GreenLight Metals Announces Equity Incen7ve Grants
N4480 Co. Rd. E, Medford, WI 54451
NEWS RELEASE
GreenLight Metals Announces Equity Incen7ve Grants
April 9, 2026 – MEDFORD, WI. GreenLight Metals Inc. (TSXV: GRL) (OTCQB: GRLMF) (“GreenLight” or the
“Company”) announces that the Company has granted an aggregate of 2,067,488 incenOve stock opOons
(“OpDons”) and 238,378 restricted share units (“RSUs”) under its amended and restated equity incenOve
plan (the “Equity IncenDve Plan”). Certain of the grants announced today implement compensaOon
arrangements previously approved by the board in connecOon with FY2025 compensaOon. As previously
determined by the board, a porOon of FY2025 bonus compensaOon for certain execuOve officers was to
be se[led in equity, with one-half of that equity porOon to be se[led in stock opOons and one-half in RSUs.
The OpOons are exercisable at C$0.37 per common share and expire on April 9, 2033. Of the OpOons
granted, 600,000 were granted to directors, 1,077,488 were granted to execuOve officers, 240,000 were
granted to consultants and 150,000 were granted to an investor relaOons service provider .
The OpOons granted to directors, execuOve officers and consultants vest 25% on the grant date and 25%
on each of the first, second and third anniversaries of the grant date. The OpOons granted to the investor
relaOons service provider vest in four equal 25% tranches on the dates that are 3, 6, 9 and 12 months
following the grant date.
Of the RSUs granted, 148,378 were granted to execuOve officers and 90,000 were granted to a consultant.
The RSUs granted to execuOve officers vest 50% on April 9, 2027 and 50% on April 9, 2028. The RSUs
granted to the consultant vest in full on April 9, 2027. Each vested RSU enOtles the holder to receive one
common share of the Company in accordance with the Equity IncenOve Plan.
The grants remain subject to the policies of the TSX Venture Exchange and, where applicable, acceptance
by the TSX Venture Exchange. This news release is for informaOonal purposes only and does not consOtute
an offer to sell or a solicitaOon of an offer to buy any securiOes in any jurisdicOon.
About GreenLight Metals Inc.
GreenLight is a Wisconsin-focused exploraOon company advancing copper-gold and gold projects across
the Penokean Volcanic Belt—one of North America’s most prospecOve VMS districts—and the Kalium
Canyon epithermal gold project in Nevada’s Walker Lane. In Wisconsin, our porlolio includes the Bend
copper-gold deposit, the Reef high-grade gold project, and the Lobo and Lobo East massive sulfide targets.
Guided by a team with deep roots in the state, we are building a modern minerals company for Wisconsin,
by Wisconsin—commi[ed to responsible exploraOon, transparent engagement, and creaOng durable local
opportuniOes as we help supply the criOcal metals that power the energy transiOon.
For more informaDon, please contact:
Ma[ Filgate, President & CEO
(778) 679-3579
ma[@greenlightmetals.com
Neither TSX Venture Exchange nor its Regula7on Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
CauDonary Statement Regarding Forward-Looking InformaDon
This news release contains forward-looking informaOon, including statements regarding the terms, Oming,
vesOng, se[lement and exercise of the OpOons and RSUs and compliance with, and any applicable
acceptance by, the TSX Venture Exchange. Forward-looking informaOon is based on current expectaOons,
esOmates and assumpOons that management believes are reasonable as of the date of this news release.
Actual results may differ materially as a result of risks and uncertainOes, including the risk that an y
applicable TSX Venture Exchange acceptance is not obtained on the terms or Omeline expected. Readers
should not place undue reliance on forward-looking informaOon. Except as required by applicable law, the
Company undertakes no obligaOon to update or revise any forward-looking informaOon, whether as a
result of new informaOon, future events or otherwise.