Power Metallic Mines Inc. (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) announced the voting results from its Annual General and Special Meeting (“AGSM“) held on November 20, 2025 in Toronto, Ontario.
Shareholders voted in favor of all items of business presented at the AGSM, as outlined in the proxy-related materials, including the Notice of Meeting and the Information Circular dated October 14, 2025 (the “Information Circular“). These items included the election of directors such that each of Terry Lynch, Peter Kent, Les Mallard, Greg McKenzie, Steve Beresford and Seamus O’Regan were elected as directors, the appointment of the Company’s auditor, MNP LLP, the approval of the Omnibus Equity Incentive Plan, and the approval of an amendment to the Company’s Articles, to give the chair of the Board a casting vote. Just over 31% of the Company’s issued and outstanding common shares as of the record date of the AGSM were voted.
Table 1 contains the percentage vote for each proposed item – further detail found in the Information Circular.
Table 1 : Percentage of Votes FOR (CNW Group/Power Metallic Mines Inc.)
The Omnibus Equity Incentive Plan replaces the Company’s previous stock option plan, which now enables the Company to grant other forms of equity compensation, including Restricted Share Units, Deferred Share Units and Performance Share Units, in addition to stock options. The Omnibus Equity Incentive Plan complies with the requirements of TSX Venture Exchange Policy 4.4 – Securities Based Compensation.
For more information on the resolutions and the Omnibus Equity Incentive Plan, shareholders are encouraged to refer to the Information Circular available at the Company’s profile on SEDAR+.
New York Stock Exchange – NYSE
As previously announced, the Company is advancing its application for a listing on the NYSE, subject to regulatory approval. Following the completion of the Q3 financial review by our auditors and the NYSE, we expect to provide an update in early January.
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