Electric Metals Announces Grant of Deferred Share Units

On January 21, 2026, Electric Metals (USA) Limited announced the grant of 269,808 Deferred Share Units (DSUs) to non-executive board members. The DSUs are part of the company's Omnibus Equity Incentive Plan, approved in September 2025. This move is tied to directors' fees for the quarter ending December 31, 2025.

The initiative aligns with Electric Metals’ strategy to establish a U.S. supply of high-purity manganese products. The North Star Manganese Project in Minnesota is central to this vision, aiming to bolster domestic high-purity manganese production. Currently, the project has undergone substantial technical evaluation, including a Preliminary Economic Assessment.

Electric Metals emphasizes the strategic importance of this development in response to the growing demand for manganese in various sectors, notably electric vehicles and energy storage.