Core Points - Electric Metals (USA) Limited intends to complete a non-brokered private placement of up to 13,333,334 units at a price of CAN$0.30 per unit for gross proceeds of up to CAN$4 million [1] Company Summary - The company is listed on TSXV under the ticker EML and on OTCQB as EMUSF [1] - The private placement is aimed at raising capital to support the company's operations and growth initiatives [1] Financial Summary - The offering is expected to generate gross proceeds of up to CAN$4 million [1] - Each unit will be priced at CAN$0.30, indicating a significant capital raise opportunity for the company [1] Market Context - The announcement reflects the company's strategy to secure funding through private placements, which is a common practice in the industry for financing growth [1] - The move may indicate positive market sentiment towards the company's future prospects [1]