Electric Metals (USA) Limited Engages ICP Securi:es Inc. for Automated Market Making Services and Senergy Communica:ons Capital Inc. for Digital Marke:ng and Adver:sing Services
Electric Metals (USA) Limited Engages ICP Securi:es Inc. for Automated Market Making Services and
Senergy Communica:ons Capital Inc. for Digital Marke:ng and Adver:sing Services
Toronto, Ontario, April 10, 2024 – Electric Metals (USA) Limited (“EML” or the “Company”) (TSXV: EML)
(OTCQB: EMUSF) is pleased to announce that it has engaged the services of ICP Securities Inc. ("ICP")
to provide automated market making services, including use of its proprietary algorithm, ICP
Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other
applicable legislation. ICP will receive a fee of C$7,500 plus applicable taxes per month, payable
monthly in advance. The agreement between the Company and ICP is for an Initial Term of four (4)
months and shall be automatically renewed for subsequent one (1) month terms (each month called
an "Additional Term") unless either party provides at least thirty (30) days written notice prior to the
end of the Initial Term or an Additional Term, as applicable. There are no performance factors
contained in the agreement and no stock options or other compensation are b eing granted in
connection with the engagement. ICP and its clients may acquire an interest in the securities of the
Company in the future.
ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct
temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible
for the costs it incurs in buying and selling the Company's shares, and no third party will be providing
funds or securities for the market making activities.
The Company is also pleased to announce that it has retained Senergy Communications Capital Inc.
("Senergy") to provide social media management and online communications services to the Company.
Senergy is a digital marketing firm that will assist with online communications and strategies with the goal
of increasing awareness of the Company and its projects. In consideration for these services, the Company
has agreed to pay Senergy C$2,500 plus applicable taxes per month in advance for a minimum of 6 months
with an option to renew and C$30,000 plus applicable taxes for 1 month with an option to renew. Of the
C$30,000, C$5,000 will be a fee paid to Senergy and C$25,000 will be used for digital marketing and
advertising.
To the Company's knowledge, Senergy does not have any interest, directly or indirectly, in Electric Metals
(USA) Limited or its securities or any right or intent to acquire such an interest.
The engagement of ICP and Synergy are subject to the approval of the TSX Venture Exchange.
About ICP Securities Inc.
ICP Securities Inc. (ICP) is a Toronto based CIRO dealer-member that specializes in automated
market making and liquidity provision, as well as having a proprietary market making algorithm, ICP
Premium™, that enhances liquidity and quote health. Established in 2023, with a focus on market
structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high
quality liquidity provision and execution services to a broad array of public issuers and institutional
investors.
About Senergy Communica:ons Capital Inc.
Senergy CommunicaUons Capital Inc. (Senergy) is an innovaUve online markeUng and shareholder
relaUons firm renowned for its ability to forge connecUons between public companies and investors. By
combining a blend of data-driven analyUcs and creaUve storytelling, the company effecUvely links public
companies with their desired investor audience across the world's largest digital plaZorms.
About Electric Metals (USA) Limited
Electric Metals (USA) Limited (TSXV: EML) (OTCQB: EMUSF) is a U.S.-based mineral development company
with manganese and silver projects geared to supporUng the transiUon 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 a NaUonal Instrument 43-101 Technical Report – Resource EsUmate, with over
US$26 million invested to date. The Company’s mission in Minnesota is to become a domesUc U.S.
producer of high purity, high value manganese metal and chemical products for supply to U.S. energy,
technology and industrial markets. With manganese playing a criUcal and prominent role in lithium-ion
bafery formulaUons, and with no current domesUc supply or acUve 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 informa:on please contact
Brian Savage
CEO and Director
Electric Metals (USA) Limited
(303) 656-9197
Neither the TSX Venture Exchange nor its RegulaUon 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 Informa:on
This news release contains “forward-looking informaUon” and “forward-looking statements” (collecUvely,
“forward-looking informaUon”) within the meaning of applicable securiUes laws. Forward -looking
informaUon is generally idenUfiable by use of the words “believes,” “may,” “plans,” “will,” “anUcipates,”
“intends,” “could” , “esUmates” , “expects” , “forecasts” , “projects” and similar expressions, and the negaUve
of such expressions.
Forward-looking statements in this news release include, but are not limited to, statements with respect
to the proposed automated market making services, digital markeUng and adverUsing services.
These statements address future events and condiUons and so involve inherent risks, uncertainUes and
other factors that could cause actual events or results to differ materially from esUmated or anUcipated
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
informaUon is based on the reasonable assumpUons, esUmates, analysis and opinions of management
made in light of its experience and percepUon of trends, current condiUons 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 afempted to idenUfy important factors that could
cause actual results to differ materially from those contained in forward-looking informaUon, there may
be other factors that cause results not to be as anUcipated. There can be no assurance that such
informaUon will prove to be accurate, as actual results and future events could differ materially from those
anUcipated in such informaUon. Accordingly, readers should not place undue reliance on forward-looking
informaUon.
All forward-looking informaUon herein is qualified in its enUrety by this cauUonary statement, and the
Company disclaims any obligaUon to revise or update any such forward-looking informaUon or to publicly
announce the result of any revisions to any of the forward-looking informaUon contained herein to reflect
future results, events, or developments, except as required by law.