Ophir Metals Announces Option Grant

Rhea-AI Summary

Ophir Metals Corp. (OPHRF) has announced the granting of 900,000 stock options to its directors, officers, and consultants. The options can be exercised at $0.10 per common share and will remain valid for a five-year period. The common shares that would be issued upon exercise of these options are subject to a mandatory four-month hold period from the original grant date. This stock option grant appears to be part of the company's compensation and retention strategy for key personnel.

Toronto, Ontario--(Newsfile Corp. - June 4, 2025) - Ophir Metals Corp. (TSXV: OPHR) (OTCQB: OPHRF) (FSE: W0J) ("Ophir" or the "Company") announces that it has granted an aggregate of 900,000 options to purchase common shares of the Company exercisable at a price of $0.10 per common share for a period of five (5) years to directors, officers and consultants of the Company. The common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant.

About the Company

Ophir Metals Corp. is a mineral exploration company focused on the exploration and development of the Pilipas Lithium Property in James Bay, Quebec. Ophir holds an option to earn a 70% interest in the Pilipas property over a three-year period from Azimut Exploration Inc.

On behalf of the Board of Directors

"Shawn Westcott"
Ophir Metals Corp.

For further information, please contact:

Shawn Westcott, CEO
Phone 1 (604) 365 6681
swestcott@ophirgoldcorp.com

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.

Cautionary Note

This news release contains forward-looking statements. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254537

FAQ

What stock options did Ophir Metals (OPHRF) grant in June 2025?

Ophir Metals granted 900,000 stock options to directors, officers, and consultants, exercisable at $0.10 per share for a five-year period.

What is the exercise price for Ophir Metals' June 2025 stock options?

The exercise price for the stock options is $0.10 per common share.

How long is the hold period for Ophir Metals' (OPHRF) newly granted options?

The common shares issuable upon exercise of the options are subject to a four-month hold period from the original grant date.

When do Ophir Metals' June 2025 stock options expire?

The stock options have a five-year exercise period from the date of grant.