11/06/2026 | Press release | Distributed by Public on 11/06/2026 12:20
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Options(1)(2)(3) | $0.02 | 11/04/2026 | 10/28/2026 | A | 5,000,000 | 10/28/2026 | 10/28/2036 | Common Stock | 5,000,000 | $0.02 | 5,000,000 | D | |||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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O'HEERON PETE 17006 EVERGREEN ELM WAY HOUSTON, TX 77059 |
X | X | COB, Secretary, Treasurer | |
| /s/ Pete O'Heeron | 11/06/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | October 28, 2026, the reporting person was granted 5,000,000 non-qualified stock option units (right to buy), price is set at $.02 per share as approved by our board of directors. |
| (2) | 1,500,000 options vest one third at issuance, one third at first year anniversary and one third at second year anniversary. 3,500,000 options vest in milestone tranches, for example: (a) definitive earn-in, joint venture, or sale agreement on Hay Mountain or the Red Rock Canyon claims; (b) non-dilutive or equity financing of at least $1.5M closed at or above market; (c) 2026 field-work-based resource target publication or drill program funded; (d) uplisting or sustained $0.05 price. |
| (3) | Options (right to buy) must be exercised within ten years after which they expire. |