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Arras Minerals Announces Grant of Restricted Share Units
VANCOUVER, British Columbia, March 15, 2024 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX-V: ARK) (“Arras” or the “Company”) is pleased to announce that in acco
About this update from Arras Minerals Corp
[{"type":"text","content":" VANCOUVER, British Columbia, March 15, 2024 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX-V: ARK) (“Arras” or the “Company”) is pleased to announce that in accordance with the Company’s Equity Incentive Plan, it has granted an aggregate of 1,495,484 restricted share units (\"RSUs\") to certain officers as 2023 annual performance awards. The RSUs vest one year from the grant date (February 27, 2024) . Additionally, an aggregate of 414,984 RSUs that were granted in February 2023 as 2022 annual performance awards were settled as common shares of the Company effective March 14, 2024. On behalf of the Board of Directors \"Tim Barry\" Tim Barry, MAusIMM CP(Geo)Chief Executive Officer and Director INVESTOR RELATIONS: +1 604 687 5800 [email protected] Further information can be found on: the Company’s website https://www.arrasminerals.com or follow us on LinkedIn: https://www.linkedin.com/company/arrasminerals or follow us on X (formerly Twitter): https://twitter.com/arrasminerals About Arras Minerals Corp. Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue). In December 2023, the Company entered into a strategic alliance with Teck Resources (\"Teck\") in which Teck is sole funding a US$5 million generative exploration program over a portion of the Arras license package in 2024-2025, focusing on critical minerals. The Company’s shares are listed on the TSX Venture Exchange under the trading symbol “ARK”. Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras’ future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding plans and expectations of the exploration program Arras is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for t...