Electric Metals Announces Stock Option Grant
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ELECTRIC METALS ANNOUNCES STOCK OPTION GRANT
Toronto, Ontario, 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 U S 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) Limited
Brian Savage
CEO & Director
(303) 656-9197
or
Valerie Kimball
Director Investor Relations
720-933-1150
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
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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 statements address future events and conditions and so involve inherent risks, uncertainties and
other factors that could cause actual events or results to differ materially from estimated or anticipated
events or results implied or expressed in such forward-looking statements. Such risks include, but are not
limited to, the failure to obtain all necessary stock exchange and regulatory approvals. Forward -looking
information is based on the reasonable assumptions, estimates, analysis and opinions of ma nagement
made in light of its experience and perception of trends, updated conditions and expected developments,
and other factors that management believes are relevant and reasonable in the circumstances at the date
such statements are made. Although the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in forward -looking information, there may
be other factors that cause results not to be as anticipated. There can be no assurance that such
information will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking
information.
All forward-looking information herein is qualified in its entirety by this cautionary statement, and the
Company disclaims any obligation to revise or update any such forward-looking information or to publicly
announce the result of any revisions to any of the forward-looking information contained herein to reflect
future results, events, or developments, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.