Electric Metals Files the Upgraded Emily, Minnesota Manganese Project NI 43-101 Technical Report Confirming the Highest Grade Manganese Resource in North America

• At a 10% cutoff grade, Indicated Resources increased by 20.9% to 6.2 million metric tons, with a grade of 19.27% manganese, and Inferred Resources increased by 596.5% to 4.9 million metric tons, with a grade of 17.50% manganese

• Large tonnage expansion associated with eastern in-fill and central step-out drill holes, the western zone of the deposit remains open and is recommended for expansion

• 29 new holes drilled, 22 of which reported substantial zones of +25% manganese, and 19 new drill holes reported significant intercepts of 35% to +50% manganese

• Current manganese extractions exceeding 95% recovery, with testing ongoing

TORONTO, ON / ACCESSWIRE / May 27, 2024 / Electric Metals (USA) Limited ("Electric Metals", "EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) is pleased to announce the filing of the upgraded Mineral Resource Estimate for the 100% owned Emily Manganese Project in central Minnesota. The Mineral Resource Estimate was prepared in accordance with National Instrument 43‐101 ("NI 43‐101") by Forte Dynamics, Inc. ("Forte").

The upgraded Mineral Resource Estimate is based on a geological model incorporating data from the 2023 drilling program by North Star Manganese Inc (NSM), a subsidiary of the Company, and historical drilling in 2011 and 2012. The estimate confirms and expands the previous Mineral Resource Estimate from 2022. Results of the upgraded Mineral Resource Estimate (Table 1) are as follows:

Table 1: Emily Classified Mineral Resource Estimate (k metric tons)

Foto: Accesswire

Notes associated with Table 1 were reported in the April 9, 2024 Electric Metals (USA) Limited press release.

Brian Savage, CEO, Electric Metals, commented "We are pleased to file the upgraded NI 43-101 Mineral Resource Estimate for our Emily Manganese Project in Minnesota, confirming the highest grade manganese resource in North America and solidifying our position as a key player in North America's manganese market. Our plan going forward is to convert these resources into high-grade mineable reserves, and to advance the metallurgical testing to refine and optimize the flow sheet for the production of high-value, high-grade manganese chemicals and products."