Mako Mining Announces Equity Incentive Grants

Mako Mining issues 60,000 employee stock options priced at the recent 5-day VWAP with a five-year term.

Rhea-AI Summary

Mako Mining (MAKO) granted an aggregate of 60,000 stock options under its Omnibus Incentive Plan to two employees, with each receiving 30,000 options.

The options have an exercise price of C$13.92 per common share, equal to the 5-day VWAP of Mako’s shares on the TSXV before the grant date, and a five-year term expiring on September 17, 2031.

Key Figures

Stock options granted: 60,000 stock options Options per employee: 30,000 stock options Exercise price: C$13.92 per common share +2 more

Stock options granted

60,000 stock options

Granted to two employees under the Omnibus Incentive Plan

Options per employee

30,000 stock options

Each of two employees

Exercise price

C$13.92 per common share

Equal to the five-day TSXV VWAP before the grant date

Option term

Five years

Term of each option

Expiration date

September 17, 2031

Options expiration

Key Terms

vwap, omnibus incentive plan, heap leach

3 terms

vwap financial

"representing the 5-day VWAP of the Company's common shares"

VWAP, or Volume-Weighted Average Price, is a way to find the average price of a stock throughout the trading day, giving more importance to times when more shares are traded. It helps traders see the typical price and decide whether a stock is expensive or cheap compared to its average, similar to finding the average speed during a trip by giving more weight to times when you traveled faster or slower.

omnibus incentive plan financial

"under the terms of the Company's Omnibus Incentive Plan"

An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.

heap leach technical

"a permitted heap leach project in Nevada"

Heap leach is a mining method where crushed ore is piled into a heap and a liquid is dripped or sprayed over it to dissolve valuable metals, which are then collected from the runoff. Investors care because it is a lower-cost, scalable way to produce metals like gold or copper, but it also affects project timelines, recovery rates, capital needs and environmental or regulatory risk — like choosing a cheap, slow way to extract juice from a fruit versus pressing it quickly.

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VANCOUVER, BC / ACCESS Newswire / September 18, 2026 / Mako Mining Corp. (NASDAQ:MAKO)(TSXV:MKO) ("Mako" or the "Company") has granted an aggregate of 60,000 stock options under the terms of the Company's Omnibus Incentive Plan (the "Plan") to two employees of the Company, with each receiving 30,000 stock options. The options have an exercise price of C$13.92 per common share, representing the 5-day VWAP of the Company's common shares on the TSXV ending on the last trading day prior to the date of grant, and have a term of five years, expiring on September 17, 2031.

On behalf of the Board,

Akiba Leisman
Chief Executive Officer

About Mako

Mako Mining Corp. is a publicly listed gold mining, development and exploration company. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which ranks as one of the highest-grade open pit gold mines globally and offers district-scale exploration potential. Mako also owns two assets in the US: the Moss Mine in Arizona, an open pit gold mine in northwestern Arizona and the Mt. Hamilton Project, a permitted heap leach project in Nevada. Mako also holds a 100% interest in the PEA-stage Eagle Mountain Project in Guyana, South America. Eagle Mountain is the subject of engineering, environmental and mine permitting activity.

For further information: Mako Mining Corp., Akiba Leisman, Chief Executive Officer, Telephone: 917-558-5289, E-mail: aleisman@makominingcorp.com or visit our website at www.makominingcorp.com and SEDAR www.sedarplus.ca.

SOURCE: Mako Mining Corp.

View the original press release on ACCESS Newswire