Turnagain Project
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Giga Metals AGM Results and Options Granted
Globenewswireยท 2025-11-17 21:05
Core Points - Giga Metals Corp. held its annual general meeting on November 14, 2025, in Vancouver, where voting results were announced [1] - The board of directors was elected, consisting of Lyle Davis, Scott Lendrum, Mark Jarvis, and Robert Morris, until the next annual meeting or until successors are appointed [2] - Shareholders approved the re-appointment of Crowe MacKay LLP as the auditor and the Company's Stock Option Plan for 2025, allowing a maximum of 10% of issued shares to be issued [2] Stock Option Plan - Under the approved Stock Option Plan, Giga Metals will grant 3,125,000 stock options to certain directors, employees, and consultants, exercisable at $0.15 per share, expiring on November 17, 2030 [3] - 25% of the options will vest immediately, with an additional 25% vesting on each anniversary after issuance, and 100% will vest in the event of a change of control [3] Company Overview - Giga Metals Corporation's core asset is the Turnagain Project in northern British Columbia, which contains significant undeveloped sulphide nickel and cobalt resources [4] - The Turnagain ultramafic complex is also prospective for copper, platinum, and palladium mineralization in the Attic Zone, adjacent to the known nickel resource [5]