heat recovery

Thermal Energy International Inc. (TSXV: TMG/OTCQB: TMGEF) announced on Nov 30 2025 that it granted 3,334,000 stock options to its officers and directors. The options have a five‑year term with an exercise price of $0.125 per share, pending regulatory approval. 1,334,000 will vest in three equal annual installments; the remaining 2,000,000 will vest in four equal annual installments. The grant aligns management with shareholders but could cause dilution if exercised.