Metalsource Mining Grants RSUs and Stock Options

Rhea-AI Summary

Metalsource Mining (OTCQB: SFRIF) announced equity compensation grants on March 6, 2026. The company granted an aggregate 2,250,000 stock options exercisable at $0.98 for five years and 3,115,000 restricted share units valid for five years.

Grants were made to executive officers, directors and consultants, vesting over a one-year term and subject to a statutory hold period of four months and one day from issuance.

Vancouver, British Columbia--(Newsfile Corp. - March 6, 2026) - METALSOURCE MINING INC. (CSE: MSM) (OTCQB: SFRIF) (FSE: E9Z) (the "Company" or "Metalsource") the Company has granted an aggregate 2,250,000 stock options, exercisable at $0.98 per share and valid for a term of five years, and an aggregate 3,115,000 restricted share units, valid for a term of five years, to executive officers, directors and consultants of the Company. The stock options and restricted share units are issued pursuant to the Company's share compensation plans and are subject to vesting over a one-year term, in addition to a statutory hold period of four months and one day from issuance.

About Metalsource Mining Inc.

Metalsource Mining Inc. is a Canadian mineral exploration company focused on advancing high-potential mineral assets through modern, systematic exploration and value-driven discovery.

For more information, please refer to SEDAR+ (www.sedarplus.ca), under the Company's profile.

ON BEHALF OF THE BOARD OF DIRECTORS

Joseph Cullen, Chief Executive Officer and Director
For more information please contact:
Mr. Joseph Cullen
Phone: 778-919-8615
Email: jpacullen@gmail.com
Website: https://www.metalsourcemining.com

Cautionary Note About Forward-Looking Statements
This news release may include forward-looking statements that are subject to risks and uncertainties. By its nature, this information is subject to ‎‎inherent risks and ‎‎uncertainties that may be general or specific and which give rise to the possibility that ‎‎expectations, ‎‎forecasts, predictions, projections, or conclusions will not prove to be accurate, that ‎‎assumptions may not ‎‎be correct, and that objectives, strategic goals and priorities will not be achieved. ‎‎These risks and ‎‎uncertainties include but are not limited those identified and reported in the Company's ‎‎public filings ‎‎under the Company's SEDAR profile at www.sedarplus.ca. Although the Company has ‎‎attempted to identify ‎‎important factors that could cause actual actions, events, or results to differ ‎‎materially from those ‎‎described in forward-looking information, there may be other factors that cause ‎‎actions, events or ‎‎results not to be as anticipated, estimated or intended. There can be no assurance that ‎‎such information ‎‎will prove to be accurate as actual results and future events could differ materially from ‎‎those ‎‎anticipated in such statements. 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 unless ‎‎required by law.‎

Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) 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/286553

FAQ

What did Metalsource Mining (SFRIF) announce on March 6, 2026 regarding stock-based compensation?

They announced grants of stock options and restricted share units to executives, directors and consultants. According to the company, the awards include 2,250,000 options at $0.98 and 3,115,000 RSUs, each with a five-year term and one-year vesting.

What are the exercise price and term for the SFRIF stock options granted March 6, 2026?

The options are exercisable at $0.98 per share with a five-year term. According to the company, the options were issued under its share compensation plan and are subject to one-year vesting and a statutory four-month-and-one-day hold.

How many restricted share units did Metalsource Mining (SFRIF) issue and what are their terms?

Metalsource issued 3,115,000 restricted share units with a five-year validity period. According to the company, the RSUs vest over one year and are subject to a statutory hold period of four months and one day from issuance.

Who received the stock options and RSUs in the Metalsource Mining (SFRIF) March 6, 2026 grant?

The awards were granted to executive officers, directors and consultants of the company. According to the company, the grants were issued pursuant to its share compensation plans and carry standard vesting and statutory hold conditions.

What are the vesting and hold-period conditions for the SFRIF equity awards announced March 6, 2026?

Both the stock options and RSUs vest over a one-year term and carry a statutory hold of four months and one day. According to the company, these conditions apply from the date of issuance under its share compensation plans.