News Releases

February 14, 2012
EMC Announces USD$3,000,000 Loan Financing

Reno, Nevada -- February 14, 2012 -- EMC Metals Corp. (the "Company" or "EMC") (TSX: EMC) announces that it has engaged an agent to place a loan for the Company in the amount of USD$3,000,000. The loan is expected to have a maturity date of 18 months from the closing date and interest payable monthly in arrears at a rate of 7% per annum. The lender may convert a maximum of USD$2,000,000 of the principal amount of the loan into 10,000,000 common shares of the Company. In connection with the loan, the Company intends to issue 3,000,000 warrants to the lender, each warrant exercisable into one common share of the Company at an exercise price of CAD$0.20 per share for a period of 24 months from the closing date. The Company will agree to use commercially reasonable efforts to file a registration statement in the United States, qualifying any common shares issuable for resale.

The Company will pay a cash commission of USD$150,000 and issue 750,000 agent's warrants to the agent. Each agent's warrant will be exercisable into one common share of the Company at an exercise price of CAD$0.20 per share for a period of 24 months from the closing date. 

The loan will be secured by an interest in the assets of the Company's subsidiary, Springer Mining Company. The loan will be used by the Company to fund the advancement of the Company's metal and mineral properties and for general working capital purposes.

Closing of the Loan is subject to the approval of the Toronto Stock Exchange.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein. The securities have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws, or qualified by prospectus under Canadian securities law, and may not be offered or sold within the United States or to United States Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available or within Canada or to persons in Canada unless qualified by prospectus under Canadian securities laws or an exemption from such requirement is available.

For additional information please contact:

EMC Metals Corp.
Investor Relations-Nevada: (775) 355-9500 or , or
Kelly Boatright, The Windward Agency, Charlotte, NC ---Toll Free 1-866-583-6300

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 

This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. Specifically, closing of the financing is subject to the terms and conditions contained in the transaction documents, including stock exchange approval, and is subject to market conditions.

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