Midland Exploration Expands Stock Option Plan to Bolster Growth

Midland Exploration ( (TSE:MD) ) has shared an announcement.

Midland Exploration Inc. has announced the granting of incentive stock options to its employees, directors, and officers, allowing them to acquire 800,000 common shares at $0.33 per share over a ten-year period. Additionally, the company has amended its stock option plan to increase the number of shares issuable under the plan, pending exchange approval. This move aims to strengthen Midland’s operational framework, enhancing its capacity for strategic partnerships and growth in the mineral exploration sector.

More about Midland Exploration

Midland Exploration Inc. is focused on exploring Quebec’s mineral potential to discover new world-class deposits of gold and critical metals. The company collaborates with prominent partners like BHP Canada Inc., Rio Tinto Exploration Canada Inc., and Barrick Gold Corporation, among others. Midland aims to expand its portfolio through partnerships and new projects to enhance shareholder value.

YTD Price Performance: 4.84%

Average Trading Volume: 52,243

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$30.43M

Learn more about MD stock on TipRanks’ Stock Analysis page.