on Electric Metals (USA) Limited (CVE:EML)
Electric Metals (USA) Limited Transitions to Delaware Corporation
Electric Metals (USA) Limited has successfully transitioned from a British Columbia corporation to a U.S. corporation governed by Delaware laws. This change aligns the company with its U.S.-based operations and assets, including its flagship North Star Manganese Project in Minnesota. The transition was approved by shareholders and is pending final acceptance from the TSX Venture Exchange.
The change to Delaware domicile includes a new certificate of incorporation, but does not affect daily operations or strategic direction. The company's authorized share capital, however, now comprises a fixed maximum of 1,000,000,000 shares. Despite these changes, the ongoing business strategy and market trading remain uninterrupted.
Brian Savage, CEO, expressed optimism, stating this move strengthens the company's positioning within U.S. markets and aligns with long-term objectives. Despite changes in corporate structure, Electric Metals' focus on advancing domestic high-purity manganese production continues.
R. H.
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