North Atlantic Titanium Completes Payment Under Option Agreement for the Everett Titanium Project in Quebec, and Announces Grant of Incentive Stock Options

Company Overview - North Atlantic Titanium Corp. is a Canadian publicly traded exploration company focused on advancing the Everett titanium deposit in Quebec [4] - The company holds a 100% interest in the Sleeping Giant South project, located in the Abitibi greenstone belt, approximately 75 kilometers south of Matagami, Quebec [4] - North Atlantic Titanium is assessing two option agreements to acquire up to 80% of the silver, zinc, lead XWG and LMM properties, and an exploration agreement at the WLG mine, all located in Henan province, China [4] Recent Developments - The company has made the first option agreement payment of $200,000 in cash and is issuing 1,000,000 shares to Romaine River Titanium Inc. for the Everett titanium property [1] - North Atlantic Titanium has the option to earn up to a 75% undivided interest in the Everett Project, located 40 kilometers from Havre-Saint-Pierre and 3 kilometers from Rio Tinto's Lac Tio titanium mine [1] - The CEO announced that with the first option payment completed, the company is positioned to commence exploration activities at the Everett Project, including exploration and metallurgical testing in preparation for diamond drilling [2] Stock Options - The company has granted an aggregate of 2,000,000 stock options to directors, consultants, and employees, each exercisable into one common share at a price of $0.15 per share for a period of 3 years [2]