Zincx Resources approves omnibus equity incentive plan

Zincx Resources Corp. (ZNX) has announced that its board of directors has approved a new omnibus equity incentive plan designed to replace the company’s previous stock option plan, which was last approved by shareholders in November 2007. The adoption of this new framework marks a significant update to the company’s compensation structure, moving away from the older guidelines established nearly two decades ago.

The new plan is structured in accordance with TSX Venture Exchange Policy 4.4, utilizing a "rolling up to 10 per cent and fixed up to 10 per cent" model. Under this structure, the company may issue stock options representing up to a maximum of 10% of the issued and outstanding common shares. Additionally, the plan establishes a fixed maximum aggregate of 18,789,614 common shares issuable pursuant to performance share units (PSUs), deferred share units (DSUs), restricted share units (RSUs), and other share-based awards. These awards are intended for the benefit of the company’s directors, officers, employees, and consultants.

Regulatory approval for the plan is currently conditional, granted by the TSX Venture Exchange, but it remains subject to final ratification by shareholders. Zincx Resources will seek shareholder approval to ratify and confirm the adoption of the new equity incentive plan at the company’s upcoming annual general meeting scheduled for July 14, 2026.