Electric Metals (USA) Limited Engages ICP Securities Inc. for Automated Market Making Services and Senergy Communications Capital Inc. for Digital Marketing and Advertising Services

TORONTO, ON / ACCESSWIRE / April 10, 2024 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) is pleased to announce that it has engaged the services of ICP Securities Inc. ("ICP") to provide automated market making services, including use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will receive a fee of C$7,500 plus applicable taxes per month, payable monthly in advance. The agreement between the Company and ICP is for an Initial Term of four (4) months and shall be automatically renewed for subsequent one (1) month terms (each month called an "Additional Term") unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation are being granted in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future.

ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities.

The Company is also pleased to announce that it has retained Senergy Communications Capital Inc. ("Senergy") to provide social media management and online communications services to the Company. Senergy is a digital marketing firm that will assist with online communications and strategies with the goal of increasing awareness of the Company and its projects. In consideration for these services, the Company has agreed to pay Senergy C$2,500 plus applicable taxes per month in advance for a minimum of 6 months with an option to renew and C$30,000 plus applicable taxes for 1 month with an option to renew. Of the C$30,000, C$5,000 will be a fee paid to Senergy and C$25,000 will be used for digital marketing and advertising.