EML.V · 2025-10-02 12:00:00

Electric Metals (USA) Limited Announces Con8nuance to Bri8sh Columbia

Corporate Updates

Toronto, Ontario, October 2, 2025: Electric Metals (USA) Limited ("EML" or the "Company") (TSXV: EML)

(OTCQB: EMUSF) is pleased to announce that it has completed its previously announced continuance (the

“Continuance”) from a corporation governed by the Canada Business Corporations Act into a corporation

governed by the Business Corporations Act (British Columbia) (the “BCBCA”).

Following the Continuance, the Company is now a corporation governed by the laws of British Columbia.

The Continuance was approved by shareholders at the Company’s annual and special meeting held on

September 4, 2025.

The Company has received conditional acceptance of the Continuance from the TSX Venture Exchange

(the “TSXV”). Final acceptance remains subject to the Company satisfying certain customary filing

requirements with the TSXV.

The Continuance does not affect the day-to-day operations of the Company or its business objectives. The

authorized share capital of the Company, the rights and restrictions attached to the Company’s

outstanding common shares, and the trading of the Company’s shares on the TSXV and OTCQB remain

unchanged.

The Company believes that the Continuance provides increased flexibility under the corporate laws of

British Columbia, which TSXV-listed issuers more commonly use. It aligns the Company with standard

practices for junior mining companies.

Brian Savage, CEO of Electric Metals, commented: “The comple*on of our con*nuance into Bri*sh

Columbia represents an important ﬁrst step in our corporate restructuring process. This provides us with

greater ﬂexibility under Canadian corporate law and aligns us with the prac*ces of other TSXV -listed

issuers. Looking ahead, this step also posi*ons us to poten*ally pursue a con*nuance into the State of

Delaware, subject to regulatory requirements and other customary tax and legal considera*ons.”

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 clean energy transition. The Company’s

principal asset is the North Star Manganese Project in Minnesota, the highest-grade manganese deposit

in North America. The Project 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, 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 informaIon, 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 is generally identifiable by words such as “believes,” “may,” “plans,” “will,” “anticipates,”

“intends,” “could,” “estimates,” “expects,” “forecasts,” “projects,” “targets,” “potential,” and similar

expressions, and the negative of such expressions.

Forward-looking information in this release includes, but is not limited to: statements regarding the

completion, timing and anticipated effects of the Company’s proposed two-step continuance (from the

Canada Business Corporations Act to the Business Corporations Act (British Columbia) and, subject to

completion of that step, to the Delaware General Corporation Law); the potential benefits of the

continuances, including increased flexibility, alignment with the Company’s strategic objectives, and

enhanced positioning for partnerships, financing and growth; the Company’s mission to establish a fully

domestic U.S. supply of high-purity manganese products for the electric vehicle, technology and industrial

markets; the advancement and strategic importance of th e North Star Manganese Project; and the

Company’s intention to provide further updates as appropriate.

These statements are based on the reasonable assumptions, estimates, analysis and opinions of

management as of the date hereof, including, without limitation, assumptions regarding: receipt of all

necessary shareholder, stock exchange, regulatory and governmental approvals; the ability to complete

the continuances on the anticipated timeline (or at all); the Company’s tax residency status and the

treatment of continuances under applicable tax laws; general business and economic conditions; the

availability of financing on reasonable terms; commodity prices and exchange rates; and the Company’s

ability to execute its strategy and advance project development.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may

cause actual results to differ materially from those expressed or implied by such forward -looking

information. Such risks include, but are not limited to: failure to obtain required approvals; delays or

inability to complete the continuances; legal, regulatory or tax changes affecting cross -jurisdictional

continuances; potential adverse tax consequences to the Company and/or its shareholders, including the

risk of exit taxes, deemed dispositions, changes in tax residency, loss or limitation of tax attributes, or new

or additional filing, withholding or payment obligations; risks inherent in mineral exploration and

development; risks related to metallurgical test work, processing, permitting and infrastructure;

availability and cost of power, reagents, labor and transportation; the ability to secure financing, offtake

and strategic partnerships; commodity price and foreign exchange volatility; and general mar ket

conditions.

If and to the extent any disclosure herein references the Preliminary Economic Assessment (PEA) for the

North Star Manganese Project, readers are cautioned that the PEA is preliminary in nature, includes

Indicated and Inferred Mineral Resources that are considered too speculative geologically to have the

economic considerations applied to them that would enable them to be categorized as Mineral Reserves,

and there is no certainty that the PEA will be realized. Mineral Resources that are not Mineral Reserves

do not have demonstrated economic viability.

Although the Company has attempted to identify important factors that could cause actual results to

differ, there may be other factors that cause results not to be as anticipated, estimated or intended.

Readers are cautioned not to place undue reliance on forward-looking information.

All forward-looking information in this news release is qualified in its entirety by this cautionary

statement. The Company disclaims any obligation to revise or update such forward-looking information

or to publicly announce the result of any revisions to reflect future results, events or developments, except

as required by law.

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.

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