Almonty (the “Company”) Annual and Special Meeting of Shareholders Report of Voting Results

Rhea-AI Summary

Almonty Industries Inc. held its Annual and Special Meeting of Shareholders on June 30, 2022. A total of 97,480,494 common shares were represented, accounting for 45.66% of the issued shares. The meeting resulted in the election of six directors, all receiving over 99% approval. Additionally, the shareholders re-appointed Zeifmans LLP as auditors, approved unallocated options until June 30, 2025, and passed amendments to the Company’s By-Laws as outlined in the Management Information Circular.

Positive

• The election of all six proposed directors was overwhelmingly approved, with votes exceeding 99% for each.
• The re-appointment of Zeifmans LLP as the Company's auditor was confirmed, ensuring trusted financial oversight.
• Approval of unallocated options under the Stock Option Plan until June 30, 2025 supports potential future employee incentives.

Negative

• None.

TORONTO--(BUSINESS WIRE)-- In accordance with Section 11.3 of National Instrument 51-102, Continuous Disclosure Obligations, the following is a report of the matters voted on at the Company’s Annual and Special Meeting of Shareholders held on June 30, 2022:

		Common Shares represented at the Meeting:		97,480,494
		Total issued and outstanding Common Shares as at Record Date:		213,486,376
		Total Shareholders Voted by Proxy:		67
		Percentage of issued and outstanding Common Shares represented:		45.66%

(a) Number of Directors

The resolution fixing the number of directors of the Company at six (6) was passed.

(b) Election of Directors

The six (6) nominees proposed as directors were elected to hold office until the next annual meeting of shareholders or until his successor is duly elected or appointed. The shares were voted as follows:

					Votes For		% For		Votes Withheld		% Withheld
				Lewis Black	94,052,414		99.77%		214,403		0.23%
				Daniel D’Amato	94,198,974		99.93%		67,843		0.07%
				Thomas Gutschlag	94,198,974		99.93%		67,843		0.07%
				Michael Costa	94,082,820		99.80%		183,997		0.20%
				Mark Trachuk	94,198,974		99.93%		67,843		0.07%
				Andrew Frazer	94,020,520		99.74%		246,297		0.26%

(c) Appointment of Auditor

The resolution in respect of the re-appointment of Zeifmans LLP, Chartered Professional Accounts, auditors of the Company, and authorizing the directors to fix their remuneration, was passed.

(d) Approval of Unallocated Options Under the Company’s Stock Option Plan

The resolution in respect of the approval of unallocated options under the Company’s Stock Option Plan until June 30, 2025, as more particularly described in the Management Information Circular filed on SEDAR on June 6, 2022, was passed.

(e) Approval of the Amendments to the Company’s By-Laws

The resolution in respect of the amendments to By-Law No.1 of the Company’s By-Laws, as more particularly described in the Management Information Circular filed on SEDAR on June 6, 2022, was passed.

ALMONTY INDUSTRIES INC.

(signed) “Lewis Black”
Lewis Black
Chairman, President and Chief Executive Officer

View source version on businesswire.com: https://www.businesswire.com/news/home/20220630005892/en/

Lewis Black

Chairman, President and CEO

Telephone: +1 647 438-9766

Email: info@almonty.com

Source: Almonty Industries Inc.

FAQ

What were the key outcomes of Almonty Industries' June 30, 2022 meeting?

The meeting resulted in the election of six directors, re-appointment of Zeifmans LLP as auditors, and approval of unallocated options until June 30, 2025.

How many shares were represented at Almonty Industries' annual meeting?

A total of 97,480,494 common shares were represented, accounting for 45.66% of outstanding shares.

Who is the Chairman and CEO of Almonty Industries?

Lewis Black serves as the Chairman, President, and CEO of Almonty Industries Inc.

What percentage of votes were in favor of the directors elected during the meeting?

All six directors received over 99% approval from the shareholders.