Core Viewpoint - Serabi Gold plc has approved the vesting of Conditional Share Awards for the 2022 calendar year, with a total of 482,528 new ordinary shares due to vest under the Long Term Incentive Plan (LTIP) based on performance metrics over a three-year period [1][2]. Group 1: Conditional Share Awards - The 2022 Awards were granted under the 2020 Restricted Share Plan, requiring a three-year performance period with specific performance criteria to be met [2]. - The performance criteria include 40% based on Total Shareholder Return (TSR), 30% on Return on Capital Employed (ROCE), and 30% on Return on Sales (ROS) [7]. Group 2: Cash Settlement - The Board has opted for a cash settlement for the 2022 Awards due to the strong cash position of the Group, with the cash value determined by the 20 Day VWAP price of £1.52 as of 5 June 2025 [3]. - The cash payments for Mr. Hodgson and Mr. Howlin are £341,356 and £104,956 respectively, after applicable tax deductions [4]. Group 3: Shareholder Engagement - CEO Mike Hodgson has purchased 45,000 shares at £1.69 on 5 June 2026, increasing his total holdings to 135,066 shares, representing 0.18% of the issued shares [4]. Group 4: Company Overview - Serabi Gold plc is focused on gold exploration, development, and production in the Tapajós region of Brazil, with a production range of 30,000 to 40,000 ounces per year and plans to double production with the Coringa Gold project [9].

Core Viewpoint - Cornish Metals Inc. has granted conditional performance share awards under its new Long Term Incentive Plan, aimed at incentivizing key employees as the company advances its South Crofty tin project in the UK [1][2][3]. Performance Awards - A total of up to 12,837,423 common shares have been granted as Performance Awards, based on a share price of 8.15p [2]. - The Performance Awards will vest on December 31, 2027, contingent upon meeting specific performance criteria and continued employment [3][5]. - The unvested Performance Awards represent approximately 1.03% of the company's issued share capital, alongside 25,916,667 share options from a legacy plan, which equates to about 2.07% of the issued share capital [3]. Key Personnel Grants - Significant Performance Awards have been granted to key executives: - Lodewyk "Don" Turvey (CEO): 3,680,982 shares - Matthew Hird (CFO): 2,024,540 shares - Fawzi Hanano (CDO): 1,978,528 shares [4][6]. Performance Conditions - The performance conditions for the awards include: 1. Achievement of milestone KPIs related to project execution, financing, resource conversion, and ESG targets (50% weighting) 2. Relative total shareholder return (TSR) measured over three years against the AIM Basic Resources Index and a peer group of global tin producers (50% weighting) [5]. Company Overview - Cornish Metals is focused on advancing the South Crofty tin project, which is permitted for underground mining and construction of a processing facility [8]. - The project is positioned to be the only primary tin producer in Europe or North America, with strong local and governmental support [8].