Talent Infinity Resource Developments (TIRDF) has begun seeking consent to cancel stock options covering 3,046,000 common shares from its February grant. The board has approved the cancellation, but each affected holder must consent before it becomes effective. The affected options were allocated to 18 consultants and advisors and one former director.
The February 25, 2026 grant covered 4,346,000 shares; its exercise price was corrected on April 21 to $0.35 per share. None of the options have been exercised. After all required consents and cancellation, options covering 1,300,000 shares held by current directors and officers would remain exercisable at $0.35 per share until February 25, 2031. The audited financial statements for the year ended May 31, 2026 reflect the options as granted and outstanding then. Cancellation of vested options does not change previously recognized share-based compensation expense.