Electric Metals (USA) Limited (“EML”) recently held its annual and special meeting, where significant decisions were made. Shareholders approved the appointment of Baker Tilly WM LLP as the auditor of the Company, the expansion of the Board of Directors, and the election of all management’s nominees to the Board. Additionally, the shareholders approved a new omnibus equity incentive plan for the Company.
One of the major highlights of the meeting was the addition of two new members to the Board of Directors – Dr. Quinton Hennigh and Tyson Hall. Dr. Hennigh brings over 25 years of exploration experience and expertise in the mining industry, while Mr. Hall has over 20 years of global experience in specialty chemicals, manufacturing, and mining.
Oliver Lennox-King, the Non-Executive Chairman, announced his retirement from the Board of Directors, and the Company expressed its gratitude for his contributions.
Brian Savage, CEO and Director of EML, expressed his gratitude towards Oliver Lennox-King for his contributions and welcomed the new board members. He mentioned that the expertise of Dr. Quinton Hennigh and Tyson Hall will be valuable in advancing the company’s efforts to become a US producer of high-grade manganese products.
The Company also awarded 1,600,000 incentive stock options to directors, with a strike price of $0.25 per share. These options are exercisable for 10 years, subject to the approval of the TSX Venture Exchange.
Electric Metals (USA) Limited is a US-based mineral development company focused on manganese and silver projects to support the transition to clean energy. With the recent decisions made at the annual meeting, the Company is poised for growth and development in the mining industry.
