Purepoint Announces Amendment of Omnibus Equity Incentive Compensation Plan

Rhea-AI Summary

Purepoint Uranium Group (OTCQB: PTUUF) shareholders have approved an amendment to the company's Omnibus Equity Incentive Compensation Plan at their annual meeting on May 28, 2025. The amendment increases the number of common shares reserved for restricted share units (RSUs) and performance share units (PSUs) from 3,688,894 to 6,426,776 shares, representing 10% of the company's outstanding shares. The amended plan includes a 10% "rolling" option plan and a fixed plan for RSUs and PSUs allocation.

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• None.

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• Potential shareholder dilution due to increased share reservation for equity compensation from 3.69M to 6.43M shares

Toronto, Ontario--(Newsfile Corp. - May 28, 2025) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (the "Company") announced that its proposed amendment to its Omnibus Equity Incentive Compensation Plan (the "Omnibus Plan") was approved by the Company's shareholders at its annual and special meeting of shareholders held on May 28, 2025. The amendment increased the number of common shares of the Company reserved for grant of restricted share units ("RSUs") and performance share units ("PSUs") under the Omnibus Plan from 3,688,894 to 6,426,776, representing 10% of the issued and outstanding shares of the Company as of today. The amended Omnibus Plan includes a 10% "rolling" option plan and a fixed plan permitting 6,426,776 common shares of the Company to be reserved for grant of RSUs and PSUs. Please refer to the Company's management information circular dated April 16, 2025, which is available under the Company's profile at www.sedarplus.ca for a copy and a summary of the amended Omnibus Plan.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada. The most prospective projects are actively operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd.

Additionally, the Company holds a promising volcanogenic massive sulphide (VMS) project currently optioned to Foran Mining Corporation that is geologically on trend with its McIlvenna Bay project. Through a robust and proactive exploration strategy, Purepoint is solidifying its position as a leading explorer in one of the globe's most significant uranium districts.

For more information, please contact:

Chris Frostad, President & CEO
Phone: (416) 603-8368
Email: cfrostad@purepoint.ca

For additional information please visit our new website at https://purepoint.ca, our Twitter feed: @PurepointU3O8 or our LinkedIn page @Purepoint-Uranium.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253679

FAQ

What changes were made to Purepoint Uranium's (PTUUF) equity compensation plan in May 2025?

Purepoint Uranium increased the number of shares reserved for RSUs and PSUs from 3,688,894 to 6,426,776 shares, representing 10% of outstanding shares, and implemented a 10% rolling option plan.

How many shares are now reserved for Purepoint Uranium's (PTUUF) RSUs and PSUs?

6,426,776 shares are now reserved for RSUs and PSUs under Purepoint Uranium's amended Omnibus Plan, representing 10% of the company's outstanding shares.

When did Purepoint Uranium (PTUUF) shareholders approve the amended equity compensation plan?

Shareholders approved the amended Omnibus Equity Incentive Compensation Plan at the annual and special meeting held on May 28, 2025.

What is the structure of Purepoint Uranium's (PTUUF) new Omnibus Plan?

The plan consists of a 10% rolling option plan and a fixed plan allowing 6,426,776 common shares to be reserved for RSUs and PSUs grants.