EnviroMetal Board Change

Rhea-AI Summary

EnviroMetal Technologies Inc. (CSE:ETI)(OTCQB:EVLLF) announced the immediate resignation of Mr. Duane Nelson as a director. The company expressed gratitude for his contributions. Additionally, EnviroMetal granted 350,000 incentive stock options to a consultant at an exercise price of $0.25, valid for two years under the Company's Stock Option Plan. EnviroMetal focuses on developing eco-friendly technologies for the primary and secondary metals industries, using a non-cyanide, water-based process to extract precious metals from various sources. For further details, visit EnviroMetal.com.

Positive

• Company granted 350,000 incentive stock options to a consultant, promoting potential growth and development.
• EnviroMetal's focus on eco-friendly technologies aligns with increasing industry demand for sustainable practices.

Negative

• Resignation of a director may raise concerns about leadership stability and future strategic direction.

VANCOUVER, BC / ACCESSWIRE / February 21, 2023 / EnviroMetal Technologies Inc. ("EnviroMetal" or the "Company"), (CSE:ETI)(OTCQB:EVLLF)(FSE:7N2) announces that Mr. Duane Nelson has tendered his resignation as a director of EnviroMetal effective immediately. The Company thanks Mr. Nelson for his contributions and services and wishes him well in his future endeavours.

Other Matters

The Company has granted 350,000 incentive stock options at an exercise price of $0.25 to a consultant to the Company. The options are valid for a period of 2 years from the date of the grant, subject to vesting provisions and granted in accordance with the Company's Stock Option Plan.

About EnviroMetal Technologies Inc.

EnviroMetal Technologies is engaged in the development and commercialization of environmentally friendly formulas and technologies for the treatment of materials in the primary and secondary metals industries. Using its proprietary non-cyanide, water-based, neutral pH treatment process, EnviroMetal extracts precious metals from ores, concentrates, and E-Waste. For more information please visit: https://EnviroMetal.com

Contact Information:

Jason Leikam
VP Corporate Development
EnviroMetal Technologies Inc.
invest@EnviroMetal.com
(604) 428-2400 x 104

Forward-Looking Statements

This News Release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and the United States securities legislation. Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words "anticipates," "believes," "may," "continues," "estimates," "expects," and "will" and words of similar import, constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking information may include, but is not limited to, information concerning our Research and Development activities, the accuracy of our capital and operating cost estimates; production and processing estimates; the results, the adequacy of EnviroMetal's financial resources, and timing of development of ongoing research and development projects, costs and timing of future revenues or profits and adequacy of financial resources. Wherever possible, words such as "plans", "expects", "projects", "assumes", "budget", "strategy", "scheduled", "estimates", "forecasts", "anticipates", "believes", "intends", "targets" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking statements and information. Statements concerning future revenue or earnings estimates may also be deemed to constitute forward-looking information. Any statements that express or involve discussions concerning predictions, expectations, beliefs, plans, projections, objectives, assumptions, or future events or performance are not statements of historical fact and may be forward-looking information. Forward-looking information is subject to a variety of known and unknown risks, uncertainties, and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information. Forward-looking information is based on the expectations and opinions of EnviroMetal's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events, or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking information. The CSE has not approved or disapproved of the information contained herein.

SOURCE: EnviroMetal Technologies Inc.

View source version on accesswire.com:
https://www.accesswire.com/740229/EnviroMetal-Board-Change

FAQ

What was announced by EnviroMetal Technologies on February 21, 2023 regarding management changes?

EnviroMetal announced the resignation of Mr. Duane Nelson as a director effective immediately.

What stock options were granted by EnviroMetal Technologies in February 2023?

EnviroMetal granted 350,000 incentive stock options at an exercise price of $0.25, valid for two years.

What is the focus of EnviroMetal Technologies and how do they extract precious metals?

EnviroMetal focuses on environmentally friendly technologies for metal extraction using a non-cyanide, water-based process.

How might the resignation of a director impact EnviroMetal Technologies' stock EVLLF?

The resignation may create uncertainty about leadership and potential impacts on company strategy.