Blackrock Silver Announces Grant of Long- term Incentive Awards
Blackrock Silver Announces Grant of Long-
term Incentive Awards
Vancouver, British Columbia--(Newsfile Corp. - January 17, 2025) - Blackrock Silver Corp. (TSXV:
BRC) (the "
Company
" or "
Blackrock
") announces that it has granted an aggregate total of 640,286
performance share units ("
PSUs
"), 89,286 deferred share units ("
DSUs
") and 1,320,307 stock options
("
Stock Options
") to certain directors, management and consultants of the Company and its Nevada
subsidiary pursuant to the Company's Omnibus Equity Incentive Compensation Plan (the "
Plan
").
Each Stock Option entitles the recipient to purchase one common share of the Company (each, a
"
Common Share
") at an exercise price per Common Share of $0.43 and will vest as to one-third on
each of the first, second and third anniversaries of the date of grant and will expire on January 17, 2030.
Each PSU entitles the recipient to receive one Common Share, or a cash payment equal to the Fair
Market Value (as defined in the Plan) of the Common Shares on the vesting date, or a combination of
Common Shares and cash, as determined in the sole discretion of the Compensation Committee of the
Board of Directors of the Company. The PSUs awarded will vest as to one-third on each of the first,
second and third anniversaries of the date of grant, subject to the achievement of certain corporate and
individual performance criteria.
Each DSU entitles the recipient to receive one Common Share upon settlement of the DSU. The DSUs
awarded will fully vest on the first anniversary of the date of grant date, being January 17, 2026, and will
settle on the DSU holder's termination of service with the Company.
For further information regarding the Plan, readers are encouraged to review the management
information circular (the "
Circular
") prepared for the Company' annual general meeting of shareholders
held on December 20, 2024, which includes a summary of the material terms of the Plan. The Circular is
available under the Company's profile on SEDAR+ (www.sedarplus.ca) and by visiting the Company's
website (
www.blackrocksilver.com
).
About Blackrock Silver Corp.
Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration
and development company driven to add shareholder value. Anchored by a seasoned Board of
Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of
low-sulphidation, epithermal gold and silver mineralization located along the established Northern
Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.
Additional information on Blackrock Silver Corp. can be found on its website at
www.blackrocksilver.com
and by reviewing its profile on SEDAR at
www.sedarplus.ca
.
For further information, please contact:
Andrew Pollard, President & Chief Executive Officer
Blackrock Silver Corp.
Phone: 604 817-6044
Email:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
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/237718