Critical Elements Announces The Results From the Annual Meeting of Shareholders

Rhea-AI Summary

Critical Elements Lithium (TSX.V:CRE) (US OTCQX:CRECF) announced the results of its Annual Meeting of Shareholders held on June 17, 2024. Shareholders approved all resolutions, including the election of nine directors and the appointment of KPMG LLP as auditors. The adoption of the 's equity incentive compensation plan was also sanctioned. A total of 56,999,688 common shares, representing 26.17% of the outstanding common shares, were represented at the Meeting. The voting results showed strong support for the elected directors, with the lowest approval rating being 92.39% for Eric Zaunscherb.

Positive

• Election of nine directors with high approval ratings, demonstrating strong shareholder support.
• Appointment of KPMG LLP as auditors, ensuring reputable and credible financial oversight.
• Approval of the Omnibus Plan, potentially motivating employees and aligning their interests with shareholders.
• High shareholder turnout with 26.17% of outstanding common shares represented.

Negative

• Eric Zaunscherb received the lowest approval rating at 92.39%, which might indicate some shareholder dissatisfaction.
• Only 26.17% of outstanding common shares were represented, suggesting shareholder engagement.

MONTRÉAL, QC / ACCESSWIRE / June 17, 2024 / Critical Elements Lithium Corporation (the "Corporation" or "Critical Elements") (TSX.V:CRE)(US OTCQX:CRECF)(FSE:F12) is pleased to announce that at its Annual shareholders meeting (the "Meeting") held on June 17, 2024, shareholders of the Corporation approved all the resolutions, as follows:

• Election of Jean-Sébastien Lavallée, Steffen Haber, Eric Zaunscherb, Marc Simpson, Matthew Lauriston Starnes, Marcus Brune, Ani Markova, Maysa Habelrih and Vanessa Laplante as directors;
• Appointment of KPMG LLP as auditors;
• Adoption of the Corporation's equity incentive compensation plan (the "Omnibus Plan").

The total number of common shares represented by shareholders in person and by proxy at the Meeting was 56,999,688, representing 26,17% of the Corporation's outstanding common shares.

Detailed results of the vote on the election of directors of Meeting are given below:

	Votes for	% for	Votes against	% against
Jean-Sébastien Lavallée	53,309,611	99.25%	403,370	0.75%
Steffen Haber	53,309,908	99.25%	403,073	0.75%
Eric Zaunscherb	49,626,023	92.39%	4,086,958	7.61%
Marc Simpson	53,298,308	99.23%	414,673	0.77%
Matthew Lauriston Starnes	53,212,948	99.07%	500,033	0.93%
Marcus Brune	53,309,298	99.25%	403,683	0.75%
Ani Markova	53,238,491	99.12%	474,490	0.88%
Maysa Habelrih	53,290,235	99.21%	422,746	0.79%
Vanessa Laplante	53,241,857	99.12%	471,123	0.88%

About Critical Elements Lithium Corporation

Critical Elements aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage system industries. To this end, Critical Elements is advancing the wholly owned, high-purity Rose Lithium-Tantalum project in Québec, the Corporation's first lithium project to be advanced within a land portfolio of over 1,050 km². On August 29, 2023, the Corporation announced results of a new Feasibility Study on Rose for the production of spodumene concentrate. The after-tax internal rate of return for the Project is estimated at 65.7%, with an estimated after-tax net present value of US$2.2B at an 8% discount rate. In the Corporation's view, Québec is strategically well-positioned for US and EU markets and boasts good infrastructure including a low-cost, low-carbon power grid featuring 94% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government, received the Certificate of Authorization pursuant to section 164 of Québec's Environment Quality Act from the Québec Minister of the Environment, the Fight against Climate Change, Wildlife and Parks, and the project mining lease from the Québec Minister of Natural Resources and Forests under the Québec Mining Act.

For further information, please contact:

Jean-Sébastien Lavallée, P. Géo.
Chief Executive Officer
819-354-5146
jslavallee@cecorp.ca
www.cecorp.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is described in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Critical Elements Lithium Corporation

View the original press release on accesswire.com

FAQ

What were the results of Critical Elements' (CRECF) Annual Meeting of Shareholders on June 17, 2024?

All resolutions were approved, including the election of nine directors and the appointment of KPMG LLP as auditors.

How many shares were represented at Critical Elements' (CRECF) Annual Meeting in June 2024?

A total of 56,999,688 common shares were represented, accounting for 26.17% of the outstanding shares.

Which directors were elected at Critical Elements' (CRECF) Annual Meeting of Shareholders?

Jean-Sébastien Lavallée, Steffen Haber, Eric Zaunscherb, Marc Simpson, Matthew Lauriston Starnes, Marcus Brune, Ani Markova, Maysa Habelrih, and Vanessa Laplante were elected as directors.

What is Critical Elements' (CRECF) Omnibus Plan?

The Omnibus Plan is the 's equity incentive compensation plan, aimed at motivating employees and aligning their interests with shareholders.

Who was appointed as the auditor for Critical Elements (CRECF) in 2024?

KPMG LLP was appointed as the auditor for the