July 6, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — EMC Metals Corp. (TSX: EMC) said that it has closed a non-brokered private placement to raise gross proceeds of $294,770. The non-brokered private placement consisted of 2,947,702 units at a price of $0.10 per unit. Each unit is comprised of one common share of the company and one half of a share-purchase warrant.

Each full share-purchase warrant will entitle the holder to acquire one common share of the company at a price of $0.18 for a term of one year from the date of issuance.

All securities issued under the non-brokered private placement are subject to a hold period expiring four months after the closing date.

EMC said it will use the proceeds from this financing for general working capital, including metallurgical test work on the Nyngan Scandium Project joint venture in New South Wales, Australia.

Canada-based EMC Metals is focused on application of its in-house and patented mineral recovery technologies in specialty metal and rare earth projects. EMC's high priority development opportunity is the Nyngan Scandium JV with Jervois Mining Ltd. of Melbourne, Australia.

EMC also holds two tungsten assets; the Springer Tungsten property in Nevada, USA and the Fostung Tungsten project in Ontario, Canada.

EMC also holds the Carlin Vanadium property, near Carlin, Nevada.

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