals processing, and derivaGve 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 supporGng the transiGon 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 NaGonal

Instrument 43-101 Technical Reports – Resource EsGmates. The Company's mission in Minnesota is to

become a domesGc US producer of high-value, high-purity manganese metal and chemical products to

supply the North American electric vehicle baXery, technology and industrial markets. With manganese

playing a criGcal and prominent role in lithium-ion baXery formulaGons, and with no current domesGc

supply or acGve 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 informa6on, please contact:

Electric Metals (USA) Limited

Brian Savage

CEO & Director

(303) 656-9197

Forward-Looking Informa6on

This news release contains "forward-looking informaGon" and "forward-looking statements" (collecGvely,

"forward-looking informaGon") within the meaning of applicable securiGes laws. Forward-looking

informaGon is generally idenGﬁable by use of the words "believes," "may," "plans," "will," "anGcipates,"

"intends," "could", "esGmates", "expects", "forecasts", "projects" and similar expressions, and the negaGve

of such expressions.

Such statements in this news release include, without limitaGon: the ability of the Company to complete

the Oﬀering; the size, terms and Gming of the Oﬀering; parGcipaGon in the Oﬀering by insiders of the

Company; the Gming and receipt of TSXV and other approvals required in connecGon with the Oﬀering;

the intended use of proceeds of the Oﬀering; the Company's mission to become a domesGc US producer

of high-value, high-purity manganese metal and chemical products to supply the North American electric

vehicle baXery, technology and industrial markets; that manganese will conGnue to play a criGcal and

prominent role in lithium-ion baXery formulaGons; that with no current domesGc supply or acGve 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 potenGal

developments in ongoing work by Electric Metals.

These statements address future events and condiGons and so involve inherent risks, uncertainGes and

other factors that could cause actual events or results to diﬀer materially from esGmated or anGcipated

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

parGcipaGng in the Oﬀering; and risks related to the exploraGon and other plans of the Company. Forward-

looking informaGon is based on the reasonable assumpGons, esGmates, analysis and opinions of

management made in light of its experience and percepGon of trends, updated condiGons 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 aXempted to idenGfy

important factors that could cause actual results to diﬀer materially from those contained in forwar d-

looking informaGon, there may be other factors that cause results not to be as anGcipated. There can be

no assurance that such informaGon will prove to be accurate, as actual results and future events could

diﬀer materially from those anGcipated in such informaGon. Accordingly, readers should not place undue

reliance on forward-looking informaGon.

All forward-looking informaGon herein is qualiﬁed in its enGrety by this cauGonary statement, and the

Company disclaims any obligaGon to revise or update any such forward-looking informaGon or to publicly

announce the result of any revisions to any of the forward-looking informaGon contained herein to reﬂect

future results, events, or developments, except as required by law.

Neither TSX Venture Exchange nor its RegulaGon Services Provider (as that term is deﬁned in policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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