Sierra Madre Announces Grant of Stock Options

Rhea-AI Summary

Sierra Madre Gold and Silver (OTCQX: SMDRF) has announced the grant of 2,750,000 stock options to various stakeholders including employees, directors, management, and consultants. The options are priced at $0.73 per share with a five-year exercise period.

The majority of options will vest in three tranches: one-third immediately, one-third after six months, and the final third after 12 months. A special allocation of 40,000 options to Adelaide Capital, the company's investor relations consultant, will vest quarterly over one year. The grant remains subject to TSX Venture Exchange approval.

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Vancouver, British Columbia--(Newsfile Corp. - July 28, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") announces that, pursuant to its Stock Option Plan, it has granted stock options to employees of La Guitarra Compania Minera, S.A. de C.V., certain directors, management and consultants of the Company, to purchase an aggregate of 2,750,000 common shares of the Company at the price of $0.73 per share for a period of five years from the grant date. The Options shall be granted under and subject to the terms and conditions of the Company's stock option plan (the "Plan") and subject to the rules and policies of the Exchange. 40,000 of the options were granted to the Company's investor relations consultant, Adelaide Capital and will vest ¼ three months after the date of the grant; ¼ six months after the date of the grant; ¼ nine months after the date of the grant and ¼ twelve months after the date of the grant. The remaining options will vest 1/3 immediately as of the date of grant; 1/3 six months after the date of the grant; and 1/3 12 months after the date of the grant. This stock option grant is subject to acceptance by the TSX Venture Exchange.

About Sierra Madre

Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) is a precious metals development and exploration company focused on the Guitarra mine in the Temascaltepec mining district, Mexico, and the exploration and development of its Tepic property in Nayarit, Mexico. The Guitarra mine is a permitted underground mine, which includes a 500 t/d processing facility that operated until mid-2018 and restarted commercial production in January 2025.

The +2,600 ha Tepic Project hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource.

Sierra Madre's management team has played key roles in managing the exploration and development of silver and gold mineral reserves and mineral resources. Sierra Madre's team of professionals has collectively raised over $1 billion for mining companies.

On behalf of the board of directors of Sierra Madre Gold and Silver Ltd.,

"Alexander Langer"
Alexander Langer
President, Chief Executive Officer and Director
778-820-1189

Contact:
investor@sierramadregoldandsilver.com

Cautionary Note Regarding Forward-Looking Information

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 news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260450

FAQ

What is the exercise price of Sierra Madre's (SMDRF) newly granted stock options?

The stock options were granted at an exercise price of $0.73 per share with a five-year exercise period from the grant date.

How many stock options did Sierra Madre (SMDRF) grant in July 2025?

Sierra Madre granted a total of 2,750,000 stock options to employees, directors, management, and consultants.

What is the vesting schedule for Sierra Madre's (SMDRF) stock options granted in July 2025?

Most options vest in three tranches: 1/3 immediately, 1/3 after six months, and 1/3 after 12 months. Adelaide Capital's 40,000 options vest quarterly over one year.

How long can Sierra Madre (SMDRF) option holders exercise their July 2025 granted options?

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