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Electric MetalsTSXV:EML

Manganese explorer, with a project stated to be in Cuyuna iron range in Minnesota.

NoneUnited States — as stated on the recordings

explorer manganese NoneUnited States
Jun 2026Covered
7 of 10Topics on record
1 executiveNamed on the record
Stage
Explorer
Primary commodity
Manganese
Jurisdiction
Cuyuna iron range in Minnesota
Deposit
highest grade Manganese deposit in North America
Latest appearance
29 Jun 2026
On record
1 interview · 12 statements · 1 executive

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
about 5% other stuff that can be easily separated
Management-stated Brian Savage Jun 2026
Grade
17 and 1/2% manganese ore
Management-stated Brian Savage Jun 2026
Capital needed
500,000 tons per year of production
Management-stated Brian Savage Jun 2026
What happens next
PEA released September
Management-stated Brian Savage Jun 2026
The main open question
Ore sorting—the critical technical step to separate manganese from silica and iron—has only undergone simulated test work, not proven at scale.
Weighed from the statements below, not our opinion of the company.
Our reading

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Electric Metals's own claims across 1 interview — most-covered theme first.

What outside voices pick up on

No independent commentary on record yet — so far the page carries only the company's own voice.

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says the Emily deposit is the highest-grade manganese ore in North America at 17.5%, positioned in an established Minnesota iron range with a PEA targeting 500,000 tons per year—potentially 30% of global high-purity manganese…

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

Management says the Emily deposit is the highest-grade manganese ore in North America at 17.5%, positioned in an established Minnesota iron range with a PEA targeting 500,000 tons per year—potentially 30% of global high-purity manganese supply. The team has prior mining company exits and US sector expertise.

▼ Bear case

Ore sorting—the critical technical step to separate manganese from silica and iron—has only undergone simulated test work, not proven at scale.

What it rests on
Evidence: 1 moment from 1 interview
Read the full case

Ore sorting—the critical technical step to separate manganese from silica and iron—has only undergone simulated test work, not proven at scale. No independent analyst or investor commentary is on record to validate the market claim, capex estimate, or the economic case for a $1B+ integrated project.

◆ Watch next

Completion and results of pilot or bulk ore sorting trials; independent feasibility study or third-party mining engineering review; market offtake agreements or customer validation of the 30% market-share thesis; regulatory and permitting…

What it rests on
Evidence: 1 moment from 1 interview
Read the full case

Completion and results of pilot or bulk ore sorting trials; independent feasibility study or third-party mining engineering review; market offtake agreements or customer validation of the 30% market-share thesis; regulatory and permitting progress in Minnesota.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 7 statements

The deposit 4

Key takeaway. Management describes the deposit as a manganiferous iron range and says it is the highest grade manganese deposit in North America, with 17½% manganese ore.

Read the full summary

The company reports that about 5% of the resource consists of other material that can be easily separated.

What was actually said
deposit type
highest grade Manganese deposit in North America
“the Emily Manganese deposit which is the highest grade Manganese deposit in North America”
Brian Savage· 29 Jun 2026·
deposit type
manganiferous iron range
“it's an historic um manganiferous iron ranges. It's in the Cuyuna iron range in Minnesota.”
Brian Savage· 29 Jun 2026·
grade
17 and 1/2% manganese ore
“we would expect to deliver 17 and 1/2% manganese ore from the mining operation.”
Brian Savage· 29 Jun 2026·
Show the other 1 statement
resource size
about 5% other stuff that can be easily separated
“there's about 5% of what I'll call other stuff um that we can easily separate.”
Brian Savage· 29 Jun 2026·

Jurisdiction 2

Key takeaway. Management says the company's project is located in the Cuyuna iron range in Minnesota, within the United States.

What was actually said
country
United States
“we're building the integrated manganese supply chain in the United States with our North Star Manganese project”
Brian Savage· 29 Jun 2026·
region
Cuyuna iron range in Minnesota
“It's in the Cuyuna iron range in Minnesota. Um so, it's in a historic district.”
Brian Savage· 29 Jun 2026·

Technical risk 1

What was actually said
key assumption
ore sorting to separate silica and iron from manganese
“We've recently done uh some the some uh simulate I'll call it simulated ore sorting test work.”
Brian Savage· 29 Jun 2026·

Economics 1 statement

Economics 1

What was actually said
capex
500,000 tons per year of production
“based on our PEA that we released back uh September um we're looking to develop this to 500,000 tons per year of production.”
Brian Savage· 29 Jun 2026·

Timeline 1 statement

Timeline 1

What was actually said
study due
PEA released September
“based on our PEA that we released back uh September”
Brian Savage· 29 Jun 2026·

Corporate 3 statements

Management 2

Key takeaway. Management highlights the team's relevant experience, stating that a mining engineer from the Colorado School of Mines also served as a director of Bank of Montreal's US mining and metals group.

Read the full summary

The company further reports that the team previously took three companies public in Kazakhstan and elsewhere.

What was actually said
prior exit
took three companies public in Kazakhstan and elsewhere
“we took three companies public, went to China for a couple of years”
Brian Savage· 29 Jun 2026·
track record
mining engineer from Colorado School of Mines, director Bank of Montreal US mining and metals group
“I'm I'm a graduate mining engineer from Colorado School of Mines. Was recruited by Bank of Montreal to become director of their US mining and metals group based in New York.”
Brian Savage· 29 Jun 2026·

Market 1

What was actually said
cost curve position
30% of the HPMSM market potential from 500,000 tons per year mine
“if we were to send it all to producing um HPMSM, then we could produce 30% of the market of HPMSM.”
Brian Savage· 29 Jun 2026·

Sources 1 interview

Every interview 1

DateChannelInterviewStatements
29 Jun 2026 Crux Investor Electric Metals (TSXV:EML) - America's Answer to Chinese Manganese Import Reliance 12

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

antofagasta 1
duluth metals 1
electrolytic manganese metal 1
glencore 1
high purity manganese sulfate monohydrate 1
manganese 1
toyota 1

Questions people ask

What is Electric Metals's project and where is it?

Electric Metals is a explorer manganese company, with a project stated to be in United States. Everything here is drawn from its executives' own interviews.

Which interviews mention Electric Metals?

We track 1 interview mentioning Electric Metals, across 1 channel (Crux Investor).

What are investors saying about Electric Metals?

No independent commentary is on record yet — so far the page carries only the company's own voice.

What do recent interviews with Electric Metals cover?

The most-discussed topics on record are the deposit, jurisdiction, management, economics — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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