Resouro Strategic Metals Inc. Announces Grant of Options

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Resouro Strategic Metals grants 2,250,000 stock options to directors, officers, employees, and consultants

Toronto, Ontario--(Newsfile Corp. - October 19, 2023) - Resouro Strategic Metals Inc. (TSXV: RSM) (FSE: BU9) ("Resouro" or the "Company") is pleased to announce that the Company has granted 2,250,000 stock options (the "Options") to purchase common shares of the Company ("Common Shares") to certain directors, officers, employees, and consultants of the Company. The Options are exercisable at a price of $0.50 per Common Share for a period of five years from the date of grant. Each grant of Options is subject to the approval of the TSX Venture Exchange.

About Resouro Strategic Metals Inc.

Resouro is a Canadian-based mineral exploration and development company focused on the discovery and advancement of economic mineral projects in Brazil, including the Tiros Titanium-REE Project in Minas Gerais and the Novo Mundo Gold Project in Mato Grosso. Learn more about the Company on its website: https://resouro.com.

For further information, please contact:

Resouro Strategic Metals Inc.
Chris Eager
Chief Executive Officer
chris.eager@resouro.com

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/184498

FAQ

How many stock options were granted by Resouro Strategic Metals?

Resouro Strategic Metals granted 2,250,000 stock options.

Who are the recipients of the stock options?

The stock options were granted to certain directors, officers, employees, and consultants of the Company.

What is the exercise price of the stock options?

The exercise price of the stock options is $0.50 per Common Share.

What is the duration of the stock options?

The stock options are exercisable for a period of five years from the date of grant.

What is the approval required for the grant of options?

Each grant of options is subject to the approval of the TSX Venture Exchange.