Business
Electric Metals Announces Stock Option Grant
TORONTO, ON / ACCESSWIRE / October 23, 2024 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) announces that it has granted, unde
About this update from Electric Metals Usa Limited
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / October 23, 2024 / Electric Metals (USA) Limited (\"EML\" or the \"Company\") (TSXV:EML)(OTCQB:EMUSF) announces that it has granted, under its Omnibus Equity Incentive Plan, a total of 7,500,000 stock options to directors and officers. One million of the stock options vest on February 1, 2025 and have an exercise price of C$0.25. Six million of the stock options vest based on key performance metrics with an exercise price of C$0.25. The remaining 500,000 have an exercise price of C$0.35 per share and vest immediately. All stock options granted today expire five years after the grant date. About Electric Metals (USA) Limited 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 electric vehicle battery, technology and industrial markets. With manganese playing a critical and prominent role in lithium-ion battery formulations, and with no current domestic supply or active mines for manganese in North America, the development of the Emily Manganese Project represents a significant opportunity for America, the State of Minnesota and for the Company's shareholders. For further information, please contact: Electric Metals (USA) LimitedBrian SavageCEO & Director(303) 656-9197 or Valerie KimballDirector Investor [email protected] Forward-Looking Information This news release contains \"forward-looking information\" and \"forward-looking statements\" (collectively, \"forward-looking information\") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words \"believes,\" \"may,\" \"plans,\" \"will,\" \"anticipates,\" \"intends,\" \"could\", \"estimates\", \"expects\", \"forecasts\", \"projects\" and similar expressions, and the negative of such expressions. These...