Electric Metals announces private placement offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2025
0mins
Source: SeekingAlpha
Private Placement Announcement: Electric Metals (USA) Limited plans to conduct a non-brokered private placement of up to 10 million units at CAN$0.12 per unit, aiming to raise gross proceeds of up to CAN$1.2 million.
Use of Proceeds: The funds will be allocated towards advancing initiatives such as a preliminary economic assessment of the Emily manganese mine, environmental studies, and general working capital.
Analyst Views on CA
Wall Street analysts forecast CA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 25.020
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Current: 25.020
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
