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METALLIS ANNOUNCES ADOPTION OF AMENDED & RESTATED 2024 SECURITY BASED COMPENSATION PLAN
METALLIS ANNOUNCES ADOPTION OF AMENDED & RESTATED 2024 SECURITY BASED COMPENSATION PLAN ...
About this update from Metallis Resources Inc.
[{"type":"text","content":"\n\n\nMETALLIS ANNOUNCES ADOPTION OF AMENDED & RESTATED 2024 SECURITY BASED COMPENSATION PLAN\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n\n\n\n\nMETALLIS ANNOUNCES ADOPTION OF AMENDED & RESTATED 2024 SECURITY BASED COMPENSATION PLAN\nCanada NewsWire\n\n\nVANCOUVER, BC, Dec. 3, 2025 /CNW/ - Metallis Resources Inc. (TSXV: MTS) (OTCQB: MTLFF) (\"Metallis\" or, the \"Company\") announces that, at its annual and special meeting of shareholders held on November 21, 2024, disinterested shareholders approved the Company's Amended and Restated 2024 Security-Based Compensation Plan (the \"2024 Plan\"). The 2024 Plan replaces and supersedes the Company's Amended and Restated 2023 Stock Option Plan (the \"2023 Plan\").\n\n\n\n\n\n\n\nThe 2024 Plan was presented to shareholders for their annual approval at the Company's most recent annual and special meeting held on November 13, 2025, where it received shareholder approval.\nThe 2023 Plan was a 10% rolling stock option plan that reserved for issuance up to 10% of Metallis' issued and outstanding common shares from time to time.\nThe newly adopted 2024 Plan introduces a broader, dual-component structure consisting of the following:\n(a)\n       a rolling stock option component reserving for issuance up to 10% of        the Company's issued and outstanding common shares as at the date        of any stock option grant; and\n(b)\n      a fixed restricted share unit (\"RSU\") component reserving 1,500,000       RSUs in aggregate.\nSummary of Key Features of the 2024 Plan:\nStock Options:\nUnder the option component of the 2024 Plan, directors, officers, employees, consultants and eligible investor-relations personnel may receive stock options, al...