Base Carbon Announces Annual General Meeting Results

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Base Carbon (OTCQX:BCBNF) reported voting results from its June 25, 2026 Annual General Meeting. Shareholders representing 51,205,311 shares, or 50.777% of outstanding shares, were present. Six directors were elected, and BDO Canada LLP was appointed as auditor with 99.941% of votes cast in favour.

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TORONTO, June 25, 2026 (GLOBE NEWSWIRE) -- Base Carbon Inc. (Cboe CA: BCBN) (OTCQX: BCBNF) with operations through its wholly-owned subsidiary, Base Carbon Capital Partners Corp. (together, with affiliates, “Base Carbon”, or the “Company”), is pleased to announce the results of its Annual General Meeting (the “Meeting”).

A total of 51,205,311 common shares, representing 50.777% of the issued and outstanding common shares of the Company, were represented at the Meeting. Six (6) directors were elected to the Company’s board for the ensuing year. The following is a tabulation of the votes submitted in person and by proxy:

Director Nominee	# of Votes in Favour	% of Votes in Favour	# of Votes Withheld	% of Votes Withheld
Catherine Flax	46,684,011	99.971%	13,466	0.029%
Margot Naudie	45,192,288	96.782%	1,502,666	3.218%
Bruce Tozer	46,684,806	99.978%	10,347	0.022%
Michael Costa	46,693,281	99.996%	1,872	0.004%
Andrew Fedak	46,174,787	98.886%	520,366	1.114%
Adrian Morante	46,684,811	99.978%	10,346	0.022%

Shareholders voted in favour of appointing BDO Canada LLP as auditors of the Company for the ensuing year and authorized the directors to fix their remuneration:

# of Votes in Favour	% of Votes in Favour	# of Votes Withheld	% of Votes Withheld
51,175,032	99.941%	30,279	0.059%

For more information refer to the management information circular dated May 13, 2026, available on the Company’s profile at www.sedarplus.ca.

About Base Carbon

Base Carbon provides capital, development expertise and management operating resources to projects involved in the global carbon markets. We endeavor to be the preferred carbon project partner in providing capital and management resources to carbon removal and reduction projects globally and, where appropriate, will utilize technologies within the evolving environmental industries to enhance efficiencies, commercial credibility, and trading transparency. For more information, please visit www.basecarbon.com.

Media and Investor Inquiries

Base Carbon Inc.
Investor Relations
Tel: +1 647 952 3979
E-mail: investorrelations@basecarbon.com

Media Inquiries
E-mail: media@basecarbon.com

FAQ

What were the key outcomes of Base Carbon (BCBNF) 2026 annual general meeting?

Base Carbon shareholders elected six directors and reappointed BDO Canada LLP as auditor. According to Base Carbon, 51,205,311 shares, or 50.777% of outstanding common shares, were represented at the June 25, 2026 annual general meeting.

How many Base Carbon (BCBNF) shares were represented at the June 25, 2026 AGM?

A total of 51,205,311 Base Carbon common shares were represented at the AGM. According to Base Carbon, this equals 50.777% of issued and outstanding common shares, indicating just over half of the shareholder base participated in the meeting.

Which directors were elected at the 2026 Base Carbon (BCBNF) annual meeting?

Shareholders elected Catherine Flax, Margot Naudie, Bruce Tozer, Michael Costa, Andrew Fedak, and Adrian Morante. According to Base Carbon, each nominee received strong support, with vote-for percentages ranging from 96.782% to 99.996% of the shares voted.

What auditor did Base Carbon (BCBNF) appoint at its June 2026 AGM?

Base Carbon shareholders approved BDO Canada LLP as auditor for the ensuing year. According to Base Carbon, 51,175,032 votes, or 99.941% of votes cast, supported the appointment, with only 30,279 votes, or 0.059%, withheld on this item.

What were the vote percentages for Base Carbon (BCBNF) auditor appointment in 2026?

Votes for appointing BDO Canada LLP reached 99.941% of ballots cast, with 0.059% withheld. According to Base Carbon, this corresponded to 51,175,032 votes in favour and 30,279 votes withheld at the 2026 annual general meeting.