Element 29 Announces 2024 AGM Results

Rhea-AI Summary

Element 29 Resources announced the results of its 2024 Annual General Meeting on June 27. Shareholders approved all proposals, including setting the number of directors at five. The elected board members are Patrick Elliott, Chet Idziszek, Brad Mercer, Richard Osmond, and Mary-Carmen Vera. Brad Mercer was appointed the independent Chair of the Board. Davidson & Company LLP was re-appointed as auditors, and the renewal of the company's Stock Option Plan was also approved. Detailed voting results are available on SEDAR+.

Positive

• Shareholders approved all proposals at the 2024 AGM.
• Number of directors set at five, ensuring a clear governance structure.
• Brad Mercer appointed as independent Chair of the Board.
• Davidson & Company LLP re-appointed as auditors, ensuring continuity.
• Renewal of the Stock Option Plan approved, potentially benefiting employees and management.

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") is pleased to announce the results of voting at its annual general meeting of shareholders which was held today (the "Meeting"). All matters submitted to shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, both dated May 27, 2024, were approved by the requisite majority of votes cast at the Meeting.

NUMBER OF DIRECTORS
Shareholders approved setting the number of directors at five (5).

ELECTION OF DIRECTORS

	Votes For		Withheld Votes
Director	#	%	#	%
Patrick Elliott	22,639,808	99.60	90,000	0.40
Chet Idziszek	22,349,808	98.33	380,000	1.67
Brad Mercer	22,689,808	99.82	40,000	0.18
Richard Osmond	22,639,808	99.60	90,000	0.40
Mary-Carmen Vera	22,729,808	100.00	-	-

 

Following the Meeting Brad Mercer was appointed independent Chair of the Board of Directors.

Richard Osmond, President and CEO stated "On behalf of the Company and the board, I would like to thank all the shareholders who voted at the Meeting and for their continued support. We welcome Brad Mercer, Chet Idziszek and Mary-Carmen Vera as Element 29's newest board members and look forward to working alongside this talented and dedicated team. In addition, we would like to thank Robert Willis for his invaluable contributions to the Company."

APPOINTMENT OF AUDITORS

Davidson & Company LLP, Chartered Professional Accountants were re-appointed auditors of the Company for the ensuing year at the remuneration to be fixed by the directors.

STOCK OPTION PLAN

Shareholders approved the renewal of the Company's Stock Option Plan.

Detailed voting results for the Meeting are available on SEDAR+ at www.sedarplus.ca.

About Element 29 Resources Inc.

Element 29 is an emerging copper exploration and development company focused on advancing its portfolio of Peruvian projects towards development in one of the world's more established mining jurisdictions.

The Company's principal objective is to explore and develop its Elida Porphyry Copper Deposit in west-central Perú and its Flor de Cobre Porphyry Copper Project located in the Southern Perú Copper Belt, 26 km southeast from Freeport-McMoRan's Cerro Verde copper mine¹. Both projects are well located for potential mine development and will benefit from nearby infrastructure including roads, powerlines, ports, water, and a skilled workforce.

More information is available at www.e29copper.com.

For more information:
Richard Osmond, CEO and Director
1-888-246-7881
info@e29copper.com

Neither the TSX Venture Exchange (the "TSX-V") nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this press release.

¹This news release contains information about adjacent properties on which Element 29 has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/214789

FAQ

What were the results of Element 29's 2024 AGM?

All proposals were approved, including the election of five directors and the renewal of the Stock Option Plan.

Who was appointed as independent Chair of Element 29's Board in 2024?

Brad Mercer was appointed as the independent Chair of the Board.

Which audit firm was re-appointed for Element 29 in 2024?

Davidson & Company LLP was re-appointed as auditors.

What is the stock symbol for Element 29?

The stock symbol for Element 29 on OTCQB is EMTRF.

Where can I find the detailed voting results for Element 29's 2024 AGM?

Detailed voting results are available on SEDAR+ at www.sedarplus.ca.