- Cynthia Le Sueur-Aquin, president, director and chief executive officer of junior gold stock Laurion Mineral Exploration (TSXV:LME), will exercise 750,000 stock options for C$142,500
- Le Sueur-Aquin is the junior gold stock’s largest shareholder at 6.17 per cent of outstanding shares, amounting to about a C$7.4 million stake
- Laurion is a mineral exploration and development company advancing its 100-per-cent-owned 57.43-square-kilometre Ishkõday gold project in Ontario
- Laurion Mineral Exploration has added 29.29 per cent year-over-year and 311.36 per cent since 2019
Cynthia Le Sueur-Aquin, president, director and chief executive officer of junior gold stock Laurion Mineral Exploration (TSXV:LME), will exercise 750,000 stock options for C$142,500, “further solidifying her commitment to the corporation’s vision and potential long-term growth,” according to Friday’s news release.
The transaction includes 500,000 options exercisable at C$0.17 per share, expiring on June 2, 2025, and 250,000 options exercisable at C$0.23 per share, expiring on Dec. 14, 2025 (held indirectly through Le Sueur-Aquin’s company, AquinTerra).
Le Sueur-Aquin is Laurion Mineral Exploration’s largest shareholder at 6.17 per cent of outstanding shares, amounting to about a C$7.4 million stake, according to figures from Simply Wall Street.
The chief executive’s conviction is backed by successful exploration campaigns in 2021, 2022 and 2023, and recent results from 2024 drilling, including three new gold zones up to 7.65 metres in length and 4.23 grams per tonne of gold, all of which suggest that Laurion is on the right track towards an initial resource estimate.
Investors who have supported the junior gold miner’s development have been rewarded with a 29.29 per cent return year-over-year and a 311.36 per cent return since 2019, trouncing the BMO Junior Gold Index ETF’s -3.92 per cent and 71.45 per cent efforts, respectively.
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“This decision reflects my unwavering confidence in Laurion’s strategic direction, excellent exploration prospects on the Ishkõday project, and strong commitment to delivering shareholder value,” Le Sueur-Aquin said in a statement. “As the chief executive officer, president and largest shareholder of Laurion, I am fully dedicated to aligning my interests with those of our shareholders. And this action underscores that commitment.”
“I have full confidence in our talented technical and financial teams to execute our strategic initiatives efficiently, ensuring sustainable growth and financial prosperity for our shareholders,” she added.
About Laurion Mineral Exploration
Laurion is a mineral exploration and development company advancing its 100-per-cent-owned 57.43-square-km Ishkõday gold project in Ontario. The gold stock boasts approximately 72 per cent insider ownership.
Laurion Mineral Exploration (TSXV:LME) is up by 0.56 per cent, trading at C$0.45 per share as of 9:58 am ET.
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