Electric Metals Confirms Non-Binding MOU Regarding Corcoran Canyon Property
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Electric Metals Confirms Non-Binding MOU Regarding Corcoran Canyon Property
Vancouver, British Columbia – December 8, 2025 – Electric Metals (USA) Limited (“EML” or the
“Company”) (TSXV: EML) (OTCQB: EMUSF) confirms that a recently publicized memorandum of
understanding (the “MOU”) relaLng to the potenLal sale of the Company’s Corcoran Canyon silver-gold
property in Nevada was announced by an unrelated third party and had not previously been disclosed by
the Company. The MOU, dated December 4 and executed on December 5, 2025, is non-binding, non-
exclusive, and cancellable by either party at any Lme, and is preliminary in nature and subject to
negoLaLon and execuLon of a definiLve agreement. No payments, expenditures, or other obligaLons are
required unless such definiLve agreement is executed, and there can be no assurance that the parLes will
enter into a definiLve agreement or that any transacLon will be completed. The Company confirms that
the MOU does not consLtute a material change in the Company's affairs.
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 is a 100% U.S. domestic project, comprising a
manganese mine in Emily, Minnesota , and a high-purity manganese sulfate monohydrate
(HPMSM) chemical plant in the U.S. It 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 an entirely domestic U.S. supply of high-purity manganese chemical
and metal products for the North American electric vehicle, battery, 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 the Company’s
shareholders.
For further informaHon, please contact:
Electric Metals (USA) Limited
Brian Savage
CEO & Director
(303) 656-9197
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 includes statements related to the potential sale of the Company’s Corcoran Canyon silver-
gold property in Nevada, the negotiation or execution of a definitive agreement, the possible terms of any
such definitive agreement, and the completion of any potential transaction. Forward-looking information
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is based on a number of assumptions. It is subject to a variety of known and unknown risks, uncertainties,
and other factors that could cause actual results and events to differ materially from those anticipated in
such forward-looking information. There can be no assurance that the parties will negotiate or enter into
a definitive agreement, that any transaction will occur, or that any contemplated transaction will be
completed on the terms contemplated, or at all.
Forward-looking information is based on reasonable assumptions, estimates , and expectations of
management at the time the information is provided. Although the Company has attempted to identify
important factors that could cause actual results to differ materially, there may be other factors that could
cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue
reliance on forward-looking information. The Company undertakes no obligation to update or revise any
forward-looking information except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation 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.