Business
Electric Metals (USA) Limited Announces Continuance to British Columbia
TORONTO, ON / ACCESS Newswire / 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 ...
About this update from Electric Metals Usa Limited
[{"type":"text","content":"TORONTO, ON / ACCESS Newswire / 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").","length":433,"tagName":"p"},{"type":"text","content":"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.","length":221,"tagName":"p"},{"type":"text","content":"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.","length":232,"tagName":"p"},{"type":"text","content":"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.","length":314,"tagName":"p"},{"type":"text","content":"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.","length":238,"tagName":"p"},{"type":"text","content":"Brian Savage, CEO of Electric Metals, commented: "The completion of our continuance into British 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 practices of other TSXV-listed issuers. Looking ahead, this step also positions us to potentially pursue a continuance into the State of Delaware, subject to regulatory requirements and other customary tax and legal considerations."","length":517,"tagName":"p"},{"type":"text","content":"About Electric Metals (USA) Limited","length":35,"tagName":"p"},{"type":"text",...