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EMUSF / Electric Metals closes final tranche of Quail Bend financing; raises C$5M in total

Electric Metals closes final tranche of Quail Bend financing; raises C$5M in total
Electric Metals (TSX-V:EML) (USA) Limited said it has closed the second and final tranche of its previously announced non-brokered financing with Quail Bend LLC, issuing 14,255,319 company units, at a price of C$0.235 per unit, for gross proceeds of C$3,349,999.97 in the current tranche and C$5 million in total.   The mineral development company said a minimum of 80% of the funds raised from proceeds of the offering will be used on development of the Emily Manganese Project in Minnesota, including metallurgical and battery test work, process design, an updated NI 43-101 resource report, and advancing environmental and other technical studies. Read More
Posted: Oct 10 2023, 14:59
Author Name: Proactive Investors
Views: 112120

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Electric Metals reports high-grade manganese drill intersections at Emily project

By Proactive Investors
October 31, 2023

Electric Metals reports high-grade manganese drill intersections at Emily project

Electric Metals (TSX-V:EML) announced that assay results from the final seven drill holes of its recent program at its Emily manganese project in Minn more_horizontal

Electric Metals closes final tranche of Quail Bend financing; raises C$5M in total

By Proactive Investors
October 10, 2023

Electric Metals closes final tranche of Quail Bend financing; raises C$5M in total

Electric Metals (TSX-V:EML) (USA) Limited said it has closed the second and final tranche of its previously announced non-brokered financing with Quai more_horizontal

Electric Metals hails western extension at Emily Manganese Project with high-grade manganese drill intersections

By Proactive Investors
September 21, 2023

Electric Metals hails western extension at Emily Manganese Project with high-grade manganese drill intersections

Electric Metals (TSX-V:EML) (USA) Limited told investors that assay results from six additional drill holes at its high-grade Emily Manganese Project more_horizontal

Electric Metals announces start of new metallurgical test-work program; technical advisory board appointment

By Proactive Investors
August 31, 2023

Electric Metals announces start of new metallurgical test-work program; technical advisory board appointment

Electric Metals (TSX-V:EML) told investors it has appointed Kemetco Research to undertake new metallurgical test work on composites of selected drill more_horizontal

Electric Metals hails assays confirming extension of high manganese grades at Emily Manganese Project

By Proactive Investors
August 24, 2023

Electric Metals hails assays confirming extension of high manganese grades at Emily Manganese Project

Electric Metals (TSX-V:EML) (USA) Limited said assay results from core drilling at the Emily Manganese Project in Minnesota confirm that high manganes more_horizontal


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