Metals Australia Ltd (AU:MLS) has released an update.
Metals Australia Ltd has issued 18,350,000 shares to key personnel under its Employee Securities Incentive Plan at $0.0225 each, structured as loan-funded securities to align staff interests with shareholder value creation. The shares, offered without discount, aim to motivate and retain employees, with the loan to be repaid upon stock trading or term expiry. The company, known for its battery mineral projects in Australia and Canada, is positioning itself for the future of the battery-grade graphite market.
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