Business
Electric Metals Announces Positive PEA for the 100% US Domestic North Star Manganese Project Providing 100% U.S. Domestic Supply of HPMSM, Post-Tax NPV10% of US$1.39 Billion, IRR of 43.5%, and 23-Month Payback
Because the US is 100% Import Reliant on Manganese, the North Star Manganese Project Aligns with the Presidential Executive Orders on Critical Minerals TORONTO, ON / ACCESS Newswire / August 26, 2025 / Electric Metals (USA) Limited ("EML" or the "Company") ...
About this update from Electric Metals Usa Limited
[{"type":"text","content":"Because the US is 100% Import Reliant on Manganese, the North Star Manganese Project Aligns with the Presidential Executive Orders on Critical Minerals","length":151,"tagName":"p"},{"type":"text","content":"TORONTO, ON / ACCESS Newswire / August 26, 2025 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) is pleased to announce the results of its Preliminary Economic Assessment ("PEA") for the 100% owned North Star Manganese Project ("North Star" or the "Project") in Emily, Minnesota, prepared in accordance with NI 43-101 Standards of Disclosure for Mineral Projects by Forte Dynamics, Inc. ("Forte"), Fort Collins, Colorado.","length":513,"tagName":"p"},{"type":"text","content":"The PEA demonstrates robust economics, confirming North Star's potential to become the first fully U.S. domestic producer of high-purity manganese sulphate monohydrate ("HPMSM"), a critical material for lithium-ion batteries. As the U.S. remains 100% import-reliant on manganese, the Project also supports the Presidential Executive Orders on Critical Minerals, reinforcing the strategic importance of EML and its flagship Emily Manganese Deposit in Minnesota-the highest-grade manganese deposit in North America and a vital potential domestic source for EV batteries, energy storage, steelmaking, and defense.","length":624,"tagName":"p"},{"type":"text","content":"The PEA highlights a post-tax NPV10% of US$1.390 billion, an after-tax IRR of 43.5%, and a rapid payback of only 23 months from the start of production operations.","length":163,"tagName":"p"},{"type":"text","content":"PEA Highlights - Base Case","length":26,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Base Case Economics: After-tax NPV10% of US$1.390 billion, after-tax IRR of 43.5%, and average annual after-tax cash flow of US$249.6 million.","length":142,"tagName":"p"}]},{"val":[{"type":"text","content":"Updated Resource Estimate: Based on a 10% manganese cut-off, the Project reports 7.6 million tonnes of Inferred Resources at 19.1% Mn and 3.7 million tonnes of Indicated Resources at 17.0% Mn.","length":192,"tagName":"p"}]},{"val":[{"type":"text","content":"Ore Grades: Average manganese grade of 18.9% during the first 5 years of production, with a Life-of-Project average ...