Element 29 Announces Grant of Stock Options and Deferred Share Units

Element 29 (OTCQB: EMTRF) announced grants of equity incentives on April 24, 2026: 4,000,000 stock options at an exercise price of $1.35 with a five-year term, plus 428,750 deferred share units (DSUs) under its LTIP.

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Element 29 (OTCQB: EMTRF) announced grants of equity incentives on April 24, 2026: 4,000,000 stock options at an exercise price of $1.35 with a five-year term, plus 428,750 deferred share units (DSUs) under its LTIP. Grants are subject to TSX Venture Exchange acceptance and applicable securities laws.

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Vancouver, British Columbia--(Newsfile Corp. - April 24, 2026) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") announces that it has granted stock options and deferred share units ("DSUs") in accordance with the Company's incentive stock options plan (the "Plan") and long-term incentive plan (the "LTIP").

The Company has granted an aggregate of 4,000,000 stock options (the "Options") to certain directors, officers and consultants (the "Eligible Persons") of the Company. Each Option is exercisable to acquire one common share of the Company at an exercise price of $1.35 per share for a period of five (5) years from the date of grant, in accordance with the terms of the Plan and subject to the policies of the TSX Venture Exchange.

In addition, the Company has granted an aggregate of 428,750 DSUs to certain Eligible Persons of the Company under the LTIP. The DSUs vest in accordance with the terms of the LTIP and will be settled in accordance with the provisions of the LTIP, subject to any required regulatory approvals.

All grants are subject to the acceptance of the TSX Venture Exchange and applicable securities laws.

More information is available at www.e29copper.com.

For more information:
Richard Osmond, P.Geo.
CEO and Director
1-888-246-7881
info@e29copper.com

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294221

FAQ

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How many stock options did Element 29 (EMTRF) grant on April 24, 2026?

Element 29 granted 4,000,000 stock options exercisable for one share each. According to Element 29, each option has an exercise price of $1.35 and a five-year term from the date of grant, subject to TSX Venture Exchange approval.

What are the exercise price and term for the EMTRF options granted April 24, 2026?

The granted options have an exercise price of $1.35 and a five-year term. According to Element 29, each option is exercisable for one common share and is subject to the Plan and TSX Venture Exchange policies.

How many deferred share units did Element 29 (EMTRF) grant and how will they vest?

Element 29 granted 428,750 DSUs under its long-term incentive plan. According to Element 29, the DSUs vest in accordance with LTIP terms and will be settled under LTIP provisions, subject to any required regulatory approvals.

Are the April 24, 2026 equity grants by Element 29 subject to regulatory approval?

Yes. The grants are subject to acceptance by the TSX Venture Exchange and applicable securities laws. According to Element 29, all grants will be finalized only after required regulatory approvals are obtained.

Who received the stock options and DSUs from Element 29 (EMTRF) on April 24, 2026?

Grants were made to certain directors, officers and consultants of the company. According to Element 29, the options and DSUs were issued to eligible persons under the company’s Plan and LTIP, respectively, per plan terms.