GreenX Metals Grants Unlisted Incentive Options to Directors Benjamin Stoikovich and Mark Pearce After Shareholder Approval

GreenX Metals Awards Long-Term Options to Director Benjamin Stoikovich at A$1.50 Exercise Price

On 14 July 2026, GreenX Metals Limited issued 1,500,000 unlisted incentive options to director Benjamin Stoikovich. These options have an exercise price of A$1.50 each and expire on or before 31 May 2031, providing a roughly five-year term from the expiry date. The options were granted at nil consideration, meaning no payment was made by Stoikovich, and the issuance followed shareholder approval. No securities were sold in connection with this transaction.

Post-issuance, Stoikovich holds four classes of options in GreenX Metals: 1,500,000 options exercisable at A$0.55 until 30 November 2026; 1,200,000 options at A$1.05 until 31 May 2029; 1,200,000 options at A$1.20 until 31 May 2030; and the newly issued 1,500,000 options at A$1.50 until 31 May 2031. His direct holding of fully paid ordinary shares remains at 2,047,995, with additional indirect beneficial interests held through Selwyn Capital Limited. The announcement confirms no trading occurred during a closed period, and no prior written clearance was required.

Director Mark Pearce Adds 600,000 Incentive Options Following Shareholder Approval

Also effective 14 July 2026, director Mark Pearce received 600,000 unlisted incentive options exercisable at A$1.50 each on or before 31 May 2031. These options were granted at nil consideration after shareholder approval. No securities were disposed of, and the transaction did not take place during a closed period requiring prior clearance. Pearce’s interests are held both directly and indirectly via the NMLP Family Trust and Crystal Brook Investments Pty Ltd, both beneficial owners.

Following this grant, Pearce holds three classes of options: 600,000 options at A$1.05 expiring 31 May 2029; 600,000 options at A$1.20 expiring 31 May 2030; and 600,000 newly issued options at A$1.50 expiring 31 May 2031. His fully paid ordinary shares remain steady at 2,943,113. His previous interest disclosure was dated 26 June 2026, indicating this update completes the shareholder-approved incentive grant process.

Shareholder Approval Ensures Transparency in GreenX Metals’ Incentive Option Grants

Both Change of Director's Interest Notices state that the option issuances followed shareholder approval, a requirement under Australian corporate law and ASX Listing Rules for related-party benefits. This process promotes transparency and allows shareholders to evaluate incentive arrangements before implementation. The approval preceding the 14 July 2026 grant date suggests the resolution was passed at or before a GreenX Metals general meeting.

The nil-consideration nature of these grants is typical in ASX-listed companies’ executive incentive schemes. Directors receive options without upfront payment, realizing value only if GreenX Metals’ share price exceeds the exercise price before expiry, aligning director incentives with shareholder interests. The company provided no additional commentary on the strategic rationale for this tranche.

Multi-Tranche Option Ladder Held by Benjamin Stoikovich Spans Four Exercise Prices

Stoikovich’s options form a tiered structure across multiple exercise prices and expiry dates: 1,500,000 options at A$0.55 expiring 30 November 2026; 1,200,000 at A$1.05 expiring 31 May 2029; 1,200,000 at A$1.20 expiring 31 May 2030; and 1,500,000 at A$1.50 expiring 31 May 2031.

This progressive ladder from A$0.55 to A$1.50 reflects GreenX Metals’ aspirations for medium- to long-term share price growth. The longest-dated tranche provides a five-year horizon from mid-2026. Stoikovich’s total option exposure now stands at 5,400,000 options, alongside his 2,047,995 shares, representing significant economic interest. The company did not disclose total combined equity value.

Mark Pearce’s Option Holdings Updated Shortly After Prior Disclosure

Pearce’s Change of Director's Interest Notice references his prior disclosure dated 26 June 2026, just over two weeks before the 14 July 2026 update. This timing suggests swift completion of the shareholder-approved incentive grant. Before this grant, Pearce held 600,000 options at A$1.05 expiring 31 May 2029 and 600,000 at A$1.20 expiring 31 May 2030, with no prior A$1.50 options.

After the grant, Pearce holds 1,800,000 options across three tranches plus 2,943,113 fully paid shares. His indirect interests through the NMLP Family Trust and Crystal Brook Investments Pty Ltd are beneficial only. The notices confirm no contract interests were acquired or disposed of, and no further details on these entities were provided.

Option Expiry Dates Highlight Potential Future Share Registry Activity

The disclosed option structure creates multiple future conversion dates, subject to exercise prices being met and directors choosing to exercise. The earliest expiry is 30 November 2026 for Stoikovich’s 1,500,000 options at A$0.55, representing the nearest potential dilution event. Investors should monitor share price performance relative to these exercise prices as expiry dates approach.

Later expiries on 31 May 2029, 31 May 2030, and 31 May 2031 represent longer-term considerations. The total newly issued options in this update amount to 2,100,000 (Stoikovich’s 1,500,000 and Pearce’s 600,000), all exercisable at A$1.50 and expiring 31 May 2031. The combined option holdings of both directors are substantial, though the company did not disclose these as a share proportion. Shareholders should consult GreenX Metals’ latest capital structure disclosures for full dilution potential.

Nil-Consideration Option Grants Impact on GreenX Metals’ Cost Base and Remuneration Reporting

Since both option grants were at nil consideration, GreenX Metals’ cash position remains unaffected at issuance. However, Australian Accounting Standards require recognition of a non-cash share-based payment expense over the vesting period, based on the options’ fair value at grant date, typically calculated using models like Black-Scholes.

The company did not disclose fair value or expected share-based payment expense in this update. Investors can find remuneration impacts in the company’s annual report, particularly the Remuneration Report within the Directors’ Report. Nil-consideration grants are common in the ASX exploration and resources sector, where equity incentives help conserve cash.

About GreenX Metals and Director Interest Disclosure Requirements

GreenX Metals Limited (ABN 23 008 677 852) is an ASX-listed entity required under ASX Listing Rule 3.19A.2 and section 205G of the Corporations Act 2001 to promptly disclose director interest changes via Appendix 3Y forms. These filings are publicly available and part of continuous disclosure obligations. The two notices lodged on 14 July 2026 comply with these requirements and reflect standard filings following shareholder-approved incentive grants.

This update does not include information on GreenX Metals’ exploration, development, financial performance, or operations. Investors seeking broader strategic or financial insights should review the company’s latest quarterly activities report, annual report, or other substantive ASX announcements. No immediate share price impact from these administrative disclosures was evident, as they do not contain new material business information.

Regulatory Compliance and Closed Period Confirmation in Director Notices

Both Change of Director's Interest Notices confirm no securities were traded during a closed period requiring prior written clearance, ensuring compliance with ASX trading restrictions for directors during sensitive times. This confirms the option grants did not breach trading rules.

Part 2 of each notice, relating to contract interest changes, is marked not applicable, indicating no acquisition or disposal of contract interests by either director. The straightforward nature of these incentive option issues reflects timely and complete regulatory disclosure by GreenX Metals for both directors involved.