Xcite Uranium announces the adoption of an Omnibus Long-Term Incentive Plan (LTIP), to be presented to shareholders at the annual general and special meeting scheduled for June 24, 2026.
Vancouver, British Columbia, May 22, 2026 – Xcite Uranium Inc. (“XRI”: CSE, or “Xcite”) is pleased to announce that the board of directors of the Company has approved and adopted an Omnibus Long-Term Incentive Plan (the “LTIP”). The aggregate number of common shares of the Company that may be reserved for issuance, at any time, under the LTIP or under any other share compensation arrangement adopted by the Company, may not exceed 15% of the issued and outstanding shares at the time of grant. The LTIP will be presented to the shareholders of the Company at the Company’s annual general and special meeting of shareholders, scheduled for June 24, 2026. Once approved by the shareholders, the LTIP will become effective and will replace the Company’s current stock option plan, and currently issued and outstanding Company stock options will be governed by the LTIP.
About Xcite Uranium Inc.
Xcite Uranium is an early-stage exploration company working to become a leader in the discovery and development of energy transition metals. The uranium project portfolio in the Athabasca basin will propel the company’s efforts to achieve a high-grade discovery based on new geological modelling and exploration thesis in a past-producing uranium camp dormant for 40 years. The Uranium City project portfolio constitutes the Don Lake, Beaver River, Smitty, Lorado, Gulch and Black Bay properties.
On behalf of the Board of Directors of Xcite Uranium Inc.
Jean-Francois Meilleur, CEO
Contact:
Jean-Francois Meilleur
CEO, Director, and Shareholder
Xcite Uranium Inc. (CSE: XRI)
jfmeilleur@paradox-pr.ca
+1 514 951 2730
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Cautionary Note Regarding Forward-Looking Statements: Certain statements contained in this news release constitute “forward-looking information” as such term is defined in applicable Canadian securities legislation. Such statements reflect the Company’s current views and intentions with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause actual results to vary from those described herein. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.