USCM Announces Investor Relations Agreement with Promethean
Vancouver, British Columbia--(Newsfile Corp. - June 6, 2022) - US Critical Metals Corp. (TSXV: USCM) ("USCM" or the "Company") is pleased to announce it has engaged Promethean Marketing, Inc. ("Promethean"), a marketing company duly incorporated and existing under the laws of the State of Maryland, to perform certain services for the Company, including Investor Relations Activities, as defined in accordance with the policies of the TSX Venture Exchange ("TSXV") and applicable securities laws.
Pursuant to an agreement entered into with Promethean (the "Agreement"), Promethean intends to work with the Company to provide advertising, corporate marketing and investor awareness services, including, but not limited to, content creation management, author sourcing, project management and media distribution. Promethean will receive an initial creation budget of USD$50,000, which will be used to fund the creation of marketing materials and will be paid prior to the commencement of Promethean's services. Additionally, the Company will make a minimum commitment of USD$300,000 towards a digital marketing budget for a period of three months (the "Term"), which shall be paid upon signing of the Agreement. Payments to Promethean will occur at the end of each month after the applicable digital marketing services are rendered, and the amount paid each month will be based on the services that are rendered in such month. After the expiry of the Term, the Agreement will continue on a month-to-month basis thereafter unless terminated by either party. The Agreement may be terminated at the discretion of either party at any time upon thirty (30) days' written notice.
Promethean is based in Maryland, USA and provides public disclosure solutions to a number of issuers across a variety of industry segments. William Kaitz, President of Promethean, owns 90% of Promethean, and Kailyn White, Vice-President of Promethean, owns 10% of Promethean. To the best of the Company's knowledge Promethean does not have any equity interest in the securities of the Company, or a right to acquire such an interest. Promethean is at arm's length to the Company. Promethean will provide the Company with an opportunity to review all content describing the Company generated on behalf of Promethean prior to its publication, and Promethean will not publish or distribute any content without the prior approval of the Company.
The Agreement is subject to the approval of the TSXV.
About US Critical Metals Corp.
USCM is focused on mining projects that will further secure the US supply of critical metals, which are essential to fueling the new age economy. Pursuant to option agreements with private Canadian and American companies, USCM's assets consist of two option agreements, each providing USCM with the right to acquire a 100% interest in two mineral exploration projects. These projects include the Clayton Ridge Lithium Property, consisting of 180 unpatented mining claims, located in Nevada, and the Haynes Cobalt Property, consisting of 23 lode claims, located in Idaho. A significant percentage of the world's critical metal supply comes from nations with interests that are contrary to those of the US. USCM intends to explore and develop critical metals assets with near- and long-term strategic value to the advancement of US interests and that contribute to the US maintaining its leading global position in the green energy economy and technology.
For further information please contact:
Chief Executive Officer & Director
Telephone: +1 (786) 633-1756
Disclaimer for Forward-Looking Information
This news release contains certain information that may be deemed "forward-looking information" with respect to the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with statements regarding the engagement and activities of Promethean and the business and strategic plans of the Company.
The forward-looking information contained in this press release represents the expectations of US Critical Metals Corp. as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While US Critical Metals Corp. may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
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