Core Points - Voyageur Pharmaceuticals Ltd. has issued 128,418 Deferred Share Units (DSUs) to its directors as part of a fixed 10% equity incentive compensation plan, with a starting value of approximately $0.21126 per DSU based on the weighted average share price for the quarter ended June 30, 2025 [1][2] - The company has also granted 100,000 stock options to a director, which are exercisable at an exercise price of $0.195 per share for a period of 10 years [2] - Additionally, Voyageur has granted options to purchase 500,000 common shares at $0.26 per share to a contractor, expiring July 10, 2029 [3] - The company has triggered an acceleration clause for 13,782,345 warrants exercisable at $0.10 per share, which will expire on August 18, 2025 [3] Company Overview - Voyageur Pharmaceuticals is focused on developing barium and iodine Active Pharmaceutical Ingredients (API) for high-performance imaging contrast agents, aiming to vertically integrate the barium and iodine contrast markets [4] - The business plan includes generating cash flow by partnering with established third-party GMP pharmaceutical manufacturers in Canada to validate its products by regulatory agencies worldwide [5] - The company is committed to sustainability and plans to build carbon-capture infrastructure using the Rain Cage EDENTM system, aiming to generate revenue from captured carbon [6] - Voyageur owns a 100% interest in the Frances Creek barium sulphate project, which offers a high-quality mineral resource suitable for the pharmaceutical market, potentially replacing current synthetic products [7] - The company's vision is to become the first vertically integrated player in the radiology contrast media drug market, controlling all primary input costs from raw material sourcing to final production [8]