Electric Metals starts trading on OTCQB

Executive Summary

• Electric Metals (USA) Ltd. announced a change to its OTCQB ticker symbol from EMUSF to EMUS, reflecting its redomicile to the United States and the removal of the foreign issuer suffix.
• The company granted 318,429 Deferred Share Units (DSUs) to non-executive board members as compensation for the quarter ended March 31, 2026.
• The company’s listing on the TSX Venture Exchange remains unchanged under the symbol EML.

Key Details

• Ticker Symbol Change: The OTCQB ticker changed from EMUSF to EMUS.
• Reason for Change: Processed by FINRA following the company's redomicile to the United States, removing the 'F' suffix previously used for foreign issuers.
• TSX Venture Listing: Remains unchanged under the symbol EML.
• DSU Grant Details:
  • Recipient: Non-executive members of the board of directors.
  • Quantity: Aggregate of 318,429 Deferred Share Units (DSUs).
  • Grant Date: March 31, 2026.
  • Purpose: Issued in respect of directors' fees for the calendar quarter ended March 31, 2026.
  • Plan: Granted under the company's omnibus equity incentive plan.
  • Plan Approval: Approved by shareholders on September 4, 2025, and subsequently amended/restated to comply with U.S. tax requirements and Delaware corporate law.

Notable Quotes

• "Our OTCQB ticker, EMUS, reflects our transition to a U.S.-domiciled company and our focus on building a fully domestic manganese supply chain powering the electrification of everything-from batteries to defence and advanced manufacturing," said Brian Savage, chief executive officer of Electric Metals.