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Abound Energy : Announces Cancellation Certain Stock Options
Abound Energy : Announces Cancellation Certain Stock
About this update from Abound Energy Inc
[{"type":"text","content":"Richmond, BC, March 24, 2025 / ABOUND Energy Inc. (\"ABOUND\" or the \"Company\") (CSE: ABND) (OTC PINK: ZAIRF) (FSE: 0E9) announces the cancellation of an aggregate 2,325,000 incentive stock options (the \"Options\") issued pursuant to its incentive stock option plan to certain directors, officers and/or consultants of the Company on January 30, 2024. The Options were granted at an exercise price of $0.33 per common share for a five (5) year term expiring on January 30, 2029.\n About ABOUND Energy Inc.\n ABOUND specializes in developing scalable, environmentally friendly, long-lasting energy technology. Our patented Zaeras™ long-duration energy storage technology, leveraging zinc-air chemistry, guarantees the storage and on-demand delivery of electricity without the limitations or environmental risks associated with current market leaders.\n About ABOUND's Zaeras™ Technology\n Zaeras™ is precision-engineered to meet future energy requirements, with a specific emphasis on simplifying long-duration energy storage. Harnessing the potential of its multi-patented Zaeras™ technology, ABOUND is poised to facilitate the seamless integration of green energy sources into the grid. This is achieved by minimizing curtailment, bridging the gap between supply and demand, and efficiently integrating green energy into the grid. ABOUND's strategic initiatives encompass opportunities for peak demand reduction, leveraging time-of-use arbitrage, participating in value stacking programs, and entering the distributed long-duration energy storage sector. These endeavors are aligned with our central objective of increasing the integration and resiliency of green energy, while stabilizing the grid.\n \n \n Distinguished by its inherent safety-free from fire or explosion hazards-Zaeras™ guarantees sustained capacity over an extensive lifecycle. Simultaneously, it showcases versatility by independently managing charge and discharge operations. Comparable to other Flow Battery technologies, scaling up the energy capacity of Zaeras™ is as simple as increasing the size of the fuel tank; a cost-effective solution, from kWh to MWh. This is a welcome alternative to the fixed power-to-energy ratio constraints ingrained in traditional systems, such as Li-ion and Zinc Hybrid Batteries.\n To learn more about ABOUND's technology, please visit: https://Abound.Energy...