Fuerte Metals Long Term Incentive Grants
Rhea-AI Summary
Fuerte Metals (TSXV: FMT) (OTCQB: FUEMF) has announced the granting of equity-based incentives to its directors, officers, and employees. The company has issued 737,500 stock options exercisable at $0.91 per share until February 3rd, 2030. Additionally, 225,000 Restricted Share Units (RSUs) have been granted, which will vest equally over a three-year period. The options are subject to the Company's Long Term Incentive Plan and TSX Venture Exchange policies.
Positive
- None.
Negative
- Potential future dilution of 962,500 shares through options and RSUs
- Additional share-based compensation expense will impact financial statements
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2025) - Fuerte Metals Corporation (TSXV: FMT) (OTCQB: FUEMF) ("Fuerte" or the "Company") announces that the Company has granted an aggregate of 737,500 options to acquire common shares in the capital of the Company, and 225,000 Restricted Share Units to directors, officers and employees of the Company. The options are exercisable into common shares of Fuerte at a price of
About Fuerte Metals Corporation
Fuerte Metals is a well-funded resource company that adds value through the acquisition, exploration, and development of copper and precious metals projects in the Americas. The company is carrying out a 21,000 m drilling campaign at its Cristina precious metals project in Chihuahua Mexico, with the goal of significantly expanding the existing mineral resource estimate with a focus on underground mining. In Chile, the Placeton/Caballo Muerto project hosts several untested porphyry copper targets situated between the large-scale Relincho and El Morro/La Fortuna copper-gold deposits of the Nueva Union joint venture between Teck and Newmont Mining.
Additional Information
For more information, please contact:
Tim Warman
Chief Executive Officer and Director
Fuerte Metals Corporation
Email: info@fuertemetals.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves 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 statements.
In this news release, forward-looking statements relate to, among other things, the anticipated timing of drilling and management's objectives, strategies, beliefs and intentions. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Due to the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward- looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in 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/239488
FAQ
How many stock options did Fuerte Metals (FUEMF) grant on February 3, 2025?
What is the exercise price of Fuerte Metals' (FUEMF) February 2025 stock options?
When do Fuerte Metals' (FUEMF) February 2025 stock options expire?
How many RSUs did Fuerte Metals (FUEMF) grant in February 2025?
What is the vesting schedule for Fuerte Metals' (FUEMF) February 2025 RSUs?
