Electric Metals (USA) Limited Announces Grant of Deferred Share Units
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Electric Metals (USA) Limited Announces Grant of Deferred Share Units
Wilmington, Delaware, January 21, 2026: Electric Metals (USA) Limited (" Electric Metals" or the
"Company") (TSXV: EML) (OTCQB: EMUSF) announces that it has granted an aggregate of 269,808
Deferred Share Units (“DSUs”) to non-executive members of its Board of Directors on January 19, 2025.
The DSUs were granted under the Company’s Omnibus Equity Incentive Plan, which shareholders
approved on September 4, 2025, as subsequently amended and restated to reflect compliance with
applicable U.S. tax and Delaware corporate law requirements. They were granted to the Company’s non-
executive directors in respect of directors’ fees relating to the calendar quarter ended December 31, 2025.
About Electric Metals (USA) Limited
Electric Metals (USA) Limited (TSXV: EML; OTCQB: EMUSF) is a U.S.-based critical minerals and advanced
materials company developing the North Star Manganese Project to 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 a fully domestic U.S. supply of high-purity manganese chemical and
metal products for the North American electric vehicle and energy storage battery, defense, 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 informaOon, 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,” “expects,” “plans,” “intends,” “may,”
“will,” “could,” “estimates,” “anticipates,” “projects,” “targets,” “potential,” and similar expressions, and
the negative of such expressions.
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Forward-looking information in this news release includes, but is not limited to, statements regarding: the
Company’s mission and strategy to establish a fully domestic U.S. supply of high -purity manganese
chemical and metal products; the advancement, development, permitting, financing, and potential future
operation of the North Star Manganese Project, including associated mining and processing facilities in
the United States; the anticipated benefits of the Company’s U.S.-domiciled corporate structure; and the
intended alignment of the interests of the Company’s directors with those of shareholders through the
grant of deferred share units under the Company’s equity incentive plans.
Forward-looking information is based on management’s reasonable assumptions, estimates, analysis, and
opinions as of the date of this news release, including, without limitation, assumptions regarding: the
continued effectiveness of the Company’s Delaware corporate structure; the availability of financing on
reasonable terms; the receipt of required permits, approvals, and authorizations; commodity prices;
exchange rates; availability and cost of power, reagents, labor, and infrastructure; and the Company’s
ability to execute its business strategy and advance its projects in a timely manner.
Forward-looking information involves known and unknown risks, uncertainties, and other factors that
may cause actual results or events to differ materially from those expressed or implied by such forward-
looking information. These risks include, but are not limited to: risks inherent in mineral exploration and
development; risks related to permitting, metallurgical test work, processing, and infrastructure; changes
in laws, regulations, or policies affecting U.S.-domiciled issuers or critical minerals projects; the ability to
secure financing, offtake arrangements, or strategic partnerships; commodity price and foreign exchange
volatility; and general economic, market, and geopolitical conditions.
If and to the extent this news release references a 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 classified 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
materially, 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 update or revise any forward-looking information,
except as required by applicable law.