Developing Battery Grade Manganese for Domestic USA Supply
Electric Metals has the highest-grade manganese deposit in North America and is poised to emerge as a low-cost producer of 100% domestically sourced, high-purity, battery grade, manganese products (HPMSM) for the electric vehicle battery and energy storage sectors
Stock Code:
TSXV:EML, OCTQB:EMUSF
Company Exposure:
Manganese
Project Locations:
Minnesota, North America
Electric Metals (USA) Limited is a Canadian-listed, development company focused on producing metals crucial for the green energy transition, driving the electrification of mobility, and supporting energy storage solutions.
The company’s flagship asset is the Emily Manganese Project in Minnesota, USA, which contains North America’s highest-grade manganese deposit. Manganese is a key metal in the EV battery / energy storage revolution due to its prominent role in lithium-ion battery chemistries.
Investment Highlights
Highest Grade Manganese Deposit in North America:
- Average grade over 18% is more than double other known deposits in North America
- High-grade manganese deposit positions the company to be a low cost domestic producer of HPMSM
- Domestic supply of battery grade manganese is a dream scenario for North American battery manufacturers
Fourth Most Widely Used Metal on the Planet:
- Used in making steel, metal alloys, batteries, aluminum cans, as a fertilizer, in animal feed, in wastewater treatment, and water purification
- 2-3% goes into batteries, including electric vehicle lithium ion batteries
- Nickel-manganese-cobalt dominant lithium ion battery chemistry with 60% market share
Critical Mineral Designation March 2022:
- 100% of the US supply of manganese is imported. No domestic production
- DOD and DOE funding opportunities
Green Energy Transition is Coming Like it or Not:
- Social mood, government regulation, and incentives are driving electrification of everything
- Electrification of vehicles is driving significant demand for HPMSM
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