Electric Metals completes continuance to B.C.
2025-10-02 20:00 ET – News Release
Mr. Brian Savage reports
ELECTRIC METALS (USA) LIMITED ANNOUNCES CONTINUANCE TO BRITISH COLUMBIA
Electric Metals (USA) Ltd. has completed its previously announced continuance from a corporation governed by the Canada Business Corporations Act into a corporation governed by the Business Corporations Act (British Columbia).
Following the continuance, the company is 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 Sept. 4, 2025.
The company has received conditional acceptance of the continuance from the TSX Venture Exchange. Final acceptance remains subject to the company satisfying certain customary filing requirements with the TSX-V.
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 TSX-V and OTCQB remain unchanged.
The company believes that the continuance provides increased flexibility under the corporate laws of British Columbia, which TSX-V-listed issuers more commonly use. It aligns the company with standard practices for junior mining companies.
Brian Savage, chief executive officer 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 TSX-V-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.”
About Electric Metals (USA) Ltd.
Electric Metals is a United States-based critical mineral company advancing manganese and silver projects that support the clean energy transition. The company’s principal asset is the North Star manganese project in Minnesota, the highest-grade manganese deposit in North America. The project 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 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 company’s shareholders.
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