Electric Metals Announces Business Consulting Services Agreement With Terrella Capital
Rhea-AI Summary
Electric Metals USA (EMUSF) has entered into a 6-month business consulting services agreement with Terrella Capital from April 11, 2025 to October 11, 2025. Under the agreement, Terrella will analyze market interest and monitor capital market sentiment toward Company stock value.
The Company will pay Terrella a monthly fee of $10,000 plus HST. Additionally, subject to TSX Venture Exchange approval, EML plans to grant Terrella 250,000 stock options at $0.20 per share, exercisable for 18 months. The options will vest quarterly in 62,500 installments over 12 months, contingent on Terrella's continued engagement.
Positive
- Enhanced market monitoring and investor relations capabilities through professional consulting services
Negative
- Monthly consulting expenses of $10,000 plus HST increase operational costs
- Potential shareholder dilution from 250,000 stock options grant
News Market Reaction – EMUSF
On the day this news was published, EMUSF gained 1.00%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
TORONTO, ON / ACCESS Newswire / April 15, 2025 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) announces it has entered into a business consulting services agreement with Terrella Capital Ltd. ("Terrella") from April 11, 2025 to October 11, 2025.
Under the terms of the agreement, Terrella will research open market interest from investors within the context of bid/ask/volume price movements and will monitor and advise of any irregularities in capital market sentiment toward Company stock value.
In consideration of the business services, EML will pay Terrella a fee of
Subject to approval by the TSX Venture Exchange, and pursuant to the Company's Stock Option Plan, the Company intends to grant Terrella 250,000 stock options, exercisable at a price of
The engagement of Terrella is subject 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, 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 US 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
info@electricmetals.com
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 words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions.
Such statements in this news release include, without limitation: the Company's business services agreement with Terrella Capital Ltd.a, its mission to become a domestic US producer of high-value, high-purity manganese metal and chemical products to supply the North American electric vehicle battery, technology and industrial markets; that manganese will continue to play a critical and prominent role in lithium-ion battery formulations; that 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, Minnesota and for the Company's shareholders; and planned or potential developments in ongoing work by Electric Metals.
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; investor interest in participating in the Offering; and risks related to the exploration and other plans of the Company. 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, 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.
SOURCE: Electric Metals (USA) Limited
View the original press release on ACCESS Newswire
FAQ
What are the terms of Electric Metals' (EMUSF) consulting agreement with Terrella Capital?
How will the stock options for Terrella Capital vest under the EMUSF agreement?
What services will Terrella Capital provide to Electric Metals (EMUSF)?
What is the exercise price and term for EMUSF's stock options grant to Terrella?
