Electric Metals Announces Equity Compensation Initiatives

Electric Metals (USA) Limited has announced the granting of 793,376 deferred share units (DSUs) to its non-management directors as compensation for their services. Additionally, 200,000 incentive stock options have been allocated to an officer of the company. The DSUs have an average grant price of C$0.11 per unit, while the stock options have an exercise price set at C$0.25. A part of these options, namely 100,000, will vest on June 19, 2025, with the remainder vesting based on performance metrics.

These grants were made under the company's Omnibus Incentive Plan, which received shareholder approval in June 2024. This plan reflects Electric Metals' focus on retaining and incentivizing its leadership team as it develops its mineral assets. With these initiatives, the company aims to align the interests of its directors and officers with those of its shareholders.