Electric Metals launches optimization program for US$ 1.39 billion North Star manganese project in Minnesota

Reuters2026/08/24 10:50

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Electric Metals launched a multi-workstream optimization program for its North Star Manganese Project in Minnesota to lift recoveries and cut costs.
The program targets improved ore selectivity, sensor-based ore sorting, lower chemical consumption, added separation steps, and updated downstream plant engineering.
A prior PEA outlined after-tax NPV of US$ 1.39 billion at a 10% discount rate, 43.5% after-tax IRR, US$ 249.6 million annual cash flow.
The development concept now includes a 10,000 tonnes per year EMM circuit within FEL-1 engineering, not included in the PEA.
Initial HPMSM output was set at 100,000 tonnes per year, rising to 200,000 tonnes per year in Year 3; updates are expected into 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Electric Metals (USA) Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202608240650ACCESSWRNAPR_____1210841) on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Electric Metals launches optimization program for US$ 1.39 billion North Star manganese project in Minnesota

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