BTU Option Grant

Rhea-AI Summary

BTU Metals Corp (OTCQB:BTUMF) granted 4,000,000 stock options to directors, officers and consultants on February 16, 2026. The options are exercisable at $0.07 per share and expire three years from the grant date under the company stock option plan.

This grant follows the company's existing stock option plan and outlines the exercise price and term for recipients.

VANCOUVER, BC / ACCESS Newswire / February 16, 2026 / BTU METALS CORP. ("BTU" or the "Company") (TSX:V:BTU)(OTCQB:BTUMF) announces it has granted a total of 4,000,000 stock options to directors, officers and consultants of the company exercisable at a price of $0.07 per share for a period of three years from the date of grant. The options have been granted in accordance with the company's stock option plan.

About BTU

BTU Metals Corp. is a junior mining exploration company. BTU's primary assets are the Dixie Halo Project located in Red Lake, Ontario (optioned to Kinross) immediately adjacent to the Kinross Great Bear Project, the Dixie East project and its gold and critical minerals properties in the active Wawa gold district. The Company continues to look to acquire high quality exploration projects to add to its portfolio for the benefit of its stakeholders. The Company has no debt and minimal property obligations.

ON BEHALF OF THE BOARD

"Paul Wood"

Paul Wood, CEO, Director
pwood@btumetals.com

BTU Metals Corp.
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

Cautionary Statement

Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about future plans and objectives of the Company is forward-looking information. Other forward-looking information includes but is not limited to information concerning: the intentions, plans and future actions of the Company.

Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.

This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: risks relating to the global economic climate; dilution; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the effects of product development; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. The Company has also assumed that no significant events occur outside of the normal course of business. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.

SOURCE: BTU Metals Corp.

View the original press release on ACCESS Newswire

FAQ

How many stock options did BTU Metals (BTUMF) grant on February 16, 2026?

BTU Metals granted 4,000,000 stock options on February 16, 2026. According to the company, the awards were issued to directors, officers and consultants under its stock option plan and specify the total option count, recipients, exercise price and term.

What is the exercise price and term for the BTU Metals (BTUMF) option grant?

The options are exercisable at $0.07 per share for a period of three years from the grant date. According to the company, that price and three-year term apply to the entire 4,000,000-option grant under its stock option plan.

Who received the 4,000,000 options in the BTU Metals (BTUMF) grant?

The options were granted to company directors, officers and consultants. According to the company, the allocation covers those internal and external eligible recipients in accordance with the stock option plan.

Will the BTU Metals (BTUMF) option grant dilute existing shareholders?

The grant could create potential dilution if and when options are exercised, increasing outstanding shares. According to the company, 4,000,000 options were issued; actual dilution depends on current outstanding share count and future exercise activity.

Under what plan were the BTU Metals (BTUMF) options granted on February 16, 2026?

The options were granted under the company's existing stock option plan. According to the company, the award follows the plan's terms, including recipient eligibility, exercise price and three-year term from grant date.

When do the BTU Metals (BTUMF) options expire if not exercised?

All granted options expire three years from the date of grant if not exercised. According to the company, the 4,000,000 options carry a three-year term and will lapse thereafter if unexercised.