Cygnus Metals Limited issued 202,500 performance rights to employees under its Omnibus Equity Incentive Plan. Shareholders approved the plan and rights for directors earlier this year. The rights vest after one year or upon completing specific performance objectives within three years. Each vested right can be exchanged for one ordinary share in the company and expire in 2030 if not exercised. The goal is to align the interests of employees with the company’s success and shareholder value. Cygnus Metals is a critical minerals exploration company with projects in Quebec and Western Australia, focusing on copper, gold, lithium, and rare earth elements.

Read more at GlobeNewswire: Cygnus Metals Limited: Issue of Performance Rights