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Electric Metals (USA) Limited Closes $4 Million Non-Brokered Private Placement
Accessnewswireยท 2025-10-24 21:50
Core Viewpoint - Electric Metals (USA) Limited has successfully closed a non-brokered private placement, raising approximately C$4 million to support its North Star Manganese Project in Minnesota, which is crucial for the U.S. domestic supply of high-purity manganese products for the electric vehicle battery and energy sector [1] Financing Details - The financing was led by Eric Sprott and Crescat Capital [1] - The gross proceeds from the private placement amount to around C$4 million [1] Project Implications - The funds will be utilized to advance the North Star Manganese Project [1] - The project aims to support the supply of high-purity manganese sulfate monohydrate (HPMSM) for the U.S. electric vehicle battery and energy sector [1]