AnorTech Inc. Announces Incentive Stock Option Grant

AnorTech Inc. (TSX Venture Exchange: ANOR; OTCQB: ANORF) today announced the granting of incentive stock options to its board members, employees, and consultants. The options will allow the holders to purchase a total of 5,150,000 shares at a price of $0.10 per share. The terms of the grant are as follows:

  • Vesting period: 18 months
  • Option term: 5 years
  • Exercise price: $0.10 per share

The grant, authorized by the board of directors and presented by President and Director Jim Cambon, is intended to align the interests of key personnel with the long‑term performance of the company.

Strategic Context

AnorTech’s market activity reflects its positioning within the materials sector, specifically the metals and mining industry. As of the close on 19 February 2026, the company’s share price sat at CAD 0.06, a level well below its 52‑week low of CAD 0.02 and within 25 % of its 52‑week high of CAD 0.08. The modest market cap of CAD 10.9 million underscores the company’s small‑cap status but also highlights the potential upside for investors who view the share price as undervalued relative to the company’s fundamentals.

The incentive stock option plan is a classic mechanism for small‑cap companies to retain and motivate talent without diluting capital immediately. By granting options at a price close to the current market level, AnorTech is signaling confidence in a near‑term price appreciation driven by upcoming operational milestones.

Forward‑Looking Outlook

With the new options in place, AnorTech is better positioned to pursue its growth initiatives in the anorthosite supply chain. The company’s focus on delivering high‑quality feedstock to the structural glass fiber sector aligns with broader industry trends toward sustainability and high‑performance materials. As demand for glass fibers continues to rise—propelled by automotive, construction, and aerospace markets—AnorTech’s supply capabilities could become increasingly valuable.

The vesting schedule of 18 months ensures that key stakeholders remain engaged as the company advances through critical development stages, including drilling, crushing, and magnetic separation operations across its global sites in Greenland, Canada, Norway, and Finland. The five‑year term offers sufficient horizon for the realization of operational efficiencies and the scaling of production.

Market Implications

Analysts note that while the share price remains low, the company’s fundamental ratios—particularly a negative price‑earnings ratio of -6.19—indicate that the market has yet to fully recognize the company’s earnings potential. The option grant, therefore, may serve as a catalyst for positive sentiment, potentially driving increased trading activity and narrowing the spread between bid and ask prices.

Given the current price volatility, the company’s management is expected to continue transparent communication regarding key milestones. Investors should monitor the company’s quarterly updates and any regulatory filings that could influence share valuation.

In sum, AnorTech’s recent incentive stock option issuance demonstrates a clear strategy to reinforce stakeholder alignment and to prepare for the next phase of operational expansion. The move signals management’s conviction that AnorTech is on a trajectory toward substantial value creation for shareholders in the years ahead.