Electric Metals Usa Limited · TSXV:EML
Electric Metals Usa — Investor Presentation (March 2026)
25 slides from Electric Metals Usa's investor presentation, March 2026
Slide 1: Advancing America's Manganese Supply Chain
Advancing America’s Manganese Supply Chain Powering the Electrification of Everything Domestic Supply. Domestic Production. Secure Supply Chain U.S. Domestic Asset Multi-Sector Demand Critical Mineral Supply Flagship North Star EV, defense, technology Addressing 100% U.S. Manganese Project & industr
Slide 2: Cautionary Statement
Cautionary Statement PRESENTATION DISCLAIMER effective manner; uncertainties related to receiving and maintaining exploration, environmental, and other permits or approvals in the United States; demand for gold, silver, and base metals; the impact of increasing competition Information provided in th
Slide 3: The Electrification of Everything is Happening
The Electrification of Everything is Happening It won’t happen without batteries – Lots of batteries Most batteries don’t work without manganese… TSXV: EML OTCQB: EMUSF WWW.ELECTRICMETALS.COM
Slide 4: Executive Summary
Executive Summary Advancing America’s manganese supply chain North Star Manganese Project Electric Metals (USA) Limited is a U.S.-domiciled critical minerals and advanced materials company developing the Manganese mine in Minnesota North Star Manganese Project, a 100% U.S. domestic The Emily Mangane
Slide 5: Manganese Powers America's Security and Energy Future
Manganese Powers America’s Security and Energy Future Driven by national security priorities and growing battery demand Electrification National Defense The 4th most used 25 Mn Manganese is Essential for Modern Batteries Manganese is Critical for High-Strength Alloys metal on the planet Required for
Slide 6: U.S. Vehicle Sales Shift to Electrified Powertrains
U.S. Vehicle Sales Shift to Electrified Powertrains By 2035, ~68% of new U.S. vehicles will require battery metals U.S. Light Duty Vehicle Sales Projections Battery electric vehicles on American 8% 10% 2% 4% 20% roads are projected to 10% 15% 32% grow 6x by 2035, 10% driving unprecedented 11% ICE: I
Slide 7: Global High-Purity Manganese Supply and Demand
Global High-Purity Manganese (HP-Mn) Supply and Demand Demand growth outpaces supply growth Existing Producers Probable Possible Uncertain Supply Mn304 Supply HP Mn Demand HP Mn Demand w/o LMFPs 1,700 1,500 1,300 A structural supply deficit is emerging in kt of HP Mn metal contained 1,100 high purit
Slide 8: The U.S. Manganese Crisis
The U.S. Manganese Crisis The U.S. is reliant on manganese imports from Foreign Entities of Concern 100% THE PROBLEM The United States has ZERO domestic manganese production. IMPORT DEPENDENT CHINA’S MONOPOLY China controls 96% of global HPMSM processing and 98% of EMM capacity. The U.S. is entirely
Slide 9: The Critical Manganese Risk
The Critical Manganese Risk Why securing a domestic mine-to-metal supply chain can no longer wait ZERO DOMESTIC SUPPLY CHINA’S MARKET CONTROL America has no mines and no processing which China controls refined manganese and can leaves the country fully exposed. change price or access instantly. GEOP
Slide 10: Why Domestic Supply of Manganese Matters
Why Domestic Supply of Manganese Matters Manganese is a designated U.S. critical mineral National Economic Technological Environmental Security Stability Advancement Benefits • Designated critical mineral • Ensures stability and • Essential component in • Domestic production by the U.S. government s
Slide 11: Building America's Manganese Supply Chain
Building America’s Manganese Supply Chain There is currently no manganese mined in the U.S. OUR MISSION North Star Manganese Project Establish a secure, fully domestic U.S. supply of high- A 100% domestic U.S. project comprising a purity manganese (HPMSM) for electric vehicle and manganese mine in E
Slide 12: North Star Manganese Project
North Star Manganese Project Establishing the only mine-to-metal producer in North America North Star Manganese Project • First manganese mine to manganese chemicals (HPMSM) project produced entirely in the U.S. Emily Manganese Deposit • HPMSM, EMD and EMM used in defense systems aircraft, tanks, sh
Slide 13: Compelling Industry Dynamics
Compelling Industry Dynamics Strong demand outlook supported by policy and supply gaps FAVORABLE REGULATORY AND OPERATING ENVIRONMENT RECESSION RESISTANT Manganese added to U.S. Critical Elements list in 2018. Demand for high purity manganese is expected to surge Government streamlining permitting a
Slide 14: Emily Manganese Project Deposit Location
Emily Manganese Project Deposit Location POWER & GAS SKILLED MINING • Adjacent 69 AC power WORKFORCE line and three larger Minnesota supplies > 90% of lines nearby domestic U.S. iron ore • Major trunk gas pipeline production; Emily can leverage 20 miles south off the existing skilled workforce. Emil
Slide 15: How the Emily District was Formed
How the Emily District was Formed Deposited 2.2 to 1.7 billion years ago Similar to the current formation of deep-sea manganese reefs and nodules. TSXV: EML OTCQB: EMUSF WWW.ELECTRICMETALS.COM March 2026
Slide 16: Emily Mineral Resource Footprint
Emily Mineral Resource Footprint Drill hole coverage across the Emily Manganese Deposit The upgraded Mineral Resource Estimate is based on a geological model incorporating data from 29 diamond core holes drilled by NSM in 2023 in the eastern and central portion of the Emily Manganese Deposit, and hi
Slide 17: Confirmed High-Grade NI 43-101 Resource
Confirmed High-Grade NI 43-101 Resource North Star Manganese Project Resource Estimate Cutoff Metric Tons Density NI 43-101 North Star Class Mn (%) Fe (%) SiO₂ (%) Manganese Project (Mn%) (kt) (g/cm³) Resource Estimate 15 5,231.23 3.11 22.02 21.85 27.72 Calculated By Forte Dynamics, August 2025 Indi
Slide 18: Preliminary Economic Assessment (PEA) Results
Preliminary Economic Assessment (PEA) Results Emily Manganese Mine HIGHLIGHTS • Mining Method: Underground, Stopes underhand Cut-and-Fill confirmed as the most effective method • Mining Recovery: 90% of estimated resources Mine Access Mine Shaft • Manganese Recovery: 89% of Ventilation Shaft contain
Slide 19: Emily Metallurgical Test Work Results
Emily Metallurgical Test Work Results Achieved >95% HPMSM Leach Extractions Product Potential: Confirmed the potential for producing High- !"#$%&'#() *+,+-%.(#/%." &0123#(4.%5 1"0.%0%03$4 %005&+ HISTORICAL RECORDS purity Manganese Sulfate Monohydrate (HPMSM), Electrolytic • United States Bureau of M
Slide 20: PEA Base Case Highlights
PEA Base Case Highlights Robust Economics – Proceed to Pre-Feasibility Study $1.39B 43.5% $249.6M After-Tax NPV (10%) After-Tax IRR Avg. Annual After-Tax Cash Flow ECONOMICS Initial capital $474.8 million Significant optimization potential across all aspects — geology, Process plant expansion $150 m
Slide 21: Responsible Development and Permitting Pathway
Responsible Development and Permitting Pathway The Path to Domestic Manganese Production LOW IMPACT MINERALOGY UNDERGROUND MINING (Small Surface Footprint) • Manganiferous Iron Formation in Minnesota's Cuyuna Iron • Underhand cut and fill mining to minimize surface disturbance Range and keeps the fo
Slide 22: Key Goals & Development Roadmap
Key Goals & Development Roadmap Near-term catalysts across five parallel workstreams NEXT 3 MONTHS NEXT 6 MONTHS NEXT 12 MONTHS Initiate mineralogy, ore characterization, Optimize ore characterization, crushing, and Continue and advance metallurgical test work crushing, and grinding studies to suppo
Slide 23: Corporate Snapshot
Corporate Snapshot Electric Metals (USA) Limited | TSXV: EML | OTCQB: EMUSF CAPITAL STRUCTURE (February 28, 2026) MULTI-DISCIPLINARY EXECUTIVE TEAM & BOARD Shares Outstanding 201,883,424 Brian C. Savage MS BS CEO & Director Quinton Hennigh PhD MS BS Chairman Entrepreneurial business executive with a
Slide 24: Key Takeaways
Key The electrification of everything requires Highest-grade manganese deposit in North America Robust PEA economics (After-tax NPV₁₀% Takeaways manganese. with a 100% domestic U.S. mine and planned HPMSM plant. US$1.39B; IRR 43.5%) with significant optimization potential. Uniquely positioned to sup
Slide 25: Advancing America's Manganese Supply Chain
Advancing America’s Manganese Supply Chain +1-303-656-9197 info@electricmetals.com www.electricmetals.com U.S. Registered Office 109 West 13th Street Wilmington, Delaware 19801 TSXV: EML OTCQB: EMUSF
Electric Metals (USA) — Investor Presentation (March 2026) on 6ix