Scandium International Mining Announces Voting Results from Annual General Meeting of Shareholders

Rhea-AI Summary

On June 3, 2024, Scandium International Mining held its annual general meeting where all proposed resolutions were passed. The shareholders approved setting the number of directors at four and re-elected all director nominees, including William B. Harris, James R. Rothwell, Peter B. Evensen, and R. Christian Evensen. Shareholders also re-appointed Davidson & Company LLP as the company's auditor and extended the stock option plan entitlements until June 3, 2027. A total of 102,782,595 shares, representing 28.88% of the issued and outstanding shares, were represented at the meeting.

Positive

• All resolutions proposed at the meeting were passed.
• Shareholders approved setting the number of directors at four.
• Re-election of all management’s director nominees was successful.
• Davidson & Company LLP was re-appointed as the company's auditor.
• Stock option plan entitlements extended until June 3, 2027.

Negative

• Only 28.88% of the company's issued and outstanding shares were represented at the meeting.
• Votes against the director nominees ranged between 10.92% and 11.44%.

RENO, Nev., June 05, 2024 (GLOBE NEWSWIRE) -- Scandium International Mining Corp. (TSX: SCY) (the “Company”) is pleased to announce that at its annual general meeting of the shareholders held on June 3, 2024, all resolutions put to the shareholders were passed. At the meeting, shareholders approved setting the number of directors at four and re-electing all of management’s director nominees, as listed in the management proxy circular dated April 18, 2024, to the Board of Directors to serve until the next annual general meeting. In addition, shareholders approved the re-appointment of Davidson & Company LLP as the Company’s auditor and all unallocated entitlements issuable under the Company’s stock option plan until June 3, 2027.

A total of 102,782,595 or 28.88% of the Company’s issued and outstanding shares were represented at the Meeting. The election of directors was approved by a majority vote of shareholders as follows:

Motions	Votes for		Votes withheld
	Number	Percent	Number	Percent
William B. Harris	78,412,308	88.56%	10,124,940	11.44%
James R. Rothwell	78,865,563	89.08%	9,671,685	10.92%
Peter B. Evensen	78,838,563	89.05%	9,698,685	10.95%
R. Christian Evensen	78,492,962	88.66%	10,044,286	11.34%

For further information, please contact:

Harry de Jonge, Controller
Tel: 702-703-0178

Peter Evensen, President and CEO
Tel: 775-355-9500

Email: info@scandiummining.com

FAQ

What was the outcome of Scandium International Mining's annual general meeting on June 3, 2024?

All resolutions were passed, including the re-election of all director nominees and the re-appointment of Davidson & Company LLP as the auditor.

How many directors were approved at Scandium International Mining's AGM 2024?

Shareholders approved setting the number of directors at four.

Who were re-elected as directors at Scandium International Mining's AGM 2024?

William B. Harris, James R. Rothwell, Peter B. Evensen, and R. Christian Evensen were re-elected.

What percentage of shares were represented at Scandium International Mining's 2024 AGM?

A total of 28.88% of issued and outstanding shares were represented.

Until when are the stock option plan entitlements extended for Scandium International Mining?

The stock option plan entitlements are extended until June 3, 2027.