Electric Metals (USA) Announces Results of Annual Shareholder Meeting
ELECTRIC METALS (USA) ANNOUNCES RESULTS OF ANNUAL SHAREHOLDER MEETING
Toronto, Ontario, June 27, 2024: Electric Metals (USA) Limited (“ EML” or the “ Company”) (TSXV: EML)
(OTCQB: EMUSF) is pleased to announce the results of its annual and special meeting held on June 26,
2024 (the “ Meeting”). At the Meeting, shareholders approved the appointment of Baker Tilly WM LLP ,
Chartered Accountants, as auditor of the Corporation , the expansion of the Board of Directors to seven
persons and the election of all of management’s nominees to the Board. Joining Steve Durbin, Dr. Henry
Sandri, Megan McElwain, John Kutkevicius and Brian Savage on the Board are Dr. Quinton Hennigh and
Tyson Hall , two individuals with strong backgrounds in, among ot her things, the mining, mineral
exploration and public company fields. The shareholders also approved a new omnibus equity incentive
plan (the “Plan”) for the Company; further details regarding the Plan can be found in the information
circular sent to all shareholders in connection with the Meeting. The circular has been filed on
https://www.sedarplus.ca under the Company’s profile.
Oliver Lennox-King, Non-Executive Chairman, is retiring from the Board of Directors. The Company would
like to extend its sincere gratitude to Oliver for his support and guidance during his tenure on the Board.
Brian Savage, CEO and Director of EML, commented: "I would like to thank Oliver for his many
contributions during the past 18 months as our Chairman of the Board. I also want to welcome Quinton
and Tyson to the EML Board. Their expertise will no doubt be of great value in advancing the Company ’s
efforts to become a US producer of high-grade manganese products.”
Dr. Quinton Hennigh is an internationally-renowned economic geologist with over 25 years of exploration
experience and expertise with major gold mining companies such as Homestake Mining Company,
Newcrest Mining Limited, and Newmont Mining Corporation, where he last served as senior research
geologist in 2007. He has since made a number of significant gold discoveries for Canadian exploration
companies such as the 5 million oz. Springpole alkaline gold deposit near Red Lake, Ontario, for Gold
Canyon Resources. He is currently Chairman and President of Novo Resources Corporation, which he
helped start in 2010 and an adviser to Eskay Mining Corp. and Lion One Metals Ltd. Dr. Hennigh holds a
Bachelor of Science from the University of Missouri, and M.Sc. and a Ph.D. in geology and geochemistry
from the Colorado School of Mines. He is a member (P .Geo.) of the Society of Economic Geologists, the
Mining and Metallurgical Society of America. He is currently CEO of private miner, San Cristobal Mining
Inc.
Mr. Tyson Hall brings over 20 years of global experience and a decade of executive leadership in specialty
chemicals, manufacturing, mining, agriculture, and start -ups. He has experience in technical
development, manufacturing, and P&L management. He has led organizations as larg e as 10,000
employees with full P&L responsibility for businesses comprising more than $3 Billion per year in sales.
Mr. Hall has served on the global leadership teams of two publicly traded companies. Most recently , he
served a s COO of 5E Advanced Materials (NASDAQ: FEAM) and previously as a member of the global
leadership team of Pilgrims Pride (NASDAQ: PPC) with responsibility for a multi-billion dollar business. He
is listed as an inventor or coinventor on 5 US patents, holds a BS in Chemical Engineering from the
University of Arkansas, and an MBA from the Sam Walton School of Business.
The Company has awarded 1,600,000 in incentive stock options to directors. The options have a strike
price of $0.25 per share and are exercisable for 10 years, subject to earlier expiry in accordance with the
Plan and to the approval of the TSX Venture Exchange.
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, which has been the subject of considerable
technical studies, including National Instrument 43 -101 Technical Report s – Resource Estimates. The
Company’s mission in Minnesota is to become a domestic U S producer of high-purity, high-value
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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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 wo rds “believes,” “may,” “plans,” “will,” “anticipates,”
“intends,” “could”, “estimates”, “expects”, “forecasts”, “projects” and similar expressions, and the negative
of such expressions.
Forward-looking statements in this news release include, but are not limited to, statements with respect
to the future growth of the Corporation. 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. Forward-looking information is based on the reasonable assumptions, estimates, analysis and
opinions of management made in light of its experience and perception of trends, current 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 t o 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.