15:06:57 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Electric Metals (USA) Ltd
Symbol EML
Shares Issued 144,712,683
Close 2024-04-08 C$ 0.19
Market Cap C$ 27,495,410
Recent Sedar Documents

Electric Metals receives Emily resource estimate

2024-04-09 15:48 ET - News Release

Mr. Brian Savage reports

ELECTRIC METALS (USA) LIMITED RECEIVES EXPANDED MINERAL RESOURCE ESTIMATE FOR THE EMILY MANGANESE PROJECT, MINNESOTA. THE HIGHEST-GRADE MANGANESE DEPOSIT IN NORTH AMERICA

Electric Metals (USA) Ltd. has received the expanded mineral resource estimate for the 100-per-cent-owned Emily manganese project in central Minnesota. Emily is the highest-grade manganese deposit in North America. The Mineral Resource was prepared in accordance with National Instrument 43-101 ("NI 43-101") by Forte Dynamics, Inc. ("Forte").

The Mineral Resource Estimate is based on a geological model incorporating data from 29 diamond core holes drilled by Electric Metals in 2023 in the eastern and central portion of the Emily Manganese Deposit, and historical drilling data from 7 diamond core holes drilled in 2011 and 2012 in the eastern portion of the deposit. The drilling overlays a planned, but not executed, former U.S. Steel iron ore - manganese mine proposed in 1959. The current estimate confirms and expands the previous Mineral Resources. The current estimate is based on the most detailed geological model of the Emily Manganese deposit to date, which significantly enhances the understanding of grades and zonation within the deposit.

The Emily Manganese Deposit is in the northern portion of Minnesota's Cuyuna Iron Range in Crow Wing County, near the town of Emily. The Emily Deposit, a sedimentary iron deposit, is hosted by rocks of the Paleoproterozoic Animikie Basin, an early Proterozoic geologic terrane, which occupies much of east central Minnesota. The stratigraphy, structure, and high-grade manganese mineralization within these rocks is the result of long periods of sedimentation, deformation, and erosion along the ancestral southern margin of the Superior Craton. The Cuyuna Iron Range is traditionally divided into three districts, the Emily District, the North Range, and the South Range. While mined principally for iron ore, large quantities of manganese were extracted as manganiferous iron ores from several mines in the Cuyuna Iron Range from 1911 to 1967.

Further details supporting the geological model and the resource model estimation procedure will be available in an NI 43-101 Technical Report disclosing the results of the Resource Estimate which will be posted under the Company's profile at www.sedar.com within 45 days.

Brian Savage, CEO, Electric Metals, commented "We're thrilled to announce the expanded Mineral Resource Estimate for our Emily Manganese Project in Minnesota, solidifying our position as a key player in North America's manganese market. This significant increase in both Indicated and Inferred Resources underscores our dedication to maximizing the potential of the deposit. Our next objectives include conducting further drilling to progress these resources into a mineable reserve and conducting additional metallurgical testing to refine and optimize the flow sheet."

Qualified Person

The scientific and technical data contained in this news release was reviewed and approved by Mr. Donald E. Hulse, who is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Electric Metals (USA)

Limited Electric Metals (USA) Limited (TSXV:EML)(OTCQB:EMUSF) is a U.S.-based mineral development company with manganese and silver projects geared to supporting the transition to clean energy. The Company's principal asset is the Emily Manganese Project in Minnesota, which has been the subject of considerable technical studies, including a National Instrument 43-101 Technical Report - Resource Estimate, with over US$26 million invested to date. The Company's mission in Minnesota is to become a domestic U.S. producer of high purity, high value manganese metal and chemical products for supply to U.S. energy, technology and industrial markets. With manganese playing a critical and prominent role in lithium-ion battery formulations, and with no current domestic supply or active mines for manganese in North America, the development of the Emily Manganese Project represents a significant opportunity for America, the State of Minnesota and for the Company's shareholders.

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