Business
Electric Metals Announces Business Consulting Services Agreement With Terrella Capital
TORONTO, ON / ACCESS Newswire / April 15, 2025 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) announces it has entered into a business consulting services agreement with Terrella Capital Ltd. ("Terrella") from April ...
About this update from Electric Metals Usa Limited
[{"type":"text","content":"TORONTO, ON / ACCESS Newswire / April 15, 2025 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) announces it has entered into a business consulting services agreement with Terrella Capital Ltd. ("Terrella") from April 11, 2025 to October 11, 2025.","length":309,"tagName":"p"},{"type":"text","content":"Under the terms of the agreement, Terrella will research open market interest from investors within the context of bid/ask/volume price movements and will monitor and advise of any irregularities in capital market sentiment toward Company stock value.","length":251,"tagName":"p"},{"type":"text","content":"In consideration of the business services, EML will pay Terrella a fee of $10,000 per month plus applicable HST. EML has no relationship with Terrella other than the business consulting services agreement described herein.","length":222,"tagName":"p"},{"type":"text","content":"Subject to approval by the TSX Venture Exchange, and pursuant to the Company's Stock Option Plan, the Company intends to grant Terrella 250,000 stock options, exercisable at a price of $0.20 per share, for a term of 18 months from the date of grant. These options shall vest in equal quarterly installments of 62,500 options on each of the 3-month, 6-month, 9-month, and 12-month anniversaries of the date of the grant, provided Terrella remains engaged under the agreement on each applicable vesting date.","length":510,"tagName":"p"},{"type":"text","content":"The engagement of Terrella is subject to the approval of the TSX Venture Exchange.","length":82,"tagName":"p"},{"type":"text","content":"About Electric Metals (USA) Limited","length":35,"tagName":"p"},{"type":"text","content":"Electric Metals (USA) Limited (TSXV: EML) (OTCQB: EMUSF) is a US-based mineral development company with manganese and silver projects geared to supporting the transition to clean energy. The Company's principal asset is the Emily Manganese Project in Minnesota, the highest-grade manganese deposit in North America, which has been the subject of considerable technical studies, including National Instrument 43-101 Technical Reports - Resource Estimates. The Company's mission in Minnesota is to become a domestic US producer of high-value, high-purity manganese metal and chemical products to supply the North American...