04:47 PM EDT, 04/01/2024 (MT Newswires) -- Fox River Resources Corporation ( FXRVF ) announced Monday that it has granted a total of 520,000 stock options to employees and consultants of the company in accordance with the company's Stock Option Plan.

Each option is exercisable into one common share of the company at an exercise price of $0.25 for a five-year term expiring on March 28, 2029. 430,000 options vest immediately, and 30,000 options will vest on each of June 28, 2024, Sept.28, 2024, and Dec. 28, 2024.

Following this grant, the company has a total of 4.92 million stock options outstanding.

Fox River owns a 100% interest in the Martison Phosphate Project, located near Hearst, Ont.