Management
Storm Exploration issues 318,629 shares to first nation

STRM · Price
Executive Summary
- Storm Exploration issued 318,629 common shares to the Eabametoong First Nation at a VWAP of $0.235 per share, valued at approximately $75,000, completing the initial and first‑anniversary payments under its exploration agreement.
- The company granted 870,000 stock options to directors, officers and consultants, exercisable at $0.25 per share with an expiration date of February 27 2031.
Key Details
- Share issuance: 318,629 common shares transferred to Eabametoong First Nation.
- Pricing: 30‑day volume‑weighted average price of C$0.235 per share.
- Aggregate value: Approximately C$75,000.
- Agreement context: Completion of the initial and first‑anniversary share payment obligations under the exploration agreement dated May 16 2024 (amended April 29 2025).
- Stock option grant: 870,000 options granted to certain directors, officers and consultants.
- Option terms: Exercise price of C$0.25 per common share; expiration on February 27 2031.
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