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

Rhea-AI Summary

Almonty Industries held its Annual General and Special Meeting of Shareholders on June 28, 2024. A total of 121,514,694 shares were represented, accounting for 48.11% of all issued and outstanding shares. Key resolutions passed include the fixing of the number of directors at six, the election of six directors, the reappointment of Zeifmans LLP as auditors, and the approval of amendments to insider warrants and other warrants. Additionally, the approval of unallocated entitlements under the Company's 2020 Restricted Share Unit Plan was passed. High approval rates were recorded for all directors, with votes for each exceeding 99%.

Positive

• Highly successful election with over 99% approval for all directors.
• Reappointment of auditors Zeifmans LLP confirmed.
• Approval of amendments to insider and other warrants.

Negative

• Only 48.11% of shares were represented at the meeting, less than a majority.

TORONTO--(BUSINESS WIRE)-- Almonty Industries Inc. (TSX:AII) (ASX:AII) (OTCQX:ALMTF) (FWB:ALI):

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 General and Special Meeting of Shareholders held on June 28, 2024:

Common Shares represented at the Meeting:		121,514,694
Total issued and outstanding Common Shares as at Record Date:		252,589,498
Total Shareholders Voted by Proxy:		76
Percentage of issued and outstanding Common Shares represented:		48.11%

(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		121,319,043		99.84%		195,651		0.16%
Daniel D’Amato		121,423,603		99.93%		91,091		0.07%
Thomas Gutschlag		121,502,865		99.99%		11,829		0.01%
Mark Trachuk		121,339,505		99.86%		175,189		0.14%
Andrew Frazer		121,212,362		99.75%		302,332		0.25%
David Hanick		121,295,124		99.89%		128,409		0.11%

(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 Amendment of 700,000 Insider Warrants

The resolution in respect of the approval of the Amendment of 700,000 Insider Warrants, as more particularly described in the Management Information Circular filed on SEDAR on May 23, 2024, was passed as a disinterested resolution. As such, 26,952,170 votes were not included in the votes.

(e) Approval of Amendment of 714,285 Warrants

The resolution in respect of the approval of the Amendment of 714,285 Warrants, as more particularly described in the Management Information Circular filed on SEDAR on May 23, 2024, was passed as a disinterested resolution. As such, 3,418,345 votes were not included in the votes.

(f) Special Business - Approval of Unallocated Entitlements under The Company’s 2020 Restricted Share Unit Plan

The resolution in respect of the approval of unallocated entitlements under the Company’s 2020 Restricted Share Unit Plan, as more particularly described in the Management Information Circular filed on SEDAR on May 23, 2024, was passed as a ordinary resolution.

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/20240628294081/en/

Lewis Black

Chairman, President and CEO

+1 647 438-9766

info@almonty.com

Source: Almonty Industries Inc.

FAQ

What were the voting results for the 2024 Almonty Annual General Meeting?

The 2024 Almonty Annual General Meeting saw 48.11% of shares represented. All proposed resolutions were passed, including the election of six directors and the reappointment of Zeifmans LLP as auditors.

How many shares were represented at Almonty's 2024 shareholder meeting?

A total of 121,514,694 shares were represented, making up 48.11% of all issued and outstanding shares.

What resolutions were passed at Almonty's 2024 shareholder meeting?

Resolutions included the election of six directors, reappointment of auditors, approval of insider warrant amendments, and approval of unallocated entitlements under the 2020 Restricted Share Unit Plan.

What is the significance of the 2024 Almonty shareholder meeting for ALMTF stockholders?

For ALMTF stockholders, the meeting's high approval rates for directors and reappointment of auditors signify strong governance, though only 48.11% of shares were represented, indicating lower shareholder engagement.