Electric Metals Ends Agreement with Terrella Capital

Electric Metals (USA) Limited announced the termination of its business consulting services agreement with Terrella Capital Ltd. The decision to end the partnership, initially agreed upon on April 15, 2025, was mutual. As part of the termination, 250,000 stock options intended for Terrella have been canceled.

Electric Metals, which focuses on manganese and silver projects in the US, especially aims to capitalize on the Emily Manganese Project in Minnesota. This project is touted as North America's highest-grade manganese deposit and holds potential for involvement in the electric vehicle battery supply chain.

The company remains optimistic about the project's prospects despite inherent risks and uncertainties associated with future developments and approvals. Electric Metals continues to pursue its goal of becoming a domestic US producer of high-purity manganese for the North American market.