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PolarX Ltd ( (AU:PXX) ) just unveiled an update.
PolarX Limited has announced the grant of 170 million unlisted incentive options as part of its Long-Term Incentive Plan. These options, which include 135 million for directors and 35 million for key management and consultants, are exercisable at a premium price of 3.1 cents each by October 2029. The decision is pending shareholder approval at the upcoming annual general meeting, reflecting a strategic move to align management interests with long-term company goals and potentially enhance stakeholder value.
More about PolarX Ltd
PolarX Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company is engaged in discovering and developing copper and gold deposits, primarily in North America.
Average Trading Volume: 9,189,423
Technical Sentiment Signal: Buy
Current Market Cap: A$54.29M
Find detailed analytics on PXX stock on TipRanks’ Stock Analysis page.