Torq Resources Grants Stock Options

Rhea-AI Summary

Torq Resources (OTCQB:TRBMF) granted incentive stock options to new director John Eren, elected at the recent shareholder meeting. The grant covers 600,000 common shares at an exercise price of C$0.10, expiring five years from grant, subject to customary stock exchange approvals.

Options vest 25% on grant and 12.5% quarterly thereafter.

AI-generated analysis. Not financial advice.

VANCOUVER, BC / ACCESS Newswire / May 12, 2026 / Torq Resources Inc. (TSXV:TORQ)(OTCQB:TRBMF) ("Torq" or the "Company") announces the grant of incentive stock options, subject to customary stock exchange approvals, for the purchase of 600,000 common shares to new director, John Eren who was elected at the Company's recent shareholder meeting. The options are exercisable at C$0.10 and expire five years from the date of grant. The options will vest as to 25% on the date of grant and 12.5% every three months thereafter.

ON BEHALF OF THE BOARD,

Shawn Wallace
CEO & Chair

For further information on Torq Resources, please visit www.torqresources.com or contact the company at (778) 729-0500 or info@torqresources.com.

About Torq Resources

Torq is a Vancouver-based copper and gold exploration company with a portfolio of premium holdings in Chile. The Company is establishing itself as a leader of new exploration in prominent mining belts, guided by responsible, respectful and sustainable practices. The Company was built by a management team with prior success in monetizing exploration assets and its specialized technical team is recognized for their extensive experience working with major mining companies, supported by robust safety standards and technical proficiency. The technical team includes Chile-based geologists with invaluable local expertise and a noteworthy track record for major discovery in the country. Torq is committed to operating at the highest standards of applicable environmental, social and governance practices in the pursuit of a landmark discovery. For more information, visit www.torqresources.com.

Forward Looking Information

This release includes certain statements that may be deemed "forward-looking statements". Forward-looking information is information that includes implied future performance and/or forecast information including information relating to, or associated with, exploration and or development of mineral properties. These statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different (either positively or negatively) from any future results, performance or achievements expressed or implied by some of the principal forward-looking statements. See Torq's Annual Information Form filed April 29, 2024, at www.sedarplus.ca for disclosure of the risks and uncertainties faced in this business.

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 release.

SOURCE: Torq Resources Inc.

View the original press release on ACCESS Newswire

FAQ

What stock options did Torq Resources (TRBMF) grant to director John Eren in May 2026?

Torq Resources granted incentive stock options for 600,000 common shares to new director John Eren. According to Torq Resources, the options are subject to customary stock exchange approvals and relate to his election at the recent shareholder meeting.

What is the exercise price of Torq Resources (TRBMF) stock options granted on May 12, 2026?

The stock options have an exercise price of C$0.10 per common share. According to Torq Resources, these incentive options were granted to director John Eren and are part of his compensation following election at the shareholder meeting.

When do the Torq Resources (TRBMF) stock options granted to John Eren expire?

The stock options granted to John Eren expire five years from the date of grant. According to Torq Resources, this five-year term applies to all 600,000 incentive stock options issued to the newly elected director.

How do Torq Resources (TRBMF) stock options granted in May 2026 vest over time?

The options vest 25% on the grant date and 12.5% every three months thereafter. According to Torq Resources, this vesting schedule applies to the full 600,000 options awarded to director John Eren.

Are the May 12, 2026 Torq Resources (TRBMF) stock options subject to any approvals?

Yes, the stock options are subject to customary stock exchange approvals. According to Torq Resources, the incentive options for 600,000 common shares issued to director John Eren require these standard regulatory clearances before becoming fully effective.