Annual and Special Meeting of Shareholders of Almonty Industries Inc. Report of Voting Results

Rhea-AI Summary

Almonty Industries Inc. (OTCQX: ALMTF) held its Annual and Special Meeting of Shareholders on June 10, 2021. Key resolutions included fixing the number of directors at seven, all of whom were elected with over 99% support. The re-appointment of Davidson & Company LLP as auditors was approved, along with the Corporation’s Restricted Stock Unit Plan. The significant shareholder votes highlighted strong support for the Board's leadership and strategic initiatives.

Positive

• All seven nominees for director were elected with over 99% voting support.
• The appointment of auditors and the Restricted Stock Unit Plan were both approved.

Negative

• None.

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) advises that, 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 Corporation’s Annual and Special Meeting of Shareholders held on June 10, 2021:

(a) Number of Directors

The resolution fixing the number of directors of the Corporation at seven (7) was passed.

(b) Election of Directors

By a vote conducted by way of a ballot, the seven (7) 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	49,188,303		99.90%		51,205		0.10%
Daniel D’Amato	49,188,303		99.90%		51,205		0.10%
Thomas Gutschlag	49,188,303		99.90%		51,205		0.10%
Michael Costa	49,074,740		99.67%		164,768		0.33%
Mark Trachuk	49,238,508		100%		-		0.00%
James Kim	49,237,840		100%		-		0.00%
Andrew Frazer(1)	N/A		N/A		N/A		N/A

Note:
(1) Specific voting results for Andrew Frazer are not included as Mr. Frazer was appointed as a director subsequent to the delivery of the form of proxy for the meeting.

(c) Appointment of Auditor

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

(d) Approval of Restricted Stock Unit Plan

The resolution in respect of the Corporation’s Restricted Stock Unit Plan which was more particularly described in the Management information circular, 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/20210614005757/en/

FAQ

What were the results of Almonty Industries' Annual Meeting on June 10, 2021?

Almonty Industries reported that all seven director nominees were elected with over 99% votes in favor.

What resolutions were passed at Almonty Industries' June 10, 2021 meeting?

Resolutions passed included fixing the number of directors at seven, re-appointing auditors, and approving the Restricted Stock Unit Plan.

What is the stock symbol for Almonty Industries?

The stock symbol for Almonty Industries is ALMTF.

Who are the directors elected at Almonty Industries' 2021 meeting?

The directors elected included Lewis Black, Daniel D’Amato, Thomas Gutschlag, Michael Costa, Mark Trachuk, James Kim, and Andrew Frazer.