Purepoint Uranium Announces Grant of Options and Restricted Share Units

Rhea-AI Summary

Purepoint Uranium Group (OTCQB: PTUUF, TSXV: PTU) approved equity awards on January 5, 2026 under its Omnibus Equity Incentive Compensation Plan.

The board granted 1,223,600 restricted share units (RSUs) to directors and officers and 230,000 stock options to employees. Each option is exercisable for one common share at $0.47 and expires five years from the grant date. Options vest in three equal instalments: the first vests immediately, with remaining instalments on January 5, 2027 and January 5, 2028. RSUs vest one year from grant and expire on December 28, 2029; each RSU converts to one common share upon vesting.

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Toronto, Ontario--(Newsfile Corp. - January 5, 2026) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") approved the issuance of 1,223,600 restricted share units ("RSUs") to its directors and officers and a total of 230,000 options (the "Options") to certain of its employees pursuant to the Company's Omnibus Equity Incentive Compensation Plan. Each Option is exercisable to acquire one common share of the Company at a price of $0.47 per share and expires on the date that is five years from the date of grant. The Options will vest in three equal installments with first instalment vesting immediately upon grant and each of the remaining two instalments vesting on January 5, 2027 and January 5, 2028. The RSUs will vest on the date that is one year from the date of grant and will expire on December 28, 2029. Each RSU represents the right to receive, upon vesting, one common share of the Company.

About Purepoint Uranium Group Inc.

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. Highly prospective uranium 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 VHMS project currently optioned to and strategically positioned adjacent to and on trend with Foran Corporation's McIlvenna Bay project. Through a robust and proactive exploration strategy, the Company is solidifying its position as a leading explorer in one of the globe's most significant uranium districts.

For further information, please contact:

Chris Frostad, President and 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.

Disclosure regarding forward-looking statements

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279495

FAQ

How many RSUs did Purepoint Uranium (PTUUF) grant on January 5, 2026?

The company granted 1,223,600 RSUs on January 5, 2026.

What are the details of the 230,000 options granted by Purepoint (PTUUF)?

The company granted 230,000 options, each exercisable for one share at $0.47, expiring five years from grant.

When do the Purepoint (PTUUF) options vest and expire?

Options vest in three equal instalments: immediately, on Jan 5, 2027, and on Jan 5, 2028; each option expires five years from the grant date.

When do the RSUs granted by Purepoint (PTUUF) vest and when do they expire?

The RSUs vest one year from the grant date and expire on December 28, 2029.

What does one RSU convert into for Purepoint (PTUUF)?

Each RSU represents the right to receive one common share of the company upon vesting.

Where were the January 5, 2026 equity awards approved within Purepoint (PTUUF)?

The awards were approved under the company's Omnibus Equity Incentive Compensation Plan.