Electric Metals (USA) Limited Announces Appointment of Brian Savage as Director
Electric Metals (USA) Limited Announces Appointment of Brian
Savage as Director
TORONTO, ON / ACCESSWIRE / March 11, 2024 / Electric Metals (USA) Limited ("EML"
or the "Company") (TSXV:EML)(OTCQB:NVDSF) is delighted to announce the appointment
of Mr. Brian Savage to the board of directors in addition to his position of President and Chief
Executive Officer. Mr. Savage will stand for election by the Shareholders of the Company at the
next Annual General Meeting.
As announced on February 1, 2024, the main goal for Mr. Savage is to further the evaluation and
advancement of the Emily Manganese Project in Central Minnesota and to transition the project
from a resource to an operating mine and high purity manganese processing plant. Mr. Savage is
eminently suited to this role. An American citizen and resident of Colorado, he holds an MSc in
Mineral Economics and a BSc in Mining Engineering from the Colorado School of Mines.
Mr. Savage has a long history of identifying, building, transforming and growing businesses in
the mining and metals industry. His most recent project has been the formation of a joint venture
to restart operations at the historic high grade Kisenge manganese mine facility in the
Democratic Republic of the Congo with the intention of producing high purity manganese sulfate
monohydrate (HPMSM) for the electric vehicle and energy storage sector.
His recent experience in the DRC has allowed him to develop a profound understanding of the
manganese markets including the production of high value, high purity manganese products for
the electric vehicle and energy storage markets.
Mr. Savage has a wealth of experience in exploration, development, production and project
financing. He has spent years developing mining projects in various countries including
Kazakhstan, Russia, Ukraine, Guinea and the Congo, as well as a number of operations in the
United States. He has worked with a large range of stakeholders, including property owners,
local communities, governmental and international entities and shareholders.
Mr. Savage stated "As the newly appointed CEO of Electric Metals, I am honored to be
appointed to the board of directors. As I stated before, Emily is the highest grade manganese
deposit in North America and presents a compelling opportunity to produce high value, high
purity manganese products. It aligns perfectly with market demands, addresses critical gaps in
the U.S. markets, and will propel Electric Metals toward a future of sustainable growth". The
Board of Electric Metals is confident that Mr. Savage has the right experience to advance the
Emily Manganese Deposit from a geologic, technical, economic and environmental viewpoint,
while maintaining a stewardship that is in the best interest of all stakeholders. During the last
year the company has expended great effort in exploration drilling with the aim to further
quantify the Emily Deposit. In the near future the Company expects to be able to announce an
updated mineral resource and the results of the ongoing metallurgical laboratory research testing
of the ability of Electrical Metals to produce battery grade high purity manganese sulphate
monohydrate (HPMSM) and other high grade manganese products from the Emily Manganese
Project ore.
About Electric Metals (USA) Limited
Electric Metals (USA) Limited (TSXV: EML) (OTCQB: EMUSF) is a U.S.-based mineral
development company with manganese and silver projects geared to supporting the transition to
clean energy. The Company's principal asset is the Emily Manganese Project in Minnesota,
which has been the subject of considerable technical studies, including a National Instrument 43-
101 Technical Report - Resource Estimate, with over US$26 million invested to date. The
Company's mission in Minnesota is to become a domestic U.S. producer of high purity, high
value manganese metal and chemical products for supply to U.S. energy, technology and
industrial markets. With manganese playing a critical and prominent role in lithium-ion battery
formulations, and with no current domestic supply or active 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 information, please contact:
Electric Metals (USA) Limited
Oliver Lennox-King
Chair of the Board
(416) 948-5699
Brian Savage
CEO and Director
(303) 656-9197
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.
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 is generally identifiable by use of the words "believes," "may,"
"plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects"
and similar expressions, and the negative of such expressions.
Forward-looking statements in this news release include, but are not limited to, statements with
respect to the appointment of Mr. Savage as Chief Executive Officer, Director, the
announcement of an updated mineral resource and the results of the metallurgical laboratory
research testing of the ability of Electrical Metals to produce battery grade high purity
manganese sulphate monohydrate (HPMSM) and other high-grade manganese products from the
Emily Manganese Project ore.
These statements address future events and conditions and so involve inherent risks,
uncertainties and other factors that could cause actual events or results to differ materially from
estimated or anticipated 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. Forward-looking information is based on the reasonable
assumptions, estimates, analysis and opinions of management made in light of its experience and
perception of trends, current conditions 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 attempted to identify important factors that
could cause actual results to differ materially from those contained in forward-looking
information, there may be other factors that cause results not to be as anticipated. There can be
no assurance that such information will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such information. Accordingly, readers should
not place undue reliance on forward-looking information.
All forward-looking information herein is qualified in its entirety by this cautionary statement,
and the Company disclaims any obligation to revise or update any such forward-looking
information or to publicly announce the result of any revisions to any of the forward-looking
information contained herein to reflect future results, events, or developments, except as required
by law.
SOURCE: Electric Metals (USA) Limited