Bonterra Grants Security-Based Compensation
Bonterra grants 1.75 million stock options at $0.155, while highlighting its Québec gold resources and existing earn-in JV with Gold Fields.
Rhea-AI Summary
Bonterra Resources (BONXF) granted incentive stock options for a total of 1,750,000 common shares on September 21, 2026, under its stock option plan, subject to regulatory approval.
Each option vests immediately, carries an exercise price of $0.155 per share, and is exercisable for five years from the grant date. The options were granted to various employees, officers, and directors. Bonterra describes itself as a Canadian gold exploration company with assets including the Gladiator, Barry, Moroy, and Bachelor deposits, which host 1.63 Moz of Measured & Indicated and 2.17 Moz of Inferred Mineral Resources.
The company also references a 2023 earn-in and joint venture agreement on its Urban-Barry properties, now with Gold Fields as counterparty, under which Gold Fields can earn a 70% interest by funding C$30 million in work expenditures by November 2026.
Positive
- 1,750,000 stock options granted to employees, officers, and directors, potentially aligning incentives with shareholders
- Gold Fields may fund up to C$30 million in work expenditures by November 2026 to earn 70% JV interest
- Bonterra reports 1.63 Moz Measured & Indicated and 2.17 Moz Inferred Mineral Resources across key Québec deposits
Negative
- Grant of 1,750,000 new options introduces potential future share dilution for existing shareholders
AI-generated analysis. How Rhea-AI works. Not financial advice.
Val-d'Or, Quebec--(Newsfile Corp. - September 21, 2026) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ("Bonterra" or the "Company") announces the grant of incentive stock options to acquire a total of 1,750,000 common shares of the Company to various employees, officers, and directors of the Company pursuant to the Company's stock option plan and subject to any regulatory approval. Each stock option vests immediately and is exercisable at a price of
About Bonterra Resources Inc.
Bonterra is a Canadian gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Québec, Canada. The Company's assets include the Gladiator, Barry(1), Moroy, and Bachelor(2) gold deposits, which collectively hold 16.8 million tonnes ("Mt") at an average grade of 3.02 g/t Au for 1.63 million ounces ("Moz") of Measured & Indicated Mineral Resources, plus 15.6 Mt at 4.32 g/t Au for 2.17 Moz at an average grade of 4.32 g/t Au of Inferred Mineral Resources.
In November 2023, the Company entered into an earn-in and joint venture agreement with Osisko Mining Inc. ("Osisko Mining") for the Urban-Barry properties (the "JV Agreement"), which include the Gladiator and Barry deposits. In October 2024, Gold Fields Ltd, through a wholly owned Canadian subsidiary, completed the acquisition of Osisko Mining for C
1) See news release of the Company dated February 23, 2026, and titled "Bonterra Reports Significant Mineral Resources Growth at Barry and Gladiator Deposits" for further details.
2) See news release of the Company dated April 1st, 2026, and titled "Bonterra Reports Significant Mineral Resource Growth at Bachelor and Moroy,
FOR ADDITIONAL INFORMATION
Cesar Gonzalez, Executive Chairman & Interim CEO
ir@btrgold.com
2872 Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9
819-825-8678 | Website: www.btrgold.com
Neither 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.
Caution regarding forward-looking statements
This press release contains "forward-looking information" that is based on Bonterra's current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the earn-in and joint venture agreement with Osisko Mining announced on November 28, 2023. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacing may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics, and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra's actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political, and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/315070
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are the key terms of the new Bonterra stock options?
The newly granted incentive stock options cover a total of 1,750,000 common shares. Each option vests immediately, has an exercise price of $0.155 per share, and is exercisable for a period of five years from the grant date. The grant is made under Bonterra's stock option plan and remains subject to any required regulatory approvals.
Who received the stock options granted by Bonterra?
The options were granted to various employees, officers, and directors of Bonterra Resources as part of the company’s incentive compensation program.
What Mineral Resources does Bonterra report at its Québec deposits?
The Gladiator, Barry, Moroy, and Bachelor gold deposits collectively hold 16.8 Mt at an average grade of 3.02 g/t Au for 1.63 Moz of Measured & Indicated Mineral Resources, plus 15.6 Mt at an average grade of 4.32 g/t Au for 2.17 Moz of Inferred Mineral Resources.
What are the main terms of Bonterra’s earn-in and joint venture agreement now involving Gold Fields?
The Urban-Barry earn-in and joint venture agreement, originally signed with Osisko Mining in November 2023, now has Gold Fields as counterparty following its October 2024 acquisition of Osisko Mining for C$2.16 billion. Under the agreement, Gold Fields can earn a 70% interest in the joint venture by incurring C$30 million in work expenditures on or before November 2026, including qualifying expenditures already incurred by Osisko Mining prior to October 2024.