Euro Manganese Announces Results of Annual General and Special Meeting

Rhea-AI Summary

On February 24, 2023, Euro Manganese announced that shareholders approved all matters at its Annual General & Special Meeting. All six management nominees for director were re-elected, receiving significant support: John Webster (87.64%), Matthew P. James (99.17%), and others above 98%. Key resolutions included setting the number of directors at six, appointing Pricewaterhouse-Coopers LLP as auditors, and re-approving the Stock Option Plan, each with over 98% approval. The meeting highlighted 25.79% of shares voting, underlining shareholder engagement. Euro Manganese focuses on high-purity manganese production for the electric vehicle industry, particularly through the Chvaletice Project in the Czech Republic.

Positive

• All six management nominees were re-elected with substantial support, enhancing governance stability.
• Key resolutions, including the appointment of auditors and stock option plan approval, passed with over 98% approval, indicating strong shareholder confidence.

Negative

• None.

VANCOUVER, British Columbia, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (the "Company" or "EMN") is pleased to announce that shareholders have voted in favour of all matters of business brought before them at the Company's Annual General & Special Meeting of shareholders (the "Meeting") held on February 24, 2023. Detailed results of the voting from the Meeting are set out below.

In respect of election of the Company's directors, all six management nominees standing for re-election were elected as set out below based on a vote conducted by ballot:

Nominee	Total Votes Cast	Votes For	% For	Votes Withheld (Abstained)	% Withheld (Abstained)
John Webster	103,860,075	91,019,097	87.64	12,840,978	12.36
Matthew P. James	103,860,075	102,999,097	99.17	860,978	0.83
David B. Dreisinger	103,860,075	103,010,597	99.18	849,478	0.82
Gregory P. Martyr	103,860,075	102,692,926	98.88	1,167,149	1.12
Thomas M. Stepien	103,860,075	102,996,196	99.17	863,879	0.83
Hanna E. Schweitz	103,860,075	103,013,067	99.18	847,008	0.82

Other matters of business at the Meeting, all of which were also carried out and decided by ballot, were approved as set out below:

	Total Votes	Votes For	% For	Votes Against	% Against	Votes Withheld /Abstained
Resolution 1 – Setting the number of directors of the Company at six	103,870,075	103,080,165	99.24	742,010	0.71	47,900
Resolution 3 – Appointment of Pricewaterhouse-Coopers LLP as Auditors of the Company	105,165,191	105,028,536	99.87	Nil	Nil	136,655
Resolution 4 – Re-approval of the Company's Stock Option Plan (1)	103,870,075	102,361,557	98.55	673,515	0.65	835,003

_{(1)   In accordance with the rules of the ASX, shareholders of the Company also approved the Company's stock option plan by a majority of the votes cast, with the 3,852,899 votes cast by directors of the Company excluded from the vote. Based on this exclusion, the total number of votes cast in respect of this resolution was 100,017,176, of which 98,508,658 votes were cast for the resolution, representing 98.49% of the total votes cast, and 673,515 votes were cast against the resolution, representing 0.67% of the total votes cast.}

In accordance with ASX Listing Rule 3.13.2(e), the following information is being provided for the aggregate number of securities for which valid proxies were received before the Meeting:

Nominee	Total Proxies Received	Proxy directed to vote For	Proxy directed to vote Against	Proxy directed to Abstained	Proxy could vote at their discretion
Resolution 1 – Setting the number of directors of the Company at six	103,870,075	103,080,165	742,010	47,900	Nil
Resolution 2 – Election of directors:
John Webster	103,860,075	91,019,097	N/A	12,840,978	Nil
Matthew P. James	103,860,075	102,999,097	N/A	860,978	Nil
David B. Dreisinger	103,860,075	103,010,597	N/A	849,478	Nil
Gregory P. Martyr	103,860,075	102,692,926	N/A	1,167,149	Nil
Thomas M. Stepien	103,860,075	102,996,196	N/A	863,879	Nil
Hanna E. Schweitz	103,860,075	103,013,067	N/A	847,008	Nil
Resolution 3 – Appointment of Pricewaterhouse-Coopers LLP as Auditors of the Company	105,165,191	105,028,536	N/A	136,655	Nil
Resolution 4 – Re-approval of the Company's Stock Option Plan (1)	100,017,176	98,508,658	673,515	835,003	Nil

_{(1)   Excludes 3,852,899 votes cast by proxy by directors of the Company.}

A total of 103,860,075 common shares were voted in connection with the election of the directors (resolution 2) representing approximately 25.79% of the issued and outstanding common shares of the Company eligible to vote at the Meeting. A total of 103,870,075 common shares were voted in connection with resolutions 1 and 4 above, representing approximately 25.80% of the issued and outstanding common shares of the Company eligible to vote at the Meeting. A total of 105,165,191 common shares were voted in connection with resolution 3 above, representing approximately 26.12% of the issued and outstanding common shares of the Company eligible to vote at the Meeting. The results of all matters considered at the Meeting are reported in the Report of Voting Results as filed by the Company on SEDAR at www.sedar.com.

About Euro Manganese

Euro Manganese is a battery materials company focused on becoming a leading producer of high-purity manganese for the electric vehicle industry. The Company is advancing development of the Chvaletice Manganese Project in the Czech Republic and exploring an early-stage opportunity to produce battery-grade manganese products in Bécancour, Québec.

The Chvaletice Project is a unique waste-to-value recycling and remediation opportunity involving reprocessing old tailings from a decommissioned mine. It is also the only sizable resource of manganese in the European Union, strategically positioning the Company to provide battery supply chains with critical raw materials to support the global shift to a circular, low-carbon economy.

Euro Manganese is dual-listed on the TSXV and the ASX, and is also traded on the OTCQX.

Authorized for release by the CEO of Euro Manganese Inc. 

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

Inquiries
Dr. Matthew James		Fausto Taddei
President & CEO		Vice President, Corporate Development
+44 (0) 747 229 6688		& Corporate Secretary
		+604-681-1010 ext. 105
E-mail: info@mn25.ca
Website: www.mn25.ca
Company Address: #709 -700 West Pender St., Vancouver, British Columbia, Canada, V6C 1G8

FAQ

What were the results of Euro Manganese's annual meeting on February 24, 2023?

All proposed resolutions, including the re-election of directors and the appointment of auditors, were approved by shareholders.

How did shareholders vote on the election of directors at Euro Manganese?

All six directors were re-elected, with vote percentages ranging from 87.64% to 99.18%.

What is the focus of Euro Manganese's business?

Euro Manganese is focused on producing high-purity manganese for the electric vehicle industry, with its main project in the Czech Republic.

What percentage of shares voted at the Euro Manganese annual meeting?

Approximately 25.79% of issued and outstanding common shares voted at the meeting.