Temas Resources Announces Grant of Stock Options

Rhea-AI Summary

Temas Resources Corp (CSE:TMAS)(OTCQB:TMASF) has announced the issuance of 650,000 stock options to directors, officers, and consultants. The options are structured as follows: 150,000 options exercisable for three years, 200,000 for four years, and the remainder for five years from the grant date. All options have an exercise price of $0.09 and will vest over one year, with 25% vesting on March 9, 2025, followed by equal portions every 6 months.

Temas Resources focuses on Iron-Titanium-Vanadium projects in Quebec, specifically the La Blache and Lac Brule projects. The company aims to develop critical metals for national mineral independence while implementing green mineral recovery technologies to reduce environmental impact.

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• Stock option issuance of 650,000 shares potentially leading to shareholder dilution

VANCOUVER, BC / ACCESSWIRE / December 10, 2024 / Temas Resources Corp. ("Temas" or the "Company") (CSE:TMAS)(OTCQB:TMASF) is pleased to announce that it has issued 650,000 stock options to directors, officers and consultants of the Company to purchase up to 650,000 common shares in the capital of the Company. Of the stock options granted, 150,000 are exercisable for a period of three years from the date of grant, 200,000 are exercisable for a period of four years from the date of grant and the balance are exercisable for a period of five years from the date of grant. All stock options granted will vest over one year with the first 25% vesting on March 9, 2025 and the balance vesting in equal portions every 6 months thereafter. The options have an exercise price of $0.09.

About Temas Resources

Temas Resources Corp. is focused on the advanced La Blache and Lac Brule Iron-Titanium-Vanadium projects in Quebec. The critical metals the Company is exploring for are key to our national mineral independence. Additionally, the Company invests in and works to apply its green mineral recovery technologies across its mining portfolio to reduce the environmental impact and carbon footprint of metal extraction through advanced processing and patented leaching technologies.

All public filings for the Company can be found on the SEDAR+ website www.sedarplus.ca. For more information about the Company, please visit www.temasresources.com.

For further information or investor relations inquiries:

Tim Fernback
President and CEO
tfernback@shaw.ca

or

KIN Communications Inc.
Tel: 604-684-6730
tmas@kincommunications.com

Cautionary Note Regarding Forward-Looking Statements

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Temas Resources Corp.

View the original press release on accesswire.com

FAQ

How many stock options did Temas Resources (TMASF) issue in December 2024?

Temas Resources issued 650,000 stock options to directors, officers, and consultants.

What is the exercise price for Temas Resources' (TMASF) December 2024 stock options?

The stock options have an exercise price of $0.09 per share.

What is the vesting schedule for Temas Resources' (TMASF) December 2024 stock options?

The options vest over one year, with 25% vesting on March 9, 2025, and the remaining portions vesting equally every 6 months thereafter.

What are the expiration periods for Temas Resources' (TMASF) December 2024 stock options?

150,000 options expire in three years, 200,000 in four years, and the remaining options expire in five years from the grant date.