Electric Metals (USA) Limited to Divest Non-Core Nevada Silver Assets

Electric Metals (USA) Limited has announced the sale of non-core Nevada silver assets to Ameerex Corporation. The agreement, dated January 30, 2026, involves Electric Metals selling its subsidiaries, North American Silver Corporation and Centennial Mining.

The assets include the Corcoran silver-gold and Belmont silver properties in Nevada. The Corcoran project is an advanced exploration-stage silver-gold property, while Belmont is a historically significant silver mining area.

Ameerex will pay US$3.5 million for the purchase, with payments scheduled over 180 days. Electric Metals retains a 2.5% net smelter return royalty on production from both properties. The transaction aligns with the company's strategic shift towards advancing its manganese projects.

This move supports the company's focus on its North Star Manganese Project in the U.S., aiming to strengthen its balance sheet and optimize capital allocation.