Equity Metals Provides Corporate Update

Rhea-AI Summary

Equity Metals (OTC:EQMEF) announced outcomes from its annual general meeting held January 28, 2026. Incumbent directors Joseph A. Kizis Jr., Lawrence Page K.C., Killian Ruby, Courtney Shearer and John Kerr were re-elected.

Shareholders re-appointed Davidson & Company LLP as auditor, approved a rolling stock option plan reserving up to 10% of issued shares, and the company granted 9,000,000 options at an exercise price of $0.45 exercisable for five years, subject to TSXV policies and plan terms.

Positive

• Board continuity maintained with five incumbent directors re-elected
• Auditor re-appointed: Davidson & Company LLP provides continuity in financial oversight
• Rolling stock option plan approved to reserve up to 10% of issued shares

Negative

• Potential shareholder dilution from a plan reserving up to 10% of issued shares
• 9,000,000 options granted at $0.45 exercisable for five years could dilute existing holders

Vancouver, British Columbia--(Newsfile Corp. - January 29, 2026) - Equity Metals Corporation (TSXV: EQTY) ("Equity" or the "Company") announces that the following incumbent directors were re-elected at the Company's annual general meeting held on January 28, 2026: Joseph A. Kizis, Jr., Lawrence Page, K.C., Killian Ruby, Courtney Shearer and John Kerr. In addition, the shareholders re-appointed Davidson & Company LLP, Chartered Accountants, as auditor of Equity Metals and approved the Company's rolling incentive stock option plan pursuant to which a maximum of 10% of the issued shares will be reserved for issuance under the plan. The plan is subject to TSX Venture Exchange acceptance.

The following officers were re-appointed subsequent to the annual general meeting: Joseph A. Kizis, Jr. as President, Lawrence Page, K.C. as Chairman, Robert Macdonald as Vice President Exploration, Jay Oness as Vice President Corporate Development, Killian Ruby as Chief Financial Officer, and Arie Page as Corporate Secretary.

Equity Metals has granted incentive stock options to directors, officers and consultants to purchase 9,000,000 common shares of the Company at an exercise price of $0.45 per share, exercisable for a period of five years. The stock options are subject to the terms and conditions of Equity Metals' stock option plan and the policies of the TSX Venture Exchange.

About Equity Metals Corporation

Equity Metals Corporation is a member of the Malaspina-Manex Group. The Company owns 100% interest, with no underlying royalty, in the Silver Queen project, located along the Skeena Arch in the Omineca Mining Division, British Columbia. The property hosts high-grade, precious- and base-metal veins related to a buried porphyry system, which has been only partially delineated. The Company also has a controlling JV interest (57.49%) in the Monument Diamond project, NWT, strategically located in the Lac De Gras district within 40 km of both the Ekati and Diavik diamond mines. As well, the Company has an option to acquire a 100% interest in the Arlington Property, located within the Boundary District of south-central British Columbia where 2025 exploration work consisted of geophysics and diamond drilling designed to identify and delineate an apparent gold system.

On behalf of the Board of Directors

"Lawrence Page, K.C."

Lawrence Page, K.C.
Chairman, Director, Equity Metals Corporation

For further information, visit the website at https://www.equitymetalscorporation.com; or contact us at 604.641.2759 or by email at corpdev@mnxltd.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.

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Equity Metals Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281991

FAQ

Who was re-elected to the board of Equity Metals (EQMEF) at the January 28, 2026 AGM?

Five incumbent directors were re-elected: Joseph A. Kizis Jr., Lawrence Page K.C., Killian Ruby, Courtney Shearer and John Kerr. According to the company, these re-elections maintain existing board composition and governance continuity.

What stock option plan did Equity Metals (EQMEF) approve on January 28, 2026?

Shareholders approved a rolling incentive stock option plan reserving up to 10% of issued shares. According to the company, the plan is subject to TSX Venture Exchange acceptance and sets the maximum pool for future option grants.

How many options did Equity Metals (EQMEF) grant and at what price?

Equity Metals granted 9,000,000 options at an exercise price of $0.45 per share, exercisable for five years. According to the company, the options are subject to the stock option plan terms and TSXV policies.

Will the rolling option plan for Equity Metals (EQMEF) cause dilution for shareholders?

The plan could cause dilution because it reserves up to 10% of issued shares for issuance under the plan. According to the company, actual dilution depends on future grants and exercise of options under TSXV rules.

Who is Equity Metals' auditor following the January 28, 2026 meeting?

Shareholders re-appointed Davidson & Company LLP as auditor for Equity Metals. According to the company, the auditor re-appointment preserves continuity in financial reporting and audit oversight.