Base Carbon Announces Shareholder Meeting Results

Rhea-AI Summary

Base Carbon (OTCQX: BCBNF) announced results of its Special Shareholder Meeting held Feb 6, 2026. Shareholders approved the appointment of BDO Canada LLP as auditors for fiscal 2025 and authorized directors to fix auditor remuneration.

Shareholders also approved retrospectively extending expiry dates for certain outstanding options to Sept 7, 2027 and Feb 10, 2028. Votes: auditor appointment 35,409,493 (99.983% in favour); option extension 24,146,981 (97.347% in favour) with 658,000 (2.653%) against. Certain related persons were excluded from the option-extension vote.

Positive

• Appointment of BDO Canada LLP as auditors for fiscal 2025 (approved by 99.983% of votes)
• Shareholder approval to extend option expiries to Sept 7, 2027 and Feb 10, 2028

Negative

• Certain related persons were excluded from voting on the option-extension resolution
• 658,000 votes (2.653%) opposed the option-extension resolution

TORONTO, Feb. 06, 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 Special Shareholder Meeting (the “Meeting”).

Shareholders voted in favour of appointing BDO Canada LLP, as auditors of the Company for the 2025 fiscal year and authorized the directors to fix their remuneration:

# of Votes in Favour	% of Votes in Favour	# of Votes Withheld	% of Votes Withheld
35,409,493	99.983%	6,108	0.017%

Shareholders, excluding certain Shareholders as discussed below, also voted in favor of an ordinary resolution to approve, ratify and confirm the extension of the expiry of certain outstanding options to buy common shares of the Company originally set to expire on September 7, 2025 and February 10, 2026 until September 7, 2027 and February 10, 2028, retrospectively. The full text of which is set out in the information circular prepared for the Meeting.

Certain Shareholders, being related persons that would receive, or would be eligible to receive, a material benefit from the extension of the options, and the votes attached to the shares they own were excluded from voting (whether by proxy or otherwise) on the extension of these options.

# of Votes in Favour	% of Votes in Favour	# of Votes Against	% of Votes Against
24,146,981	97.347%	658,000	2.653%

For more information refer to the management information circular dated December 23, 2025, available on the Company’s profile at www.sedarplus.ca.

About Base Carbon

Base Carbon is a financier of projects involved primarily in the global voluntary carbon markets. We endeavor to be the preferred carbon project partner in providing capital and management resources to carbon removal and abatement 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

Who were appointed as auditors for Base Carbon (BCBNF) at the Feb 6, 2026 meeting?

BDO Canada LLP were appointed as auditors for fiscal 2025 with 99.983% support. According to the company, shareholders also authorized directors to set auditor remuneration.

What option expiry changes did Base Carbon (BCBNF) shareholders approve on Feb 6, 2026?

Shareholders approved retrospective extensions of certain option expiries to Sept 7, 2027 and Feb 10, 2028. According to the company, the full resolution text is in the information circular.

How did shareholders vote on the option-extension resolution for Base Carbon (BCBNF)?

The option-extension resolution passed with 24,146,981 votes in favour (97.347%) and 658,000 against (2.653%). According to the company, some related-person votes were excluded.

Were any shareholders excluded from voting on the option extensions for Base Carbon (BCBNF)?

Yes. Related persons who would receive a material benefit were excluded from voting on the option-extension resolution. According to the company, those excluded votes were not counted for that item.