Military Metals Announce AGM Results

Rhea-AI Summary

Military Metals Corp (CSE: MILI) (OTCQB: MILIF) held its annual general meeting on February 20, 2025, where shareholders approved key resolutions. The board of directors was set at four members, with Scott Eldridge (CEO), Michael Carew, Mark Saxon, and Stephen Sulis elected as directors. Shareholders approved Smythe LLP as the company's auditor, the continuation of the rolling stock option plan, and the incentive share unit plan.

The company appointed Latika Prasad, a founder and former director, as Vice-President of Corporate Finance. Additionally, Military Metals extended its agreement with Tafin GmbH for investor relations services focused on the German market. The two-month extension, starting March 1, 2025, comes with a one-time payment of EUR 200,000 (CAD$297,720) for marketing services including social media management, content creation, and press release distribution in Germany.

Positive

• Appointment of experienced founder Latika Prasad as VP of Corporate Finance
• Continued investor relations expansion in German market through Tafin GmbH agreement

Negative

• Significant marketing expense of CAD$297,720 for a short two-month IR contract

Vancouver, British Columbia--(Newsfile Corp. - February 21, 2025) - Military Metals Corp  (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "MILI") is pleased to announce voting results for its annual general meeting of shareholders ("AGM") that was held on Thursday, February 20, 2025.

At the AGM, shareholders set the size of the board of directors at four and the following nominees were elected:

• Scott Eldridge, Chief Executive Officer
• Michael Carew, Independent Director
• Mark Saxon, Independent Director
• Stephen Sulis, Independent Director

Shareholders also approved:

• The appointment of Smythe LLP as the auditor of the Company for the ensuing fiscal year,
• Authorization for the directors to fix the remuneration paid to the auditor,
• A resolution authorizing the continuation of Company's rolling stock option plan and
• A resolution authorizing the continuation of the Company's incentive share unit plan.

Following the AGM, Latika Prasad, a founder and former director and officer of the Company was appointed as Vice-President, Corporate Finance of the Company. The Company is looking forward to working with Ms. Prasad in her new role. The Company wishes to thank Zoran Pudar for his contributions and service during his tenure as a Director.

Investor Relations Engagement Extended

The Company further announces the extension of its agreement related to marketing and investor relations. On January 1, 2025, the Company engaged Tafin GmbH ("Tafin") to provide investor relations services with a focus on the German stock market and the German-speaking investment community in support of the company listing on the Frankfurt Stock Exchange (the "Tafin Agreement"). Pursuant to the terms of the Tafin Agreement, Tafin provides the Company with marketing services, which includes social media management, content creation, distribution, digital marketing, including, but not limited to, the preparation of articles and coverages on multiple financial platforms and newsletters, and translation and distribution of press releases in Germany and any other marketing services as agreed upon by the Company and Tafin (the "Tafin Services"). The Tafin Agreement has been extended by a term of two (2) months commencing on March 1, 2025. The Company will make a one-time payment to Tafin of EUR 200,000 (CAD$297,720), as consideration for the provision of the Tafin Services. Marco Marquardt is and will continue to provide the Tafin Services to the Company on behalf of Tafin and may be contacted at +49 6128 9792946 or team@finanzmedien.gmbh, Rosenweg 28, 65232 Taunusstein, Germany. The Company has not and will not issue any securities to Tafin as compensation. Both Tafin and Marco Marquardt are arm's length to the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right to acquire such an interest.

About Military Metals Corp.

The Company is a British Columbia-based publicly listed company engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.

ON BEHALF OF THE BOARD OF DIRECTORS

For more information, please contact:

Scott Eldridge
CEO and Director
scott@militarymetalscorp.com and info@militarymetalscorp.com
For enquiries, please call 604-537-7556

This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes statements related to the mineral resource estimation work and the provision of promotional services. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include meeting the conditions of the Definitive Agreements, geopolitical developments related to the supply of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the properties that are the subject of this news release, the results of any future exploration activities, which cannot be guaranteed, and such other factors as may impact both and any future activities in respect of the properties.. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241907

FAQ

What were the key appointments at Military Metals (MILIF) AGM 2025?

At the February 20, 2025 AGM, Scott Eldridge (CEO), Michael Carew, Mark Saxon, and Stephen Sulis were elected as directors, and Latika Prasad was appointed as Vice-President of Corporate Finance.

How much is Military Metals (MILIF) spending on German investor relations in 2025?

Military Metals is paying EUR 200,000 (CAD$297,720) to Tafin GmbH for a two-month extension of investor relations services starting March 1, 2025.

What resolutions were approved at Military Metals (MILIF) 2025 AGM?

Shareholders approved the appointment of Smythe LLP as auditor, the continuation of the rolling stock option plan, the incentive share unit plan, and set the board size at four directors.

What services will Tafin provide to Military Metals (MILIF) in 2025?

Tafin will provide social media management, content creation, distribution, digital marketing, article preparation, coverage on financial platforms, and press release translation and distribution in Germany.