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USCM Announces Amendments to Investor Relations Agreement with Promethean
Vancouver, British Columbia--(Newsfile Corp. - October 19, 2022) - US Critical Metals Corp.&#...
About this update from Us Critical Metals Corp.
[{"type":"text","content":"USCM Announces Amendments to Investor Relations Agreement with PrometheanVancouver, British Columbia--(Newsfile Corp. - October 19, 2022) - US Critical Metals Corp. (TSXV: USCM) (OTCQB: USCMF) (FSE: 0IU0) (\"USCM\" or the \"Company\") announces that it has entered into an amended agreement (the \"Amended Agreement\") with Promethean Marketing, Inc. (\"Promethean\"), a marketing company duly incorporated and existing under the laws of the State of Maryland, amending the terms of the investor relations agreement with Promethean previously announced on June 6, 2022.Pursuant to the new terms of the Amended Agreement, Promethean intends to work with the Company to provide advertising, corporate marketing and investor awareness services, including, but not limited to, content creation management, author sourcing, project management and media distribution. Promethean will receive an initial creation budget of USD$50,000, which will be used to fund the creation of marketing materials and will be paid prior to the commencement of Promethean's services. Additionally, the Company has agreed to commit a total of USD$300,000 (the \"Initial Media Budget\") towards a digital marketing budget over an initial 4-month term (the \"Term\"). USD$150,000 of the Initial Media Budget will be paid upon the execution of the Amended Agreement, with the residual Initial Media Budget being paid in subsequent monthly installments. Payments to Promethean will occur at the end of each month after the applicable digital marketing services are rendered, and the amount paid each month will be based on the services that are rendered in such month. After the expiry of the Term, the Amended Agreement will continue on a month-to-month basis thereafter unless terminated by either party. The Amended Agreement may be terminated at the discretion of either party at any time upon thirty (30) days' written notice. The Amended Agreement has been approved of the TSXV. About US Critical Metals Corp.USCM is focused on mining projects that will further secure the US supply of critical metals and rare earth elements, which are essential to fueling the new age economy and national security. Pursuant to option agreements with private Canadian and American companies, USCM's assets consist of three agreements, each providing USCM with the right to acquire interests in four disc...