Electric Metals Grants 7.5 Million Stock Options

Electric Metals (USA) Limited, listed on TSXV and OTCQB, announced the grant of 7,500,000 stock options under its Omnibus Equity Incentive Plan. Of these, one million options vest on February 1, 2025, with an exercise price of C$0.25. Six million options will vest based on key performance metrics, sharing the same exercise price. An additional 500,000 options, with an exercise price of C$0.35, vest immediately. All options expire five years from the grant date.

The option grant aligns with the company's growth strategy. Electric Metals focuses on manganese and silver projects related to clean energy. The Emily Manganese Project in Minnesota is a key asset, positioned as North America's highest-grade deposit. By advancing this project, Electric Metals aims to become a significant manganese supplier for the domestic electric vehicle battery market.