Electric Metals said it signed a definitive agreement to sell its Nevada silver assets by selling its subsidiaries North American Silver and Centennial Mining to Ameerex for total consideration of USD 3.5 million. The staged cash payments include USD 300,000 received on signing and USD 1.1 million due 90 days after execution. A final USD 2.1 million payment is due 180 days after execution, and Electric Metals will retain ownership and operational control until the final payment is made. Electric Metals will retain a 2.5% NSR royalty on production from the Corcoran and Belmont properties, subject to a 3% total royalty cap including existing third-party royalties. Ameerex can repurchase the combined NSR royalties for USD 500,000 on or before the final purchase payment.

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: 202603131705ACCESSWRNAPR_____1147479) on March 13, 2026, and is solely responsible for the information contained therein.