Defense Metals Announces AGM Results

Rhea-AI Summary

Defense Metals Corp. (TSXV: DEFN) (OTCQB: DFMTF) held its annual general meeting on December 18, 2024, where shareholders made several key decisions. The board of directors was set at five members, with all nominees successfully elected. P.E. Ted Kavanagh and Suzanne Rich Folsom received the highest approval rates at 99.98% each, while Guy de Selliers de Moranville secured 98.76% of votes. Dr. Luisa Moreno and Dale Wallster each received 92.82% approval. Shareholders also approved the appointment of Crowe MacKay LLP as auditor, authorized directors to fix auditor remuneration, and approved a new 10% rolling omnibus incentive plan.

VANCOUVER, BC, Dec. 19, 2024 /PRNewswire/ - Defense Metals Corp. ("Defense Metals" or the "Company") (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce the voting results of its annual general meeting of shareholders that took place December 18, 2024 (the "AGM").

At the AGM, the shareholders set the size of the board of directors at five. Detailed voting results regarding the election of the directors are as set out in the following table:

Director Nominee	Number of shares voted for	% of shares voted for	Number of shares voted withheld	% of shares voted withheld
Guy de Selliers de Moranville	80,670,593	98.76 %	1,016,891	1.24 %
Dr. Luisa Moreno	75,825,040	92.82 %	5,862,444	7.18 %
Dale Wallster	75,825,402	92.82 %	5,862,082	7.18 %
P.E. Ted Kavanagh	81,760,691	99.98 %	16,793	0.02 %
Suzanne Rich Folsom	81,670,581	99.98 %	16,903	0.02 %

Shareholders also approved:

• The appointment of Crowe MacKay LLP as the auditor for Defense Metals for the ensuing fiscal year;
• The authorization for the directors to fix the remuneration paid to the auditor; and
• A resolution approving the Company's new 10% rolling omnibus incentive plan.

About Defense Metals Corp. and its Wicheeda Rare Earth Element Project

Defense Metals Corp. is focused on the development of its 100% owned, 11,800-hectare (~29,158-acre) Wicheeda REE Project that is located on the traditional territory of the McLeod Lake Indian Band in British Columbia, Canada.

The Wicheeda REE Project, approximately 80 kilometres (~50 miles) northeast of the city of Prince George, is readily accessible by a paved highway and all-weather gravel roads and is close to infrastructure, including hydro power transmission lines and gas pipelines. The nearby Canadian National Railway and major highways allow easy access to the port facilities at Prince Rupert, the closest major North American port to Asia.

For further information, please visit www.defensemetals.com or contact:

Alex Heath
Senior Vice President, Corporate Development & Interim CFO
Tel: +1 604-354-2491
Email: alex@defensemetals.com 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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SOURCE Defense Metals Corp.

FAQ

What were the voting results for Defense Metals (DFMTF) 2024 AGM board elections?

At the December 18, 2024 AGM, all five directors were elected with strong approval: P.E. Ted Kavanagh and Suzanne Rich Folsom received 99.98% approval, Guy de Selliers de Moranville got 98.76%, while Dr. Luisa Moreno and Dale Wallster each received 92.82% of votes.

What key resolutions were approved at Defense Metals (DFMTF) 2024 AGM?

Shareholders approved the appointment of Crowe MacKay LLP as auditor, authorized directors to fix auditor remuneration, and approved a new 10% rolling omnibus incentive plan.

How many directors were appointed to Defense Metals (DFMTF) board in December 2024?

Shareholders set the size of the board of directors at five members at the December 18, 2024 AGM.

Which Defense Metals (DFMTF) directors received the highest shareholder approval in 2024?

P.E. Ted Kavanagh and Suzanne Rich Folsom received the highest shareholder approval at 99.98% each during the December 2024 AGM.