Aurania Directors Receive Stock Options in Lieu of Fees

Rhea-AI Summary

Aurania Resources (OTCQB: AUIAF) granted a total of 243,000 stock options on March 31, 2026: 203,000 to directors and 40,000 to a consultant at an exercise price of $0.205. Director options vest immediately and expire three years from grant; consultant options expire in one year.

The company amended a previously issued loan from CEO Dr. Keith Barron of up to US$2,094,500, changing the maturity to twelve months and one day after Dr. Barron gives repayment notice.

Toronto, Ontario--(Newsfile Corp. - April 1, 2026) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) ("Aurania" or the "Company") announces that certain of its directors have agreed to receive their quarterly director fees in the form of stock options in lieu of cash for the first quarter of 2026. In addition, the Company wishes to grant the directors additional stock options due to the expiration of out-of-the-money stock options previously granted to the directors in lieu of cash for director fees.

An aggregate of 203,000 stock options was granted to directors on March 31, 2026, having an exercise price of $0.205. All such stock options will be exercisable for a period of three years from the date of grant and vested immediately upon grant. In the event a director intends to exercise such stock options, such director shall be solely responsible for paying the entirety of the exercise price.

Aurania also granted 40,000 stock options to a consultant of the Company on March 31, 2026, at an exercise price of $0.205. These options are exercisable for a period of one year from the date of grant and vested immediately upon grant.

The Company also announces that the Company and Dr. Keith Barron, CEO of the Company, have agreed to an amendment to a previously issued loan from Dr. Barron to the Company in the amount of up to US$2,094,500 (the "Loan") originally announced on April 30, 2025, pursuant to which the term of the Loan has been amended such that the Loan matures twelve months and one day after repayment notice is given by Dr. Barron to the Company.

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and critical energy in Europe and abroad.

Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, X (formerly Twitter) at https://x.com/AuraniaLtd , and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir VP Corporate Development & Investor Relations Aurania Resources Ltd. (416) 367-3200 carolyn.muir@aurania.com

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290814

FAQ

Why did Aurania (AUIAF) grant 203,000 stock options to directors on March 31, 2026?

They granted options in lieu of cash to conserve cash and replace expired out-of-the-money options. According to the company, the grants cover quarterly director fees and replacement options and vest immediately at a $0.205 exercise price.

What are the key terms of the stock options Aurania (AUIAF) granted on March 31, 2026?

Director options number 203,000, exercisable for three years, and consultant options number 40,000 for one year. According to the company, all granted options vest immediately and carry a $0.205 exercise price.

How could the March 31, 2026 option grants affect Aurania (AUIAF) shareholders?

The grants may cause potential dilution if exercised, depending on total outstanding shares. According to the company, directors and the consultant are responsible for paying the full $0.205 exercise price upon exercise.

What changed in the loan amendment between Aurania and CEO Dr. Keith Barron dated April 1, 2026?

The loan’s maturity was amended to twelve months plus one day after repayment notice is given by Dr. Barron. According to the company, the loan amount remains up to US$2,094,500 as originally announced.

Are the Aurania (AUIAF) option grants effective immediately and when do they expire?

Yes, the options vested immediately upon grant; director options expire three years from grant and consultant options expire one year from grant. According to the company, all grants were made on March 31, 2026 with a $0.205 exercise price.