Strathmore Announces RSU Grants

Rhea-AI Summary

Strathmore Plus Uranium Corporation (OTCQB: SUUFF) granted an aggregate of 1,000,000 restricted share units (RSUs) to executives, officers, directors and consultants under its Equity Incentive Plan.

Per the grant: 1/4 of RSUs vest three months after the grant date, all RSUs expire December 31, 2029, and each vested RSU converts to one common share. The company also issued 1,000,000 options to a service provider exercisable for three years at an exercise price of $0.24 per share, with the Options vesting in quarterly portions (1/4) each three months subject to the Equity Incentive Plan.

Kelowna, British Columbia--(Newsfile Corp. - October 20, 2025) - Strathmore Plus Uranium Corporation (CSE: SUU) (OTCQB: SUUFF) ("Strathmore" or "the Company") announces that it granted an aggregate of 1,000,000 restricted share units (each an "RSU") to certain executives, officers, directors and consultants of the Company pursuant to the Company's Equity Incentive Plan, of which 1/4 vests 3 months after the grant date. All RSUs expire December 31, 2029. Each RSU represents the right to receive, once vested, one common share in the capital of the Company for every RSU held.

The Company further notes that it has issued 1 million options to a service provider which are exercisable for a period of 3 years at an exercise price of $0.24 per share. The Options shall vest as to ¼ vesting each 3 months from the date of issuance subject to the terms of the Plan.

About Strathmore Plus Uranium

Strathmore is focused on discovering uranium deposits in Wyoming, and has three permitted uranium projects including Agate, Beaver Rim, and Night Owl. The Agate and Beaver Rim properties contain uranium in typical Wyoming-type roll front deposits based on historical drilling data. The Night Owl property is a former producing surface mine that was in production in the early 1960s.

Strathmore Plus Uranium Corp.
Contact Information:
Investor Relations
Telephone: 1 888 882 8177
Email: info@strathmoreplus.com

ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO

Cautionary Statement: "Neither the CSE Exchange nor its Regulation Services Provider (as the term is defined in policies of the CSE 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/271232

FAQ

What did Strathmore (SUUFF) announce on October 20, 2025 about RSU grants?

Strathmore announced an aggregate grant of 1,000,000 RSUs, with 1/4 vesting after 3 months and all RSUs expiring on December 31, 2029.

How do the RSUs granted by Strathmore convert into common shares for SUUFF investors?

Each vested RSU represents the right to receive one common share in the company once vested.

What are the terms of the options Strathmore issued on October 20, 2025?

The company issued 1,000,000 options exercisable for 3 years at $0.24 per share, vesting in quarterly portions of 1/4 every 3 months.

When do the RSUs granted by Strathmore expire and what is the vesting schedule?

All RSUs expire on December 31, 2029, and 1/4 vests 3 months after the grant date per the announcement.

Who received the RSUs and options in Strathmore's October 20, 2025 grant?

The grants were made to certain executives, officers, directors and consultants of the company.