05:16 PM EDT, 08/26/2025 (MT Newswires) -- Electric Metals (EML.V) after trade Tuesday released results of its preliminary economic assessment (PEA) for the 100% owned North Star Manganese Project, located in Emily, Minnesota.

The company said the study shows strong economic potential for the North Star Project, confirming its ability to become the first fully US-based producer of high-purity manganese sulphate monohydrate, a critical material for lithium-ion batteries.

Key results from the assessment include a post-tax net present value of US$1.39 billion, an after-tax internal rate of return of 43.5%, US$474.8 million of initial costs and a payback of just 23 months from the start of production, the company added.

"North Star represents a strategically significant opportunity not only for our shareholders, but also for the US as it seeks secure, low-carbon supplies of critical battery materials. This milestone underscores the importance of the Emily Manganese Deposit in supporting the clean energy transition, US manufacturing, and national security," Chief Executive Brian Savage said.

The company's shares closed down $0.02 to $0.135 on the TSX Venture Exchange.