Electric Metals Announces Termination of Agreement with Terrella Capital
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ELECTRIC METALS ANNOUNCES TERMINATION OF AGREEMENT WITH TERRELLA CAPITAL
Toronto, Ontario, 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 consulEng services agreement, originally announced on April 15, 2025. The
agreement was formally terminated effecEve May 27, 2025. In connecEon with the terminaEon, the
250,000 stock opEons 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 supporEng the transiEon 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 NaEonal
Instrument 43-101 Technical Reports – Resource EsEmates. The Company's mission in Minnesota is to
become a domesEc US producer of high-value, high-purity manganese metal and chemical products to
supply the North American electric vehicle ba_ery, technology and industrial markets. With manganese
playing a criEcal and prominent role in lithium-ion ba_ery formulaEons, and with no current domesEc
supply or acEve 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 informaKon, please contact:
Electric Metals (USA) Limited
Brian Savage
CEO & Director
(303) 656-9197
or
Valerie Kimball
Director Investor RelaEons
720-933-1150
Forward-Looking InformaKon
This news release contains "forward-looking informaEon" and "forward-looking statements" (collecEvely,
"forward-looking informaEon") within the meaning of applicable securiEes laws. Forward-looking
informaEon is generally idenEfiable by use of the words "believes," "may," "plans," "will," "anEcipates,"
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"intends," "could", "esEmates", "expects", "forecasts", "projects" and similar expressions, and the negaEve
of such expressions.
Such statements in this news release include, without limitaEon: the ability of the Company to complete
the Offering; the size, terms and Eming of the Offering; parEcipaEon in the Offering by insiders of the
Company; the Eming and receipt of TSXV and other approvals required in connecEon with the Offering;
the intended use of proceeds of the Offering; the Company's mission to become a domesEc US producer
of high-value, high-purity manganese metal and chemical products to supply the North American electric
vehicle ba_ery, technology and industrial markets; that manganese will conEnue to play a criEcal and
prominent role in lithium-ion ba_ery formulaEons; that with no current domesEc supply or acEve 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 potenEal
developments in ongoing work by Electric Metals.
These statements address future events and condiEons and so involve inherent risks, uncertainEes and
other factors that could cause actual events or results to differ materially from esEmated or anEcipated
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
parEcipaEng in the Offering; and risks related to the exploraEon and other plans of the Company. Forward-
looking informaEon is based on the reasonable assumpEons, esEmates, analysis and opinions of
management made in light of its experience and percepEon of trends, updated condiEons 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 a_empted to idenEfy
important factors that could cause actual results to differ materially from those contained in forward-
looking informaEon, there may be other factors that cause results not to be as anEcipated. There can be
no assurance that such informaEon will prove to be accurate, as actual results and future events could
differ materially from those anEcipated in such informaEon. Accordingly, readers should not place undue
reliance on forward-looking informaEon.
All forward-looking informaEon herein is qualified in its enErety by this cauEonary statement, and the
Company disclaims any obligaEon to revise or update any such forward-looking informaEon or to publicly
announce the result of any revisions to any of the forward-looking informaEon contained herein to reflect
future results, events, or developments, except as required by law.
Neither TSX Venture Exchange nor its RegulaEon Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.