Primary Hydrogen Announces Grant of Stock Options

Rhea-AI Summary

Primary Hydrogen (OTCQB:HNATF, TSXV:HDRO) granted an aggregate of 360,000 incentive stock options to certain directors and officers under its equity incentive compensation plan. Each option allows purchase of one common share at $0.76, vests immediately on the grant date, and is exercisable for five years. The options and underlying shares are subject to a four-month and one day hold period under TSX Venture Exchange policies and applicable securities laws.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

• Grant of 360,000 stock options at a fixed $0.76 exercise price
• Five-year option term offers long-dated equity-based compensation
• Immediate 100% vesting aligns management incentives from grant date

Negative

• Potential share dilution from 360,000 new options if fully exercised
• Four-month and one day hold period limits near-term share liquidity for recipients

News Market Reaction – HNATF

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+14.42% News Effect

On the day this news was published, HNATF gained 14.42%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Calgary, Alberta--(Newsfile Corp. - June 10, 2026) - Primary Hydrogen Corp. (TSXV: HDRO) (OTCQB: HNATF) (FSE: 83W) ("Primary Hydrogen" or the "Company") is pleased to announce that an aggregate of 360,000 incentive stock options (each, an "Option") have been granted to certain directors and officers of the Company pursuant to the Company's omnibus equity incentive compensation plan (the "Plan"). Each Option is exercisable to acquire one common share in the capital of the Company (a "Common Share") at an exercise price of $0.76 per Common Share. The Options vest 100% on the date of grant and are exercisable for a period of five years following the issuance date.

All of the Options, and any Common Shares issuable upon exercise thereof, will be subject to a four-month and one day hold period in accordance with the policies of the TSX Venture Exchange and applicable securities laws.

About Primary Hydrogen Corp.

Primary Hydrogen is dedicated to the exploration and development of natural hydrogen resources. With over 740 acres in the U.S. and 230 square kilometers across Canada, the Company's portfolio includes the Blakelock, Hopkins, Mary's Harbour, Point Rosie, Crooked Amphibolite, Coquihalla, and Cogburn projects. Primary has an option to acquire a 75% interest in a hydrogen-REE project known as Wicheeda North located in British Columbia.

For more information, investors should review the Company's public filings, which are available at www.sedarplus.ca.

FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer and Director
Primary Hydrogen Corp.
Email: ben@primaryh2.com

The TSX Venture Exchange has not reviewed, approved or disapproved the contents of this news release and does not accept 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/300851

FAQ

What stock options did Primary Hydrogen (HNATF) grant on June 10, 2026?

Primary Hydrogen granted 360,000 incentive stock options to certain directors and officers. According to the company, each option allows purchase of one common share under its omnibus equity incentive compensation plan.

What is the exercise price of Primary Hydrogen (HNATF) stock options granted in June 2026?

The options have an exercise price of $0.76 per common share. According to Primary Hydrogen, each option is exercisable into one common share at this fixed price for a defined period.

How long are the June 2026 Primary Hydrogen (HNATF) stock options exercisable?

The options are exercisable for five years following the issuance date. According to Primary Hydrogen, this term defines how long recipients can purchase common shares at the $0.76 exercise price.

When do Primary Hydrogen (HNATF) June 2026 stock options vest?

The options vest 100% on the date of grant. According to Primary Hydrogen, this immediate vesting means eligible directors and officers can exercise their options anytime during the five-year term, subject to trading restrictions.

Is there a hold period on Primary Hydrogen (HNATF) shares from the June 2026 option grant?

Yes, the options and any shares issued are under a four-month and one day hold period. According to Primary Hydrogen, this hold complies with TSX Venture Exchange policies and applicable securities laws.

How could the June 2026 Primary Hydrogen (HNATF) option grant affect share count?

If fully exercised, the 360,000 options would add the same number of common shares. According to Primary Hydrogen, each option converts into one share, implying potential dilution relative to the existing share base.