Spartan Metals – Announces AdopƟon of New Equity IncenƟve Plans and the Grant of Security-Based CompensaƟon
TSX-V: W | OTCQB: SPRMF | FSE: J03
1-888-535-0325
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Spartan Metals – Announces AdopƟon of New Equity IncenƟve Plans
and the Grant of Security-Based CompensaƟon
Vancouver, Canada, January 23, 2026 – Spartan Metals Corp. (“Spartan” or the “Company”) (TSX-V: W |
OTCQB: SPRMF | FSE: J03) announces its shareholders have approved the Company’s new 10% rolling
stock opƟon plan (the “ OpƟon Plan”) and it’s share unit plan (the “ Share Unit Plan ”) (collecƟvely the
“Equity IncenƟve Plans”) at the Company’s annual meeƟng of shareholders held on January 19, 2026 (the
“Shareholders’ MeeƟng”).
The Equity Incen Ɵve Plans provide the Company with the ability to issue stock op Ɵons (“ OpƟons”),
restricted share units (“ RSU’s”) and deferred share units (“ DSU’s”) to directors, officers, employees or
consultants of the Company or its subsidiaries. The aggregate number of common shares reserved for
issuance in connecƟon with the OpƟon Plan shall not exceed 10% of the issued and outstanding common
shares of the Company at the Ɵme of grant. The number of shares reserved for issuance under the Share
Unit Plan shall not exceed 2,500,000 common shares.
Further details regarding the Equity IncenƟve Plans are included in the management informaƟon circular
of the Company filed on SEDAR+ in connecƟon with the Shareholders’ MeeƟng.
The Company further announces it has granted an aggregate of 1,850,000 OpƟons to directors, officers,
employees and consultants of the Company in accordance with the Company's OpƟon Plan. These OpƟons
are exercisable at $0.395per share for a period of five years. The Company also announces that it has
granted an aggregate of 682,000 DSU’s to directors and officers of the Company and 60,000 RSU’s to
eligible persons of the Company. The DSUs and RSUs are governed by the Company's Share Unit Plan and
will be subject to applicable securiƟes law hold periods.
About Spartan Metals Corp.
Spartan Metals is focused on developing cri Ɵcal minerals projects in well-established and stable mining
jurisdicƟons in the Western United States, with an emphasis on building a por ƞolio of diverse strategic
defense minerals such as Tungsten, Rubidium, AnƟmony, Bismuth, and Arsenic.
Spartan’s flagship project is the Eagle Project in eastern Nevada that consists of one of the highest-grade
historic tungsten resources in the USA (the past-producing Tungstonia Mine) along with significant under-
defined resources consisƟng of: rubidium; anƟmony; bismuth; indium; as well as precious and base metals.
More informaƟon about Spartan Metals can be found at www.SpartanMetals.com
On behalf of the Board of Spartan
“BreƩ Marsh”
President, CEO & Director
Further InformaƟon:
BreƩ Marsh, M.Sc., MBA, CPG
President, CEO & Director
TSX-V: W | OTCQB: SPRMF | FSE: J03
1-888-535-0325
2
1-888-535-0325
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