Nevada Copper Announces Annual General Shareholder Meeting Results

Rhea-AI Summary

Nevada Copper, a copper producer based in Nevada, announced the results from its 2022 Annual General Meeting, held on June 23, 2022. Shareholders representing approximately 50.39% of common shares voted in favor of all agenda items. Seven directors were elected for the upcoming year, with Tom Albanese receiving 99.47% approval. Additionally, PricewaterhouseCoopers LLP was appointed as the Company’s auditor. Nevada Copper operates the Pumpkin Hollow project, which includes both underground and open pit mining operations.

Positive

• Shareholders approved all agenda items, indicating strong support for management.
• Tom Albanese elected as a director with 99.47% of votes in favor.

Negative

• None.

YERINGTON, Nev., June 23, 2022 (GLOBE NEWSWIRE) -- Nevada Copper (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) (“Nevada Copper” or the “Company”) is pleased to announce the results from its 2022 Annual General Meeting of shareholders (the “Meeting”), held today in Toronto. Shareholders holding a total of 225,979,047 common shares of the Company (“Common Shares”) were represented by proxy at the Meeting, representing approximately 50.39% of the total 448,452,759 Common Shares outstanding as of the record date. Shareholders voted in favour of all items of business before the Meeting.

Voting Details
The following seven persons were elected as directors of the Company until the next annual shareholder meeting of the Company or until their successors are elected or appointed, with the voting results shown below:

Director	Votes For	% For	Votes Withheld	% Withheld
Tom Albanese	210,572,760	99.47%	1,128,966	0.53%
Michael Brown	210,505,815	99.44%	1,195,911	0.56%
Raffaele (Lucio) Genovese	207,071,423	97.81%	4,630,303	2.19%
Stephen Gill	210,424,535	99.40%	1,277,191	0.60%
Evgenij Iorich	207,184,409	97.87%	4,517,317	2.13%
G. Ernest (Ernie) Nutter	207,450,889	97.99%	4,250,837	2.01%
Kate Southwell	210,269,394	99.32%	1,432,332	0.68%

At the Meeting, the shareholders of the Company also (i) fixed the number of directors at seven for the ensuing year, and (ii) voted to appoint PricewaterhouseCoopers LLP as the Company’s auditor and authorized the directors to fix their remuneration.

About Nevada Copper

Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.

Randy Buffington
President & CEO

For additional information, please see the Company’s website at www.nevadacopper.com, or contact:

Tracey Thom | Vice President, IR and Community Relations
tthom@nevadacopper.com
+1 775 391 9029

FAQ

What significant vote happened at Nevada Copper's 2022 Annual General Meeting?

At the 2022 Annual General Meeting, shareholders voted in favor of all agenda items, including the election of seven directors.

Who were elected as directors at Nevada Copper's AGM in 2022?

Seven directors were elected, including Tom Albanese, who received 99.47% approval.

What percentage of shares were represented at Nevada Copper's AGM?

Approximately 50.39% of the total common shares were represented at the Meeting.

Who was appointed as auditor for Nevada Copper during the AGM?

PricewaterhouseCoopers LLP was appointed as the auditor during the AGM.

What is the Pumpkin Hollow project related to Nevada Copper?

The Pumpkin Hollow project is a copper mining project in Nevada, encompassing both underground and open pit operations.