Hertz Energy Announces Grant of Stock Options

Rhea-AI Summary

Hertz Energy (OTCQB: HZLIF) granted an aggregate of 1,000,000 stock options to directors, officers, employees and consultants, subject to regulatory approval. The options vest immediately, are exercisable for 2 years and have an exercise price of $0.35 per share, issued under the company's stock option plan.

Vancouver, British Columbia--(Newsfile Corp. - February 4, 2026) - Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: A340) ("Hertz Energy" or the "Company") is pleased to announce the Company has granted, subject to regulatory approval, an aggregate of 1,000,000 stock options to directors, officers, employees and consultants of the Company. The options are exercisable for a period of 2 years from the date of grant at the price of $0.35 per share. The options vest immediately and are granted in accordance with the Company's stock option plan.

About Hertz Energy Inc.

The Company is a British Columbia based junior exploration company primarily engaged in the acquisition and exploration of energy metals mineral properties. The Company's lithium exploration projects include the AC/DC and Agastya Lithium Projects in James Bay Québec. Hertz Energy's 100% owned Harriman Antimony Project in the Gaspé Region of Quebec and the Lake George Antimony-Tungsten Project in New Brunswick are part of the Company's growing property portfolio.

For further information, please contact Mr. Kal Malhi or view the Company's filings at www.sedarplus.ca.

On Behalf of the Board of Directors

Kal Malhi
Chief Executive Officer and Director
Phone: 604-805-4602
Email: kal@bullruncapital.ca

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding "Forward-Looking" Information

This news release includes certain statements that may be deemed "forward-looking statements". Forward-looking statements in this news release include but are not limited to, statements about the Offering and the Company's expectations with respect to the foregoing. Factors that could cause future results to differ materially from those anticipated in forward-looking statements in this news release include the tax treatment of the FT Shares. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "Deposits", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, political and regulatory risks associated with mining and exploration, risks related to environmental regulation and liability. the potential for delays in exploration or development activities or the completion of feasibility studies, risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits, risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, results of prefeasibility and feasibility studies, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those Deposited in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282754

FAQ

What did Hertz Energy (HZLIF) announce on February 4, 2026 about stock options?

Hertz Energy announced a grant of 1,000,000 stock options exercisable at $0.35 for two years. According to the company, the options vest immediately and were granted to directors, officers, employees and consultants subject to regulatory approval.

How long are the HZLIF stock options exercisable and when do they vest?

The HZLIF options are exercisable for a period of two years from the grant date and they vest immediately. According to the company, immediate vesting applies to all granted options under its stock option plan.

Who received the 1,000,000 stock options from Hertz Energy (HZLIF)?

The options were granted to directors, officers, employees and consultants of the company. According to the company, the aggregate grant covers those groups and is subject to required regulatory approval.

What is the exercise price and regulatory condition for Hertz Energy's HZLIF options?

The exercise price is $0.35 per share and the grant is subject to regulatory approval. According to the company, the options were issued under its stock option plan and comply with applicable requirements.