Electric Metals

What Electric Metals does

Electric Metals (USA) Limited is a U.S.-domiciled (formerly Canadian) mineral exploration and development company whose stated mission is to become a leading North American producer of high-purity manganese chemical and metal products for the electric vehicle, defense, technology, and industrial sectors. The company's core asset is the North Star Manganese Project (Emily Manganese Deposit) in Crow Wing County, Minnesota, which is described as the highest-grade manganese resource in North America, with NI 43-101 Indicated Resources of 6.234 Mt at 19.27% Mn and 22.41% Fe, plus Inferred Resources of 4.915 Mt at 17.50% Mn and 20.44% Fe (Technical Report by Forte Dynamics, Inc., March 20, 2024). The company is developing downstream processing capabilities for High-Purity Manganese Sulfate Monohydrate (HPMSM) and Electrolytic Manganese Metal (EMM) and launched a Preliminary Economic Assessment for these facilities in May 2026.

The business model centers on becoming the first domestic U.S. manganese mine-to-chemicals project to address 100% U.S. import dependency for manganese ore. Revenue is intended to come from direct offtake agreements with EV battery manufacturers, defense contractors, technology companies, and industrial customers; the company is currently pre-revenue. The primary go-to-market motion is enterprise field sales targeting automotive OEMs, anchored by the Minerals for National Automotive Competitiveness Collaboration (MINAC) launched by Lucid Motors in July 2025 alongside Alaska Energy Metals, Graphite One, and RecycLiCo, in which Electric Metals is the designated manganese partner. The non-core Nevada silver assets (Corcoran and Belmont, 33.5M oz Ag-Eq) were divested to Ameerex Corporation for US$3.5 million in staged cash payments in early 2026, with Electric Metals retaining a 2.5% NSR royalty.

Capital is being raised through private placements on the TSX Venture Exchange (ticker: EML) and OTCQB (ticker: EMUS, changed from EMUSF in April 2026), with notable institutional investors Eric Sprott and Crescat Capital co-leading a C$4 million placement in October 2025. The company has 11-50 employees and is led by Group CEO Gary Lewis (per leadership table), with Brian Savage cited in earlier investor communications. The 2026 U.S. redomicile and the formation of investor relations agreements targeting European and North American capital markets round out a corporate strategy explicitly aligned with U.S. critical mineral policy objectives.

Name

Electric Metals

Legal name

Electric Metals (USA) Limited

Website

https://electricmetals.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Electric Metals (USA) Limited is a U.S.-domiciled mineral development company advancing North America's highest-grade manganese deposit in Minnesota into domestic production of HPMSM and EMM for EV battery, defense, technology, and industrial supply chains.

Ownership category

akta.pro rank

Product category

Manganese Mining and Critical Minerals Development

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (331110)

SIC

Metal Mining (1000)

akta.pro primary industry

Manganese Ore Mining & Concentrates (IMAKAFAF)

akta.pro secondary industries

Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)

Keywords

• Manganese mining
• Critical minerals
• EV battery materials
• Mineral exploration
• High-purity manganese

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Manganese Product Sales: The company plans to generate revenue through domestic production and sale of high-purity manganese chemical and metal products to EV battery manufacturers, defense contractors, technology companies, and industrial sectors. Currently pre-revenue as the North Star Manganese Project is in development stage.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Electric Metals is developing the North Star Manganese Project (Emily Manganese) in Crow Wing County, Minnesota, the highest-grade manganese resource in North America, with NI 43-101 Indicated Resources of 6.234 Mt @ 19.27% Mn. The company is advancing plans to produce high-purity manganese chemical and metal products (HPMSM and EMM) for electric vehicle batteries, defense, technology, and industrial sectors, building the first domestic U.S. manganese mine-to-chemicals project.

Product overview

Electric Metals (USA) Limited is a U.S.-based mineral exploration and development company with two primary assets: the North Star Manganese Project (Emily Manganese) in Minnesota, which is its core focus and represents North America's highest-grade manganese deposit, and the Nevada Silver Assets, which have been divested. The company is advancing from resource extraction toward downstream processing, with plans to produce high-purity manganese chemical products (HPMSM) and electrolytic manganese metal (EMM) for electric vehicle batteries, defense, technology, and industrial sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Emily Manganese (North Star Manganese Project) The core manganese resource project of Electric Metals, located in Crow Wing County, Minnesota. It is the highest-grade manganese deposit in North America, targeted at producing manganese and iron from a manganese-enriched banded iron formation. The resource serves as the foundation for downstream HPMSM and EMM production planned for the EV battery, defense, technology, and industrial sectors.
• High-Purity Manganese Sulfate Monohydrate (HPMSM) Planned high-purity manganese chemical product for electric vehicle batteries, part of the downstream processing facilities being evaluated in the North Star Manganese Project's Preliminary Economic Assessment. Intended for battery cathode manufacturers.
• Electrolytic Manganese Metal (EMM)

Quantifiable outcome

• 100% U.S. import dependency for manganese creates domestic market opportunity

Named customers1 record

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• Lucid MotorscoreStrategic or Co-development Partner · 23 July 2025Lucid Group launched the Minerals for National Automotive Competitiveness Collaboration (MINAC) with Electric Metals and three other critical mineral producers (Alaska Energy Metals, Graphite One, RecycLiCo) to strengthen domestic EV supply chains. The collaboration aims to complete offtake agreements, resolve commercialization barriers, and support procurement of domestically produced materials by U.S. automakers.
• Ameerex CorporationminorOthersAmeerex Corporation acquired Electric Metals' Nevada silver assets (North American Silver Corporation and Centennial Mining) for US$3.5 million in staged cash payments. Electric Metals retains a 2.5% NSR royalty on production from the Corcoran and Belmont silver properties.
• Euroswiss Capital PartnersminorGTM or Marketing PartnerInvestor relations and marketing agreement with Euroswiss Capital Partners for European market development and business recognition. Fixed consulting fee of CAD $90,000 over 12 months pending TSX Venture Exchange approval.
• Northern Venture GroupminorGTM or Marketing PartnerInvestor relations and marketing agreement with Northern Venture Group for promotional services across North America. Monthly fee of CAD $3,000 for initial six-month term pending TSX Venture Exchange approval.
• Alaska Energy MetalscoreStrategic or Co-development PartnerMINAC coalition partner developing nickel project in Alaska for domestic EV supply chains.
• Graphite OnecoreStrategic or Co-development PartnerMINAC coalition partner developing graphite production in Ohio and Alaska, with existing offtake agreement with Lucid Motors.
• RecycLiCocoreStrategic or Co-development PartnerMINAC coalition partner developing lithium-ion battery recycling technologies for domestic EV supply chains.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• South32 Limited: ASX-listed (S32) global diversified miner with significant manganese operations (GEMCO mine in Australia, ~33% of global seaborne manganese ore supply). The dominant incumbent in manganese mining; benchmarks global manganese cost curves and pricing dynamics relevant to Electric Metals' project economics.
• OM Holdings Limited: ASX-listed (OMH) manganese and silicon smelter operator with operations in Malaysia and South Africa. Established incumbent in manganese ferroalloy production; provides benchmark for downstream manganese processing economics and market dynamics.
• MP Materials Corp. NYSE-listed (MP) operator of Mountain Pass, the largest rare earth mine in the United States. Provides benchmark for U.S. domestic critical mineral development model, government policy alignment, and downstream processing strategy applicable to Electric Metals' mine-to-chemicals approach.

Direct peers

• Manganese X Energy Corp. TSX.V-listed (MN) developer of the Battery Hill manganese project in New Brunswick, Canada, focused on producing high-purity manganese sulfate for EV batteries. Similar pre-revenue stage, similar battery materials focus, and similar North American listing.
• Euro Manganese Inc. TSX/ASX-listed (EMN) developer of the Chvaletice Manganese Project in the Czech Republic — a high-purity manganese project targeting EV battery cathode materials. Directly comparable as a publicly-traded manganese developer targeting HPMSM production for European/North American battery supply chains.
• Element 25 Limited: ASX-listed manganese developer advancing the Butcherbird Manganese Project in Western Australia, also targeting high-purity manganese sulfate monohydrate (HPMSM) production for EV battery supply chain. Most directly comparable in terms of manganese-to-HPMSM vertical integration strategy.
• Graphite One Inc. TSX.V/OTCQB-listed (GPH) developer of the Graphite Creek project in Alaska, targeting battery-grade graphite for EVs. Co-founding MINAC partner with Electric Metals, providing direct comparability on stage, financing approach, and U.S. critical mineral strategy.
• Alaska Energy Metals Corporation: TSX.V-listed (AEMC) developer of the Nikolai Nickel Project in Alaska for EV battery materials. Co-founding MINAC partner, providing peer comparability on U.S. domestic critical mineral development strategy and offtake partnerships with Lucid Motors.

Emerging players

• RecycLiCo Battery Materials: TSX.V-listed (AMY) developer of lithium-ion battery recycling technologies for recovering critical minerals including manganese. Co-founding MINAC partner, offering comparable exposure to closed-loop critical mineral supply chains for the EV market.
• USA Rare Earth, Inc. Privately-held U.S. critical minerals developer focused on domestic rare earth and critical mineral production including magnet materials. Comparable as a U.S. domestic critical mineral developer pursuing downstream processing and offtake agreements with U.S. manufacturers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/emetalsusa
• Facebookfacebook.com/electricmetalsusa

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Electric Metals