RSS SubscribeWilmington, Delaware – March 16, 2026 – Electric Metals (USA) Limited (TSXV: EML| OTCQB: EMUSF) (the “Company”) a U.S.-based critical minerals and advanced materials company, today announced that it entered into a definitive purchase and sale agreement (the “Agreement”) effective as of January 30, 2026 and received the initial purchase payment of US$300,000 from Ameerex Corporation (OTC Pink: HIRU), an arm’s length Georgia, USA-based energy and mineral company (“Ameerex”), pursuant to which the Company has agreed to sell its wholly owned subsidiaries North American Silver Corporation and Centennial Mining, together with their respective assets located in Nye County, Nevada (the “Transaction”).
The assets being sold include the Corcoran silver-gold and Belmont silver properties, comprising unpatented federal lode mining claims and certain lease purchase options on patented mining claims. The Transaction represents a disposition of non-core assets and is consistent with the Company’s strategic focus on advancing its core manganese projects.