Pecoy Awards Options
Pecoy Copper Grants 1.97 Million Incentive Options to Executives and Directors
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Pecoy Copper Corp. (TSXV: PCU; OTCQB: PCUUF) has granted 1,971,600 stock options to its executives and directors, priced at $1.78 CAD per share — the closing price on the TSX Venture Exchange on June 25, 2026. The grants cover compensation for the fiscal year ending April 30, 2027, according to GlobeNewswire.
The Vancouver-based copper explorer also issued 230,400 Restricted Share Units (RSUs) and 50,000 Deferred Share Units (DSUs) as part of the same package. RSUs and DSUs are equity awards that vest over time, tying executive pay to the company's long-term stock performance.
1.97 Million Options Granted at $1.78 Exercise Price
The Board approved the full compensation package under Pecoy's Omnibus Equity Incentive Plan — a rolling 10% stock-based compensation structure standard in Canadian junior mining. Executive options vest in three equal portions on the first, second, and third anniversaries of the grant, according to MarketScreener.
For the options to pay off, the stock must trade above $1.78 CAD. That sets a clear performance target for management heading into an active 40,000-meter drilling season in Peru. The company's market cap stood at roughly $362 million CAD as of late June, per ADVFN.
Peru's Massive Copper Project Drives the Growth Story
Pecoy's flagship asset sits in the Arequipa region of southern Peru. It holds an inferred mineral resource of 865 million tonnes at 0.34% copper — roughly 6.5 billion pounds of copper in the ground, per Yahoo Finance. "Inferred" means the estimate still needs more drilling to confirm its full size and grade.
A Phase 1 metallurgical review in May 2026 found gold recovery rates as high as 73%, which could sharply improve project economics. CEO Vincent Metcalfe called the work "an important evolution in how we evaluate Pecoy," according to GlobeNewswire.
New Board Member Strengthens Peru Community Ties
In May 2026, Pecoy added Javier del Rio — a Senior VP at Hudbay Minerals — to its Board of Directors. He received an initial grant of 40,000 options at $1.66 upon joining. Del Rio said he looks forward to helping "create long-term value for shareholders," per GlobeNewswire.
Del Rio is a Peruvian national with deep local mining experience. His appointment is seen as a move to strengthen government and community relations in Arequipa — a critical step for any large-scale copper project in the region.
Bull and Bear Cases Split on Junior Miner Valuation
Copper bulls point to surging demand from AI data centers and electric vehicles. Some analysts see Pecoy as a future takeover target for majors like Rio Tinto or BHP. Insider ownership sits at 17.2%, showing management has real money on the line, according to MarketScreener.
Skeptics warn the stock may have run too far, too fast — shares surged roughly 100% over the past year before settling near $1.78. Financial Post notes analysts from InvestingPro flagged the stock as potentially overvalued relative to fair value. The resource is still "inferred," meaning expensive drilling must continue before any development decision.
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