Business
ValOre Metals Grants Stock Options
VANCOUVER, British Columbia, Dec. 09, 2021 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre” or the “Company”) (TSX-V:VO, OTC:KVLQF, Frankfurt: KEQ) today annou
About this update from Valore Metals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 09, 2021 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre” or the “Company”) (TSX-V:VO, OTC:KVLQF, Frankfurt: KEQ) today announced the granting of 6,660,000 incentive stock options (the \"Options\") to certain Directors, Officers, Employees and Consultants of the Company. The Options are exercisable at $0.45 per share for a period of three years from the date of grant with ¼ vesting upon grant and ¼ vesting every 3 months thereafter. The Options were granted pursuant to the Company's shareholder-approved stock option plan and are subject to the policies of the TSX Venture Exchange and any applicable regulatory hold periods. About ValOre Metals Corp. ValOre Metals Corp. (TSX‐V: VO) is a Canadian company with a portfolio of high‐quality exploration projects. ValOre's team aims to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration, process improvement, and innovation. In May 2019, ValOre announced the acquisition of the Pedra Branca Platinum Group Elements (PGE) property, in Brazil, to bolster its existing Angilak uranium, Genesis/Hatchet uranium and Baffin gold projects in Canada. The Pedra Branca PGE Project comprises 51 exploration licenses covering a total area of 55,984 hectares (138,339 acres) in northeastern Brazil. At Pedra Branca, 5 distinct PGE+Au deposit areas host, in aggregate, a current Inferred Resource of 1,067,000 ounces 2PGE+Au contained in 27.2 million tonnes grading 1.22 g/t 2PGE+Au (See ValOre's July 23, 2019 news release). All the currently known Pedra Branca inferred PGE resources are potentially open pittable. Comprehensive exploration programs have demonstrated the \"District Scale\" potential of ValOre's Angilak Property in Nunavut Territory, Canada that hosts the Lac 50 Trend having a current Inferred Resource of 2,831,000 tonnes grading 0.69% U3O8, totaling 43.3 million pounds U3O8. *For disclosure related to the inferred resource for the Lac 50 Trend uranium deposits, please see ValOre's news release dated March 1, 2013. ValOre's team has forged strong relationships with sophisticated resource sector investors and partner Nunavut Tunngavik Inc. (NTI) on both the Angilak and Baffin Gold Proper...