Hercules Metals Grants Stock Options
Hercules Metals Grants Stock Options
Toronto, Ontario / September 16, 2026 – Hercules Metals Corp. (“Hercules” or the
“Company”) (TSX -V: BIG | OTCQB: BADEF) announces that the Company has granted
6,650,000 incentive stock options (the “Options”) effective today (the “Grant Date”) to certain
directors, officers, employees and consultants of the Company pursuant to the Company's
omnibus incentive plan approved by shareholders of the Company on July 15, 2022 (the
“Plan”).
The Options were granted to partially compensate the directors, officers, employees and
consultants of the Company for the cancellation of an aggregate of 20,500,000 stock options
previously granted under the Plan, as described in the Company ’s press releases dated July
30, 2026 and August 7, 2026, and the cancellation of which was announced on September 14,
2026.
The Options are exercisable for a period of five years at an exercise price of $1.31 per common
share of the Company and will vest in three equal installments over a period of 24 months , as
follows: 1/3 of the Options vest immediately on the Grant Date; 1/3 of the Options will vest on
the first a nniversary of the Grant D ate; and 1/3 of the Options will vest on the second
anniversary of the Grant Date.
The granting of the Options is subject to the acceptance of the TSX Venture Exchange.
About Hercules Metals Corp.
Hercules Metals Corp. (TSX-V: BIG | OTCQB: BADEF) is an exploration Company focused on
developing America’s newest porphyry copper district, in Idaho.
The 100% owned Hercules Project, located northwest of Cambridge, hosts the newly
discovered Leviathan porphyry copper system, one of the most important new discoveries in
the country to date. The Company is well positioned for growth through continued dril ling,
supported by a strategic investment from Barrick Mining Corporation.
With the potential for significant scale, the Company’s management and board of directors aims
to deliver value to shareholders through proven discovery success.
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For further information, please contact:
George Ogilvie
President & CEO
Telephone: +1 (416) 723-0458
Email: [email protected]
Alison Dwoskin
VP Investor Relations
Telephone: +1 (647) 233-4348
Email: [email protected]
Cautionary Statements Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained or incorporated by reference
in this press release constitute “forward-looking statements” and “forward-looking information”
(collectively, “forward -looking statements”) within the meaning of applicable Canadian and
United States securities legislation. Generally, forward-looking statements can be identified by
the use of forward -looking terminology such as “assumption”, “believe”, “developing”,
“estimate”, “expect ation”, “exploration”, “focus ed”, “forward”, “future”, “intended” , “may”,
“potential”, “project”, ”, and “will”, or variations of such words, and similar such words,
expressions or statements that certain actions, events, conditions or results will, may, could, or
should (or not) be achieved, occur, provide, result or support in the future, or which, by their
nature, refer to future events. In some cases, forward-looking information may be stated in the
present tense, such as in respect of current matters that m ay be continuing, or that may have
a future impact or effect. Forward-looking statements in this press release may include
statements regarding future vesting of the Options and acceptance of the grant of the Options
by the TSX Venture Exchange.
Although the Company believes the forward-looking statements contained in this press release
are reasonable, there can be no assurance that those forward-looking statements will prove to
be correct, and any forward -looking statements by the Company are not guarantees of future
actions, results or performance. Forward -looking statements are based on assumptions,
estimates, expectations, information and opinions, which are considered reasonable and
represent best judgment based on available facts, as of the i ssuance of this press release. If
such assumptions, estimates, expectations and opinions prove to be incorrect, actual and
future results may be materially different than expressed or implied in the forward -looking
statements. The assumptions, estimates, e xpectations and opinions contained in this press
release which may prove to be incorrect include those set forth in this press release, as well as
those stated in the Company’s other public disclosure in 2026, including its Management’s
Discussion and Analysis (together with the accompanying financial statements) for the year
ended December 31, 2025 and the quarters already ended and reported in 2026 (collectively,
the “2026 Disclosure”), available on the Company’s website at www.herculesmetals.com and
under its issuer profile at www.sedarplus.ca. Forward-looking statements, by their nature, are
inherently subject to known and unknown risks, uncertainties, contingencies and other factors
which may cause the Company’s actual results, activity, performance, developments or
achievements, or other future events, to be materially different from any future results, activity,
performance, developments or achievements expressed or implied by such forward -looking
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statements. Examples of such assumptions, estimates, expectations, opinions, risks,
uncertainties, contingencies and other factors include those identified herein as well as those
set forth in the Company’s other 2026 Disclosure, , available on the Company’s website at
www.herculesmetals.com and/or under its issuer profile at www.sedarplus.ca. Although the
Company has attempted to identify important factors that could cause actual actions, events or
results to differ materially from those contained in forward -looking statements, there may be
other factors that cause actions, events or results to differ from those anticipated, estimated or
intended. Forward-looking statements contained herein are made as of the issuance of this
press release (or as otherwise expressly specified) and the Company disclaims any intention
or obligation to update or re vise any forward -looking statements, whether as a result of new
information, future events or results or otherwise, except as required by applicable securities
laws. There can be no assurance that such information will prove to be accurate, as actual
results and future events could differ materially from forward -looking statements. Accordingly,
readers should not place undue reliance on forward -looking statements. The forward -looking
statements referenced or contained in this press release are expressly qua lified by these
Cautionary Statements as well as the cautionary statements and/or notes in the Company’s
other 2026 Disclosure.
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 press release.