PPX Mining Grants Stock Options and Share Units

Toronto-based PPX Mining Corp. has announced the issuance of a series of stock options, deferred share units (DSUs), and restricted share units (RSUs) to executives, directors, consultants, and employees. The total includes 2,048,456 stock options, 213,069 DSUs, and 1,891,000 RSUs. These financial instruments are governed by a three-year vesting schedule, with equal portions vesting annually.

The DSUs will vest after 12 months, contingent on the holder's eligibility under the company's equity incentive plan. Each vested stock option permits the purchase of a common share at $0.29 until March 30, 2036. DSUs and RSUs enable holders to acquire common shares, reduced by applicable taxes. This initiative aligns with PPX's 10% rolling equity incentive plan, recently reaffirmed by shareholders.