Granada Gold Mine Inc. (TSXV: GGM) (OTC: GBBFF) (Frankfurt: B6D) has announced the granting of 4,545,319 stock options to an officer of the company, exercisable at $0.05 per share over a four-year term. The options are subject to performance-based vesting tied to the company reaching market capitalisation thresholds of C$50 million and C$100 million. The structure links officer compensation directly to shareholder value creation, a detail investors in junior mining companies may view favourably.

Key Points

  • Granada Gold Mine Inc. (TSXV: GGM) (OTC: GBBFF) (Frankfurt: B6D) announced the stock option grant on October 21, 2026
  • 4,545,319 options granted to an officer at an exercise price of $0.05 per share for a four-year term
  • Vesting split: 1,136,330 options vest at C$50 million market cap; 3,408,989 options vest at C$100 million market cap — both thresholds must be sustained for 20 consecutive trading days within three years of the grant date
  • Investors may watch whether Granada's ongoing 120,000-metre drill program at the Rouyn-Noranda property supports the market cap milestones required to trigger vesting

Performance Vesting Structure Ties Officer Options to Market Capitalisation Milestones

The 4,545,319 options are divided into two tranches with distinct vesting conditions. The first tranche of 1,136,330 options vests when the company's market capitalisation reaches or exceeds C$50 million for 20 consecutive trading days. The larger tranche of 3,408,989 options vests upon the company sustaining a C$100 million market capitalisation for the same consecutive-day period. Both thresholds must be achieved within three years of the grant date while the officer remains engaged by the company. Market capitalisation is calculated using total issued and outstanding shares multiplied by the closing price on the TSX Venture Exchange.

Option Terms, Hold Period, and TSX Venture Exchange Compliance

The options are exercisable at $0.05 per share for a term of four years from the grant date. All options are issued in accordance with Granada's Stock Option Plan and TSX Venture Exchange policies. The release states that the options will be subject to a hold period of four months and one day before they can be exercised or transferred. The company did not disclose additional details regarding the officer's identity or role beyond the designation of "Officer of the Company."

Granada Gold Property Exploration Context and Current Drill Program Status

Granada Gold Mine continues to develop its 100%-owned Granada Gold Property near Rouyn-Noranda, Quebec, adjacent to the Cadillac Break. The company holds 14.73 square kilometres of land through a combination of mining leases and claims. A large drill program targeting 120,000 metres is underway, with 18,000 metres completed to date. The release states that drilling is currently paused to allow the technical team to evaluate and assimilate existing data and to await improved market conditions. The property hosts the former Granada Gold underground mine with historically significant grades.