Wolfden Announces Grant of Options

Rhea-AI Summary

Wolfden Resources Corporation has granted 3,155,000 options to purchase common shares at an exercise price of $0.25 per share, set to expire on September 1, 2027. This grant, part of the Company's Share Incentive Plan, reflects an annual review of compensation since February 2021 and includes new employees, directors, and consultants. Wolfden focuses on high-margin metallic mineral deposits, notably the Pickett Mountain Project, a top-tier polymetallic project in North America.

Positive

• Grant of 3,155,000 stock options may enhance employee and director incentives.
• Options priced at $0.25 could signify potential growth given market conditions.

Negative

• The exercise price of $0.25 may indicate current market challenges impacting share value.
• Forward-looking statements highlight risks including market volatility and exploration uncertainties.

THUNDER BAY, ON / ACCESSWIRE / September 2, 2022 / Wolfden Resources Corporation (TSXV:WLFV) (the "Company" or "Wolfden") announces that it has granted a total of 3,155,000 options to purchase common shares of the Company to certain directors, officers, employees and consultants pursuant to the Company's Share Incentive Plan. Such options have an exercise price of $0.25 per common share and expire on Sept 1, 2027. The grant relates in part to the Company's annual review of compensation since February 5, 2021 and includes the addition of new employees, consultants and directors.

About Wolfden

Wolfden is an exploration and development company focused on high-margin metallic mineral deposits including base, precious and strategic metals. Its wholly owned Pickett Mountain Project is one of the highest-grade polymetallic projects in North America (Zn, Pb, Cu, Ag, Au) and its two nickel sulphide deposits in Manitoba represent significant development projects with the potential to support the growing battery and EV markets.

For further information please contact Ron Little, President & CEO, at (807) 624-1136.

Cautionary Statement Regarding Forward-Looking Information

This press release contains forward-looking information (within the meaning of applicable Canadian securities legislation) that involves various risks and uncertainties regarding future events. Such forward-looking information includes statements based on current expectations involving a number of risks and uncertainties and such forward-looking statements are not guarantees of future performance of the Company, and include, without limitation, metal price assumptions, cash flow forecasts, permit and community approvals, and the timing and completion of exploration programs in Manitoba, Maine, New Brunswick and the respective drill results. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information in this news release, including without limitation, the following risks and uncertainties: (i) risks inherent in the mining industry; (ii) regulatory and environmental risks; (iii) results of exploration activities and development of mineral properties; (iv) risks relating to the estimation of Mineral Resources; (v) stock market volatility and capital market fluctuations; and (vi) general market and industry conditions. Actual results and future events could differ materially from those anticipated in such information. This forward-looking information is based on estimates and opinions of management on the date hereof and is expressly qualified by this notice. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure materials filed with the securities regulatory authorities in Canada at www.sedar.com. The Company assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such information unless required by applicable law.

Neither 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: Wolfden Resources Corporation

View source version on accesswire.com:
https://www.accesswire.com/714509/Wolfden-Announces-Grant-of-Options

FAQ

What did Wolfden Resources announce on September 2, 2022?

Wolfden Resources announced the granting of 3,155,000 options to purchase common shares at an exercise price of $0.25.

What is the duration of the stock options granted by Wolfden Resources?

The options granted by Wolfden Resources expire on September 1, 2027.

How does Wolfden Resources' stock option grant impact its employees?

The stock option grant serves to incentivize directors, officers, and employees, linking their compensation to company performance.

What is the significance of the Pickett Mountain Project for Wolfden Resources?

The Pickett Mountain Project is considered one of the highest-grade polymetallic projects in North America, highlighting Wolfden's focus on valuable metal deposits.

What risks are associated with Wolfden Resources, according to the press release?

Risks include mining industry volatility, regulatory challenges, and uncertainties in exploration results.