On October 6, 2022, the board of directors (the ‘Board') of American Metals Recovery and Recycling Inc. (the ‘Company'), pursuant to its powers under the Company's bylaws, appointed Lily Tapia and Dhani Jones as members of the Board, thereby increasing the Board membership count to six. Mrs. Tapia and Mr. Jones will serve as directors until the next annual meeting of the Company's stockholders, at which time they will stand for election until the annual meeting of the Company's stockholders following his or her election, or his or her earlier resignation, retirement or other termination of service. Mrs. Tapia and Mr. Jones are currently not in any of the Company's committees and are not expected to be.

On October 6, 2022 the Board, pursuant to its powers under the Company's bylaws, appointed Joseph O'Bell as Chief Legal Officer of the Company to hold such office until his successor shall have been duly elected and qualified or until his earlier death, resignation or removal in accordance with the Bylaws. On October 6, 2022, the Board, pursuant to its powers under the Company's bylaws approved and ratified that the Compensation Committee of the Company shall be comprised of Angela Paxton and Antonio Munoz who are current Directors. The Board also approved and ratified a Compensation Committee Charter.

Mrs. Paxton and Mr. Munoz are both independent as defined under Rule 5605(a)(2) and are non-employee members of the Board as defined in Rule 16b3 under the 1934 Act and are outside directors as defined in Section 162(m) of the Internal Revenue Code of 1986, as amended, each to serve until his or her successor is duly appointed and qualified or his or her earlier death.