Vancouver, Canada, January 23, 2026 TheNewswire – Spartan Metals Corp. (“Spartan” or the “Company”) (TSX-V: W | OTCQB: SPRMF | FSE: J03) announces that its shareholders have approved the Company’s new 10% rolling stock option plan (the “Option Plan”) and stock unit plan (the “Share Unit Plan”) (collectively, the “Equity Incentive Plans”) at the Company’s annual meeting of stockholders held on January 19, 2026 (the “Shareholders’ meeting”).
The Equity Incentive Plans offer the Company the opportunity to issue stock options (“Options“), restricted shares (“RSUs“) and deferred shares (“DSUs“) to directors, officers, employees or advisors of the Company or its subsidiaries. The aggregate number of shares of common stock reserved for issuance under the Option Plan will not exceed 10% of the issued and outstanding common shares of the Company at the time of grant. The number of shares reserved for issuance under the Share Unit Plan will not exceed 2,500,000 common shares.
Further details regarding the Equity Incentive Plans are included in the Company’s management information circular filed on SEDAR+ in connection with the Shareholders’ Meeting.
The Company further announces that it has granted a total of 1,850,000 Options to directors, officers, employees and consultants of the Company in accordance with the Company’s Option Plan. These Options are exercisable at $0.395 per share for a period of five years. The Company also announces that it has granted a total of 682,000 DSUs to directors and officers of the Company and 60,000 RSUs to eligible individuals of the Company. The DSUs and RSUs are subject to the Company’s Share Unit Plan and are subject to applicable securities law holding periods.
About Spartan Metals Corp.
Spartan Metals focuses on developing critical minerals projects in established and stable mining jurisdictions in the Western United States, with an emphasis on building a portfolio of diverse strategic defense minerals such as tungsten, rubidium, antimony, bismuth and arsenic.
Spartan’s flagship project is the Eagle Project in eastern Nevada, which consists of one of the highest-quality historic tungsten resources in the U.S. (the past-producing Tungstonia mine), along with significant, under-defined resources consisting of: rubidium; antimony; bismuth; indium; as well as precious and base metals. More information about Spartan Metals can be found at www.SpartanMetals.com
On behalf of the Spartan board
“Brett Marsh”
Chairman, CEO and director
Further information:
Brett Marsh, M.Sc., MBA, CPG
Chairman, CEO and director
1-888-535-0325
info@spartanmetals.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release
Copyright (c) 2026 TheNewswire – All rights reserved.
#Spartan #Metals #Announces #approval #equity #incentive #plans #granting #securitybased #compensation