- District Metals (OTCQB:DMXCF) generates $1.43 million from warrant exercises in June 2025.
- Company amends change of control provisions, offering executives enhanced severance packages.
- Grants of 3.3 million incentive stock options and various equity incentives to directors and officers announced.
District Metals Corp. (OTCQB:DMXCF) has announced a series of corporate updates, focusing on changes to change of control provisions, equity grants, and financial inflow from warrant exercises. As part of its revised executive agreements, the company will now offer its executives two times their annual compensation plus two times the average annual bonus if terminated within 12 months following a change of control. For termination without cause, the executives will receive one times their annual compensation plus the average bonus for the last full year.
The company has granted a total of 3.3 million incentive stock options to its directors, officers, and consultants, with an exercise price of $0.69 per share, which matches the closing price on June 26, 2025. Additionally, 925,000 restricted share units (RSUs) were given to officers and 675,000 deferred share units (DSUs) were awarded to directors, vesting over a period of three years as part of the company's Omnibus Incentive Plan.
Financially, District Metals has benefitted from the exercise of 7,132,500 warrants in June 2025, generating gross proceeds of $1,432,250. This influx supports the company's ongoing exploration and development activities, primarily focused on its Viken and Tomtebo Properties in Sweden, which contain significant mineral resources including uranium, vanadium, and other critical raw materials.
