Mr. Brian Savage reports

ELECTRIC METALS (USA) LIMITED ANNOUNCES GRANT OF DEFERRED SHARE UNITS

Electric Metals (USA) Ltd. granted an aggregate of 269,808 deferred share units to non-executive members of its board of directors on Jan. 19, 2025.

The DSUs were granted under the company's omnibus equity incentive plan, which shareholders approved on Sept. 4, 2025, as subsequently amended and restated to reflect compliance with applicable U.S. tax and Delaware corporate law requirements. They were granted to the company's non-executive directors in respect of directors fees relating to the calendar quarter ended Dec. 31, 2025.

About Electric Metals (USA) Ltd.

Electric Metals is a United States-based critical mineral and advanced material company developing the North Star manganese project to 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-per-cent-U.S.-domestic project, comprising a manganese mine in Emily, Minn., and a high-purity manganese sulphate monohydrate 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).

Electric Metals' mission is to establish a fully domestic U.S. supply of high-purity manganese chemical and metal products for the North American electric vehicle and energy storage battery, defence, 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 company's shareholders.

We seek Safe Harbor.