Electric Metals Ltd. is delighted to announce the appointment of Mr. Brian Savage to the position of President and Chief Executive Officer, effective today. Mr. Savage replaces Mr. Gary Lewis who has resigned all positions with the Company. The Board thanks Mr. Lewis for his service to the Company and wishes him well in his future endeavours. The main goal for Mr. Savage is to further the evaluation and advancement of the [...]
Electric Metals Ltd. announces that its Chief Executive Officer, Gary Lewis, has submitted his resignation as an officer of the Company to take effect on March 1, 2024, or such earlier date as determined by the Board of Directors. Gary will remain involved with the Company until his departure and will work with the Board to find a replacement. The Company is already in talks with several highly qualified candidates and [...]
Sale proceeds delivers a combination of cash, shares and a multi-year exploration expenditure commitment. Enables EML to focus on developing the high-grade Emily Manganese Project, Minnesota, while retaining an economic interest in the Nevada silver assets. Electric Metals Ltd. is pleased to announce that it has entered into an option and acquisition agreement with Altair Resources Inc. for the sale of up to 100% of its [...]
Assay results from the final seven drill holes confirm that thick intersections of high-grade manganese extend along trend for more than 1,100 meters , containing grades up to 46.3% Mn in individual samples. Results include[1]: 46.30% Mn over 1.46 meters within 16.62% Mn over 20.60m 44.60% Mn over 1.43 meters within 12.31% Mn over 32.46m 42.60% Mn over 0.76 meters within 12.85% Mn over 64.68m 41.10% Mn over 1.43 meters [...]
EML obtains shareholder approval for creation of Quail Bend as "control person." EML closes final tranche of Quail Bend financing for aggregate gross proceeds of $5,000,000. Steve Durbin appointed to the Board of Directors. Electric Metals Ltd. , further to its press releases of August 29, 2023 and August 22, 2023 is pleased to announce it has closed the second and final tranche of its previously announced non-brokered [...]
Assay results from four step-out drill holes west of the deposit contain high manganese grades with up to 45.80% Mn in individual samples. Results include [1] : 40.94% Mn over 7.92 meters within 19.43% Mn over 39.93m 38.94% Mn over 3.23 meters within 19.12% Mn over 19.45m 45.80% Mn over 1.53 meters within 15.60% Mn over 20.21m Results from more western step-out drill holes at approximately 100m spacing are expected in coming [...]
Appointment of leading metallurgical laboratory, Kemetco Research Inc, to advance test work on manganese samples from the recently completed drilling program at the high-grade Emily Manganese Project, Minnesota, USA. Appointment of prominent US-based Mining Engineer, Mr. Timothy Arnold to add mine design, development and operational expertise to the EML Technical Advisory Board. Electric Metals Ltd. is pleased to announce [...]
Appointment of leading metallurgical laboratory, Kemetco Research Inc, to advance test work on manganese samples from the recently completed drilling program at the high-grade Emily Manganese Project, Minnesota, USA. Appointment of prominent US-based Mining Engineer, Mr. Timothy Arnold to add mine design, development and operational expertise to the EML Technical Advisory Board. Electric Metals Ltd. is pleased to announce [...]
Electric Metals Ltd. , further to its press release of August 22, 2023 is pleased to announce it has closed the first tranche of its previously announced non-brokered financing . Pursuant to the first tranche closing, the Company issued a total of 1,702,128 units at a price of $0.235 per Unit for gross proceeds of $400,000.08. Each Unit consisted of one common share in the capital of the Company and one share purchase [...]
Assay results from drilling to the west of the deposit contain some of the highest manganese grades intersected to date with up to 49.2% Mn in individual samples, including1: 40.07% Mn over 11.92 meters from 85.59 meters; and 39.01% Mn over 6.86 meters from 128.7 meters Drilling along the eastern part of the deposit also intersected high-grade manganese intervals, including: 34.65% Mn over 1.52 meters from 104.55 meters [...]
EML previously issued 5,319,149 Units to Quail Bend for gross proceeds of $1,250,000. EML has entered into subscription agreements for the purchase and sale of an additional 15,957,447 units for additional proceeds of $3,750,000, subject to, among other things, shareholder and TSX Venture Exchange approval. Electric Metals Ltd. , further to its press releases of May 16, 2023 and June 19, 2023, is pleased to announce it [...]
Electric Metals is pleased to announce that it has elected to accelerate the expiry date of the common share purchase warrants issued on January 5, 2023 pursuant to the warrant indenture between the Company and TSX Trust Companyand dated January 5, 2023, a copy of which is available under EML's profile on www.sedarplus.ca. The Warrants were issued in connection with a brokered private placement financing of 21,212,000 [...]
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