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Spartan Metals - Announces Adoption of New Equity Incentive Plans and the Grant of Security-Based Compensation
Thenewswire· 2026-01-23 22:00
Core Viewpoint - Spartan Metals Corp. has received shareholder approval for its new 10% rolling stock option plan and share unit plan, aimed at incentivizing directors, officers, employees, and consultants [1][2]. Group 1: Equity Incentive Plans - The Equity Incentive Plans allow the issuance of stock options, restricted share units, and deferred share units, with the Option Plan capped at 10% of the issued and outstanding common shares at the time of grant [2]. - The Share Unit Plan reserves a maximum of 2,500,000 common shares for issuance [2]. - Detailed information regarding these plans is available in the management information circular filed on SEDAR+ [3]. Group 2: Grants and Options - The company has granted a total of 1,850,000 options to various stakeholders, exercisable at $0.395 per share for five years [4]. - Additionally, 682,000 deferred share units and 60,000 restricted share units have been granted under the Share Unit Plan, subject to applicable securities law hold periods [4]. Group 3: Company Focus and Projects - Spartan Metals is focused on developing critical minerals projects in stable mining jurisdictions in the Western United States, emphasizing strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic [5]. - The flagship project, the Eagle Project in eastern Nevada, contains one of the highest-grade historic tungsten resources in the USA, along with significant under-defined resources of other minerals [6].
Equity Award Grants and Payment Updates
Globenewswire· 2025-09-26 15:40
Core Points - Amaroq Ltd. has granted Restricted Share Units (RSUs) and incentive stock options to employees as part of its equity incentive plans [2][3] - The RSU award consists of 75,498 RSUs that will vest on the first anniversary of the grant [3] - The stock options are for a total of 23,255 common shares with an exercise price of CAD $1.29 per share, vesting three months from the grant date and expiring five years after the award [3] - Wavecrest Securities LLC acted as a finder for a direct private placement portion of the fundraising, receiving a cash commission of CAD $379,276 [4] Company Overview - Amaroq Ltd. focuses on the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland [6][7] - The company's principal asset is a 100% interest in the Nalunaq Gold mine, along with a portfolio of gold and strategic metal assets in the region [6][7]