Mr. Brian Savage reports

ELECTRIC METALS (USA) LIMITED ANNOUNCES CHANGE OF AUDITOR

Following a transition initiated by Electric Metals (USA) Ltd., Baker Tilly WM LLP has ceased to act as auditor of the company, effective Feb. 4, 2026. The company thanks Baker Tilly for its professional services and support during its tenure as auditor. The company's board of directors has appointed PricewaterhouseCoopers LLP (PwC) as the company's new auditor, effective immediately, to hold office until the next annual general meeting of shareholders.

There were no reportable events (as such term is defined in National Instrument 51-102, Continuous Disclosure Obligations) between the company and Baker Tilly during Baker Tilly's most recently completed financial year and the period from the end of that financial year to the date of Baker Tilly's resignation.

The resignation of Baker Tilly and the appointment of PwC were reviewed and approved by the company's audit committee and board of directors. The company has filed a notice of change of auditor, together with the required letters from Baker Tilly and PwC, with the applicable securities regulatory authorities in accordance with National Instrument 51-102.

About Electric Metals (USA) Ltd.

Electric Metals (USA) is a United States-domiciled critical minerals and advanced materials company developing the North Star manganese project, a 100-per-cent-U.S.-domestic manganese supply chain supporting the electrification of everything.

The company's principal asset is the Emily manganese deposit in Minnesota, the highest-grade manganese deposit in North America. The North Star manganese project comprises a manganese mine in Emily, Minn., and a planned high-purity manganese sulphate monohydrate (HPMSM) chemical processing facility in the United States.

The project has been the subject of extensive technical evaluation, including a preliminary economic assessment prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Electric Metals' mission is to establish a secure, resilient and fully domestic U.S. supply of high-purity manganese chemical and metal products for electric vehicle and energy storage batteries, defence, technology, and industrial markets. With no current domestic production of manganese ore or battery-grade manganese in North America, the North Star manganese project represents a strategic opportunity to strengthen U.S. industrial capability, reduce foreign supply chain dependence, and support domestic manufacturing and national security objectives.

We seek Safe Harbor.