SilverCrest Reports Results of 2022 AGM

Rhea-AI Summary

SilverCrest Metals announced the results of its Annual General Meeting (AGM) held on June 15, 2022, in Vancouver, BC. A total of 85,223,625 votes represented 58.42% of issued shares. Shareholders approved six directors with voting percentages ranging from 97.27% to 99.68%. PricewaterhouseCoopers LLP was reappointed as the auditor, and a new 'rolling 5.5%' Stock Option Plan was adopted. The company focuses on precious metal exploration and development, particularly in Mexico's Las Chispas mining district, which is key for its future production goals.

Positive

• 85,223,625 votes represented at the AGM, indicating strong shareholder engagement.
• All six directors elected with over 97% approval, reflecting confidence in management.
• Re-appointment of PricewaterhouseCoopers LLP enhances credibility.
• Adoption of a new rolling 5.5% Stock Option Plan may incentivize performance.

Negative

• None.

TSX: SIL | NYSE American: SILV                                                                                                     

VANCOUVER, BC, June 16, 2022 /PRNewswire/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce the results of its Annual General Meeting of Shareholders ("AGM") held in Vancouver, BC, on June 15, 2022.

A total of 85,223,625 votes were represented at the AGM amounting to 58.42% of the issued common shares as of the record date.

Shareholders approved the fixing of the number of directors at six. The following is the tabulation of proxy votes in the election of the six directors:

Directors	Votes in Favour	% in Favor
N. Eric Fier	62,324,864	99.68 %
Laura Diaz	62,257,809	99.58 %
Ani Markova	60,817,230	97.27 %
Hannes P. Portmann	61,770,402	98.80 %
Graham C. Thody	61,577,501	98.49 %
John H. Wright	61,632,943	98.58 %

The shareholders also approved the re-appointment of PricewaterhouseCoopers LLP, Chartered Professional Accountants, as auditor of SilverCrest.

In addition, the shareholders approved the adoption of a new "rolling 5.5%" Stock Option Plan for the Company.

ABOUT SILVERCREST METALS INC.

SilverCrest is a Canadian precious metals exploration and development company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and near-term production in Mexico's historic precious metal districts. The Company's top priority is on the high-grade, historic Las Chispas mining district in Sonora, Mexico, where it has completed construction of its Las Chispas Project and is proceeding with commissioning. SilverCrest is the first company to successfully drill-test the historic Las Chispas Property resulting in numerous high-grade precious metal discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

N. Eric Fier, CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc.

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SOURCE SilverCrest Metals Inc.

FAQ

What were the results of SilverCrest's AGM on June 15, 2022?

At the AGM, SilverCrest shareholders approved the election of six directors and the re-appointment of PricewaterhouseCoopers LLP as auditor.

What percentage of votes were represented at SilverCrest's AGM?

A total of 85,223,625 votes were represented at the AGM, amounting to 58.42% of the issued common shares.

Who were the elected directors at SilverCrest's AGM?

The elected directors included N. Eric Fier, Laura Diaz, Ani Markova, Hannes P. Portmann, Graham C. Thody, and John H. Wright.

What is SilverCrest's focus in the mining sector?

SilverCrest is focused on precious metals exploration and development, particularly in Mexico's Las Chispas mining district.

What new plan was adopted at SilverCrest's AGM?

A new 'rolling 5.5%' Stock Option Plan was adopted to potentially incentivize company performance.