EnviroMetal Grants Stock Options

Rhea-AI Summary

EnviroMetal Technologies Inc. has granted 5,575,000 stock options to its employees, directors, and a consultant, at an exercise price of $0.25, valid for two years. Following this grant, the total stock options issued are 9,935,000, representing 9.2% of the company's share capital. EnviroMetal specializes in eco-friendly metal extraction technologies for the mining and E-Waste industries, using a proprietary non-cyanide process. This development reflects the company’s commitment to its workforce and the advancement of its environmentally friendly practices.

Positive

• Grant of 5,575,000 stock options supports employee and consultant motivation.
• Total stock options represent a manageable 9.2% of outstanding shares.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / June 9, 2022 / EnviroMetal Technologies Inc. ("EnviroMetal" or the "Company") (CSE:ETI);(OTCQX:EVLLF);(FSE:7N2), a technology company specializing in precious metal extraction processes with applications in the primary and secondary metals industries announced today it has granted 5,575,000 incentive stock options to employees, directors and a consultant of the Company.

The options were granted at an exercise price of $0.25 and are valid for a period of two years from the date of grant, subject to vesting provisions and regulatory approval. As a result of the grant, the Company has 9,935,000 stock options issued, representing 9.2% of the issued and outstanding share capital.

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 and non-precious metals from ores, concentrates, and electronic waste ("E-Waste"). Backed by a first-class staff of scientists and engineers, tens of thousands of individual tests, independent validations, and countless hours in research and development, EnviroMetal's technology is emerging as a potential new eco-friendly standard for the hydrometallurgical extraction of precious metals in both the mining and E-Waste industries. For more information, please visit www.EnviroMetal.com .

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. 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. 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.

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

SOURCE: EnviroMetal Technologies Inc

View source version on accesswire.com:
https://www.accesswire.com/704637/EnviroMetal-Grants-Stock-Options

FAQ

What is the significance of the stock options granted by EnviroMetal Technologies?

EnviroMetal granted 5,575,000 stock options to incentivize employees and align their interests with company performance.

How many total stock options does EnviroMetal Technologies have after the recent grant?

After the recent grant, EnviroMetal Technologies has a total of 9,935,000 stock options issued.

What is the exercise price of the stock options granted by EnviroMetal?

The stock options were granted at an exercise price of $0.25.

How much of EnviroMetal's share capital is represented by the total stock options?

The total stock options represent 9.2% of EnviroMetal's issued and outstanding share capital.

What is EnviroMetal's focus in the precious metal extraction industry?

EnviroMetal focuses on environmentally friendly extraction processes for precious and non-precious metals from ores and electronic waste.