Omai Gold Grants 10.72M Share Options at $1.44, Secures C$65.3M
Omai Gold granted options on 10.72 million shares at $1.44 per share, vesting over two years and expiring January 2031, representing potential dilution. The company raised C$65.3 million via private placements and ended 2025 with C$57 million cash to fund drilling and an updated MRE of 2.1 Moz Indicated and 4.4 Moz Inferred gold.
1. Incentive Stock Option Grant Details
Omai Gold Mines Corp. has granted incentive stock options to its Officers, Directors, employees and consultants to purchase up to 10,720,000 common shares under its stock option plan. The options carry a five-year term, expiring January 8, 2031, and may be exercised at C$1.44 per share. Vesting is staged: one-third of the options vested upon grant (January 9, 2026), one-third will vest on January 9, 2027, and the final one-third on January 9, 2028. This allocation represents approximately 5.7% of the company’s issued share capital on grant date and is intended to align management and staff interests with long-term value creation at the Omai Gold Project.
2. 2025 Mineral Resource Expansion Achievements
In August 2025, Omai Gold reported a 96% increase to the Wenot Deposit indicated Mineral Resource Estimate (MRE), bringing it to 970,000 ounces of gold at an average grade of 1.46 g/t within 20.7 million tonnes, and 3,717,000 ounces inferred at 1.82 g/t in 63.4 million tonnes. The combined Wenot and Gilt Creek deposits now host 2.12 million ounces indicated at 2.07 g/t in 31.9 million tonnes and 4.38 million ounces inferred at 1.95 g/t in 69.9 million tonnes. These figures incorporate approximately 39,000 metres of 2025 diamond drilling, including a 2,014-metre hole that intersected 699 metres of continuous gold mineralization at Gilt Creek before confirming the down-dip extension of the Wenot shear corridor to a vertical depth of 700 metres.
3. 2026 Preliminary Economic Assessment and Drilling Outlook
Omai Gold plans to deliver an updated MRE in Q1 2026 followed by a Preliminary Economic Assessment (PEA) in early Q2 2026, integrating the expanded Wenot open pit and the adjacent Gilt Creek underground deposit. Three drills will continue to operate, focusing on infill drilling to upgrade inferred resources to indicated status, testing strike and depth extensions at Wenot, and exploring near-surface satellite targets. Concurrently, the Company will advance its Environmental Impact Assessment process—terms and scope expected shortly—and prepare for subsequent Prefeasibility or Feasibility studies to de-risk the project and support long-term mine planning.