Developing Battery Grade Manganese for Domestic USA Supply
Stock Code:
TSXV:EML, OCTQB:EMUSF
Company Exposure:
Manganese
Project Locations:
Minnesota, North America
Electric Metals (USA) Limited 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.
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:
- NI 43-101 resource with 10% cutoff grade averages 19.3% manganese at indicated levels and 17.5% at inferred levels
- Several historical drill holes have intersected grades above 50% manganese large deposit
Large Deposit:
- Roughly 2.1Mt of contained manganese in indicated and inferred classifications assuming 10% cutoff grade; roughly 4.2Mt assuming 5% cutoff grade (based on NI 43-101)
- Independent modelling of over 70 historical drill holes suggests a much larger deposit
- Resource could allow for well over 50-year mine life
Location, Location, Location:
- Strategically located near the industrial heartland of America
- Infrastructure and local ecosystem in place due to long history of mining in the region
- Avoids costly, unreliable, and complex overseas supply chains
Significant Capital Already Invested:
- Millions invested in technical studies, drilling, local infrastructure, process development, and pilot processes
- Provides valuable knowledge about the resource as well as mill buildings that can be leveraged
Full Company Profile
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