SilverCrest Reports Results of AGM

Rhea-AI Summary

SilverCrest Metals Inc. announced outcomes from its Annual General Meeting held on June 15, 2021, where 54.66% of shares were represented. Shareholders approved seven directors, with votes in favor ranging from 86.74% to 99.87%. PricewaterhouseCoopers LLP was reappointed as the company’s auditor. Additionally, a new 1.5% Equity Share Unit Plan was approved. Focused on the Las Chispas mining district in Mexico, SilverCrest is targeting production startup by mid-2022.

Positive

• Shareholders approved all resolutions, including the election of seven directors.
• High percentage of votes in favor for directors, indicating strong shareholder support.
• Approval of a new 1.5% Equity Share Unit Plan to incentivize performance.
• Plans for production startup at the Las Chispas Mine targeted for mid-2022.

Negative

• None.

TSX: SIL | NYSE American: SILV

VANCOUVER, BC, June 16, 2021 /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, 2021.

A total of 78,955,084 votes were represented at the AGM amounting to 54.66% of the issued common shares as of the record date.

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

Directors	Tabulation of Votes in Favour submitted by Proxy	Tabulation of Votes Withheld submitted by Proxy
N. Eric Fier	58,077,796        (99.71%)	168,161           (0.29%)
Laura Diaz	58,168,394        (99.87%)	77,564           (0.13%)
Ross O. Glanville	54,283,976        (93.20%)	3,961,981           (6.80%)
Ani Markova	57,895,061        (99.40%)	350,897           (0.60%)
Hannes P. Portmann	57,723,288        (99.10%)	522,669           (0.90%)
Graham C. Thody	51,647,789        (88.67%)	6,598,168           (11.33%)
John H. Wright	50,521,903        (86.74%)	7,721,454           (13.26%)

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

In addition, further to the Company's news release dated June 4, 2021, the shareholders approved the adoption of a new "rolling 1.5%" Equity Share Unit 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 targeting 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 a feasibility study on the Las Chispas Project and is proceeding with mine construction. Startup of production at the Las Chispas Mine is targeted for mid-2022. 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 Metals' AGM held on June 15, 2021?

The AGM resulted in the approval of seven directors and the reappointment of PricewaterhouseCoopers LLP as auditor.

What is the focus of SilverCrest Metals regarding mining?

SilverCrest is focused on the Las Chispas mining district in Mexico, with plans for production startup targeted for mid-2022.

What new plan was approved by SilverCrest Metals' shareholders?

Shareholders approved a new 1.5% Equity Share Unit Plan for the company.

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

A total of 54.66% of the issued common shares were represented at the AGM.

How did shareholders vote on the election of directors at SilverCrest's AGM?

Votes in favor for directors ranged from 86.74% to 99.87%, showing strong shareholder confidence.