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].

VANCOUVER, British Columbia, May 27, 2025 (GLOBE NEWSWIRE) -- Cornish Metals Inc. (AIM/TSX-V: CUSN) (“Cornish Metals” or the “Company”), a mineral exploration and development company focused on advancing its 100% owned and permitted South Crofty tin project in Cornwall, United Kingdom, announces that on 23 May 2025, the Company granted conditional performance share awards (“Performance Awards”) under the new Cornish Metals Long Term Incentive Plan (“LTIP”) which was approved by shareholders on 18 March 2025 ...