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Electric Metals Confirms Non-Binding MOU Regarding Corcoran Canyon Property
VANCOUVER, BC / ACCESS Newswire / December 8, 2025 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) confirms that a recently publicized memorandum of understanding (the "MOU") relating to the potential sale of the Company's ...
About this update from Electric Metals Usa Limited
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / December 8, 2025 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) confirms that a recently publicized memorandum of understanding (the "MOU") relating to the potential sale of the Company's Corcoran Canyon silver-gold property in Nevada was announced by an unrelated third party and had not previously been disclosed by the Company. The MOU, dated December 4 and executed on December 5, 2025, is non-binding, non-exclusive, and cancellable by either party at any time, and is preliminary in nature and subject to negotiation and execution of a definitive agreement. No payments, expenditures, or other obligations are required unless such definitive agreement is executed, and there can be no assurance that the parties will enter into a definitive agreement or that any transaction will be completed. The Company confirms that the MOU does not constitute a material change in the Company's affairs.","length":1003,"tagName":"p"},{"type":"text","content":"About Electric Metals (USA) LimitedElectric Metals (USA) Limited (TSXV:EML)(OTCQB:EMUSF) is a U.S.-based critical minerals company advancing manganese and silver projects that 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.","length":748,"tagName":"p"},{"type":"text","content":"Electric Metals' mission is to establish an entirely 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...