Electric Metals (USA) Limited Announces Grant of Deferred Share Units
On Thursday, July 02, 2026 at 7:30AM ET
Electric Metals (USA) Limited Announces Grant of
Deferred Share Units
WILMINGTON, DE / ACCESS Newswire / July 2, 2026 / Electric Metals (USA) Limited ("Electric Metals" or the
"Company") (TSXV:EML)(OTCQB:EMUS) announces that it has granted an aggregate of 468,643 Deferred Share Units
("DSUs") to non-executive members of its Board of Directors on June 30, 2026.
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 June 30, 2026. The grant of DSUs is intended to align the interests of the Company's non-executive directors with
those of its shareholders.
About Electric Metals (USA) Limited
Electric Metals (USA) Limited (TSXV:EML)(OTCQB:EMUS) is a U.S.-domiciled critical minerals and advanced materials
company developing the North Star Manganese Project to establish a fully domestic U.S. supply of high-purity manganese
products for battery, defense, infrastructure, technology, and industrial markets.
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 U.S.-based processing facility designed to produce high-purity manganese sulfate monohydrate (HPMSM) and electrolytic
manganese metal (EMM). 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 strengthen America's critical mineral independence by developing a secure domestic supply of high-
purity manganese chemical and metal products for North American electric vehicle and energy storage batteries, defense
applications, critical infrastructure, specialty alloys, advanced technologies, and industrial uses.
With manganese playing an increasingly important role in lithium-ion battery formulations and with no current domestic U.S.
production of manganese ore, HPMSM, or EMM, the development of the North Star Manganese Project represents a strategic
opportunity to reduce dependence on foreign supply chains and support U.S. industrial, energy, and national security priorities.
For further information, 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.
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 sulfate monohydrate ("HPMSM"), electrolytic
manganese metal ("EMM"), and other high-purity manganese chemical and metal products; the advancement, development,
permitting, financing, construction, and potential future operation of the North Star Manganese Project, including associated
mining and processing facilities in the United States; 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 availability of financing on reasonable terms; the
receipt of required permits, approvals, and authorizations; commodity prices; exchange rates; the availability and cost of power,
reagents, labor, equipment, materials, 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, engineering, construction,
commissioning, ramp-up, metallurgical performance, processing, and infrastructure; inflationary pressures affecting capital and
operating costs; supply chain disruptions and the availability of critical equipment and materials; changes in laws, regulations,
government policies, incentives, tariffs, or programs affecting U.S.-domiciled issuers or domestic critical minerals projects and
battery supply chains; the ability to secure financing on acceptable terms, offtake arrangements, strategic partnerships, or
government support; commodity price and foreign exchange volatility; and general economic, market, and geopolitical
conditions.
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 could cause results to differ from those 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.
SOURCE: Electric Metals (USA) Limited