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EnviroMetal Technologies Inc C.ETI

Alternate Symbol(s):  EVLLF

EnviroMetal Technologies Inc. is a Canada-based company. The Company is engaged in the developing and commercializing economic and environmentally sustainable metal recovery technologies for applications in the gold mining industry. The Company extracts precious metals from ores and concentrates by deploying its proprietary non-cyanide, water-based and neutral pH treatment process. Its proprietary and patented chemistry technology extracts precious metals from conventional mine products, including gravity, flotation and pre-treated refractory concentrates. Its chemistry formulations recover gold from gravity and flotation concentrates. Its pipeline technology In Situ Recovery (ISR) is an extraction method for multiple metals. ISR used as a primary uranium extraction process in the United States and internationally. ISR offers a sustainable solution for the gold mining sector.


CSE:ETI - Post by User

Post by bailey2on May 31, 2023 5:51pm
361 Views
Post# 35473722

WOW!!!!!

WOW!!!!!

On July 4, 2022, Mr. Nelson resigned his position as CEO of the Company, and concurrently Mr. Nelson and the Company mutually terminated Mr. Nelson’s employment agreement and entered into a consulting agreement (“Consulting Agreement”) dated July 4, 2022 with Mr. Nelson’s private company, Sibling Rivalries Inc. (the “Consultant”). The Consulting Agreement has a term of 24 months and provides for a monthly payment of $25,000 to the Consultant. The Company or Consultant may terminate the Consulting Agreement at any time by providing three (3) months advance notice. If the Consulting Agreement is terminated by the Company, the Consultant is entitled to the greater of (a) all fees earned up to the effective date of termination or (b) $300,000.

Wonder what he is doing for 25 k monthly? Setting up his own private company that he wants to list towards the end of 2023? 


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