Mr. Philippe MacKay reports
FOKUS MINING GRANT OPTIONS
Fokus Mining Corp.'s board of directors has granted stock options in respect of an aggregate of 3.1 million common shares to Fokus's directors, officers and one consultant. The exercise price of the options is 17.5 cents per share, which is higher of the closing price of Fokus's common shares on the TSX Venture Exchange on Friday, Sept. 5, 2025. The options vest immediately and will expire in five years, for the options granted to directors and officers, and will expire in two years for the options granted to the consultant. The options were granted under Fokus's stock option plan.
About Fokus
Mining Corp.
Fokus Mining is a mineral resource company focused on acquiring and exploring precious metal deposits in Quebec, Canada, particularly in the Abitibi region, 20 kilometres west of Rouyn-Noranda, with its flagship Galloway project. The 100-per-cent-owned Galloway project covers an area of 3,086 hectares and is located just north of the Cadillac-Larder Lake fault. The Galloway project hosts a National Instrument 43-101 inferred mineral resource of 1.42 million ounces of gold (41,195,000 tonnes grading 1.07 grams per tonne (g/t) gold (Au)) at a gold price of $1,750 (U.S.) per ounce, as disclosed in the company's March 23, 2023, news release. A sensitivity analysis shows that, at a gold price of $1,960 (U.S.) per ounce, the inferred resource increases to 1.79 million ounces of gold (57,546,000 tonnes grading 0.97 g/t Au). Following the 2025 acquisition of properties from Visible Gold Mines, Fokus's land package now totals 9,559 hectares along the Cadillac-Larder Lake fault. This includes the Cadillac Break, Lucky Break, Wasa Creek, Wasa East, Silidor and Stadacona-East properties, all of which are 100 per cent owned, as well as a 40-per-cent interest in the Capricorn property.
© 2025 Canjex Publishing Ltd. All rights reserved.