Purepoint Uranium Announces Grant of Options and Restricted Share Units
Purepoint Uranium Announces Grant of
Options and Restricted Share Units
Toronto, Ontario--(Newsfile Corp. - January 5, 2026) - Purepoint Uranium Group Inc. (TSXV: PTU)
(OTCQB: PTUUF) ("
Purepoint
" or the "
Company
") approved the issuance of 1,223,600 restricted
share units ("
RSUs
") to its directors and officers and a total of 230,000 options (the "
Options
") to
certain of its employees pursuant to the Company's Omnibus Equity Incentive Compensation Plan. Each
Option is exercisable to acquire one common share of the Company at a price of $0.47 per share and
expires on the date that is five years from the date of grant. The Options will vest in three equal
installments with first instalment vesting immediately upon grant and each of the remaining two
instalments vesting on January 5, 2027 and January 5, 2028. The RSUs will vest on the date that is one
year from the date of grant and will expire on December 28, 2029. Each RSU represents the right to
receive, upon vesting, one common share of the Company.
About Purepoint Uranium Group Inc.
Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) is a focused explorer with a dynamic
portfolio of advanced projects within the renowned Athabasca Basin in Canada. Highly prospective
uranium projects are actively operated on behalf of partnerships with industry leaders including Cameco
Corporation, Orano Canada Inc. and IsoEnergy Ltd.
Additionally, the Company holds a promising VHMS project currently optioned to and strategically
positioned adjacent to and on trend with Foran Corporation's McIlvenna Bay project. Through a robust
and proactive exploration strategy, the Company is solidifying its position as a leading explorer in one of
the globe's most significant uranium districts.
For further information, please contact:
Chris Frostad, President and CEO
Phone: (416) 603-8368
Email:
For additional information please visit our new website at
https://purepoint.ca
,
our Twitter feed:
@PurepointU3O8
or our LinkedIn page
@Purepoint-Uranium
.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press
release.
Disclosure regarding forward-looking statements
This press release contains projections and forward-looking information that involve various risks and
uncertainties regarding future events. Such forward-looking information can include without limitation
statements based on current expectations involving a number of risks and uncertainties and are not
guarantees of future performance of the Company. These risks and uncertainties could cause actual
results and the Company's plans and objectives to differ materially from those expressed in the forward-
looking information. Actual results and future events could differ materially from those anticipated in such
information. These and all subsequent written and oral forward-looking information are based on
estimates and opinions of management on the dates they are made and expressly qualified in their
entirety by this notice.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/279495