Defiance Announces Results of 2025 Annual General and Special Meeting

Defiance Silver Corp (OTCQX: DNCVF) reported results from its 2025 Annual General and Special Meeting held December 5, 2025.

Rhea-AI Summary

Defiance Silver Corp (OTCQX: DNCVF) reported results from its 2025 Annual General and Special Meeting held December 5, 2025. Shareholders voted 90,698,476 common shares, representing approximately 24.918% of issued and outstanding common shares.

All meeting items were approved per the company circular dated October 22, 2025: setting the board size at five directors; electing Christopher Wright, Ronald Sowerby, James Bergin, George Cavey and Paul A. Smith as directors; appointing Davidson & Company LLP as auditor for the ensuing year; and approving the company’s 2021 Omnibus Plan. Director and resolution vote tallies ranged from ~93.24% to 99.02% in favor per disclosed results.

Argus Dec 10 session

+4.97% close to close Open Argus

Details

News Market Reaction – DNCVF

On Dec 10, the day this news came out, DNCVF closed 4.97% above the previous close.

Data tracked by StockTitan Argus for the Dec 10 session.

Key Figures

Shares voted: 90,698,476 shares Voter participation: 24.918% Directors set at: 5 directors +5 more

Shares voted

90,698,476 shares

Common shares voted at the 2025 AGM

Voter participation

24.918%

Percent of issued and outstanding shares represented at AGM

Directors set at

5 directors

Board size approved at AGM

Votes for board size

98.53% for

Resolution to set number of directors at five

Omnibus Plan approval

93.238% for, 6.762% against

2021 Omnibus Plan ratified at AGM

Auditor appointment

96.699% for, 3.301% withheld

Appointment of Davidson & Company LLP as auditor

Christopher Wright support

97.279% for, 2.721% withheld

Election of director Christopher Wright

James Bergin support

93.7536% for, 6.427% withheld

Election of director James Bergin

Historical Context

4 past events · Latest: Nov 19

4 events

1. Nov 19

   Exploration results

   24h Move

   -1.8%

   High-grade trenching results from San Acacio, including strong silver assays.

2. Sep 12

   Drill program start

   24h Move

   +18.1%

   Launch of 10,000m drill program at Zacatecas with disclosure on prior financing.

3. Jul 16

   Project acquisition

   24h Move

   -4.9%

   Acquisition of Green Earth Metals and three copper-gold-silver projects in Sonora.

4. Jun 16

   Access agreement

   24h Move

   -5.8%

   Six-year access agreement enabling exploration and drilling at Tepal project.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

annual general and special meeting, management information circular, omnibus plan, auditor

4 terms

annual general and special meeting regulatory

"Defiance Silver Corp. ... announces the results of its 2025 Annual General and Special Meeting"

A combined annual general and special meeting is a formal gathering of a company’s shareholders to handle routine yearly business—like approving financial statements and electing directors—and to decide on one-off or significant matters that need shareholder approval, such as major asset sales or changes to corporate rules. Investors care because votes cast there can change who runs the company, alter its strategy or capital structure, and signal broader shareholder support or opposition, much like homeowners voting on routine upkeep and a special renovation in a neighborhood association.

management information circular regulatory

"as outlined in the management information circular of the Company dated October 22, 2025"

A management information circular is a document sent to shareholders ahead of a company meeting that explains who is asking for votes, what decisions will be made, and why management recommends a particular outcome. Like an instruction booklet and argument sheet combined, it lays out details such as board nominees, executive pay, major transactions and any conflicts, helping investors decide how to vote and judge whether leadership choices could affect the company’s future value.

omnibus plan financial

"Approving, ratifying and confirming the Company's 2021 Omnibus Plan."

An omnibus plan is a single, broad employee compensation program that groups together different types of pay awards — such as stock options, restricted shares, cash bonuses and other incentives — under one set of rules and administration. Think of it as a single toolbox that lets a company give and track many kinds of employee pay from one place; investors care because it affects potential share dilution, how executive incentives are structured, and the size and timing of compensation expense.

auditor financial

"Appointing Davidson & Company LLP as auditor of the Company for the ensuing year"

An auditor is an independent professional who examines a company’s financial records, accounting systems, and internal controls to confirm that reported numbers are accurate and follow the rules. For investors, an auditor’s review is like a third‑party inspector for a house: it reduces the risk of hidden problems, makes financial statements more trustworthy, and helps investors judge whether a company’s reported results reflect reality.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Vancouver, British Columbia--(Newsfile Corp. - December 10, 2025) - Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (FSE: D4E) (WKN: A1JQW5) ("Defiance" or the "Company") is pleased to announce the results of its 2025 Annual General and Special Meeting (the "AGM") held on Friday, December 5, 2025.

Shareholders approved all items to be acted upon, as outlined in the management information circular of the Company dated October 22, 2025, namely:

• Electing all nominees to the board of directors of the Company.
• Appointing Davidson & Company LLP as auditor of the Company for the ensuing year and authorizing the Directors to determine the auditor's compensation.
• Approving, ratifying and confirming the Company's 2021 Omnibus Plan.
• A total of 90,698,476 common shares of the Company were voted at the meeting, representing approximately 24.918% of the issued and outstanding common shares of the Company (see below).

Resolution	Votes For	Votes Against	Votes Withheld
To set the number of directors at five	98.53%	1.470%	n/a
To elect the following as directors:
Christopher Wright	97.279%	n/a	2.721 %
Ronald Sowerby	99.016%	n/a	0.984%
James Bergin	93.7536%	n/a	6.427%
George Cavey	95.502%	n/a	4.498%
Paul A. Smith	95.359%	n/a	4.461%
Appointment of Auditor	96.699%	n/a	3.301%
Approve, ratify and confirm the 2021 Omnibus Plan	93.238%	6.762%	n/a

 

"We appreciate the continued support of our shareholders. Our team remains committed to creating long-term value through strategic exploration and the advancement of our key assets," stated Christopher Wright, CEO of the Company.

About Defiance Silver Corp.

Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (FSE: D4E) is an exploration company advancing the district-scale Zacatecas project, located in the historic Zacatecas Silver District, the 100% owned Tepal Gold/Copper Project in Michoacán state, Mexico and the newly acquired Green Earth Metals property portfolio in Sonora State. Defiance is managed by a team of proven mine developers with a track record of exploring, advancing, and developing several operating mines and advanced resource projects. Defiance Silver's corporate mandate is to advance its projects through capital-efficient exploration focused on resource growth and new mineral discoveries.

On behalf of Defiance Silver Corp.

"Chris Wright"
CEO & Chairman of the Board

For more information, please contact: Investor Relations at +1 (604) 343-4677 or via email at info@defiancesilver.com.

www.defiancesilver.com

Suite 2900-550 Burrard Street
Vancouver, BC V6C 0A3
Canada
Tel: +1 (604) 343-4677
Email: info@defiancesilver.com

Disclaimer
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 release.

Cautionary Statements Regarding Forward-Looking Information
Information contained in this news release which are not statements of historical facts may be "forward-looking information" for the purposes of Canadian securities laws. Such forward-looking information and statements involve known and unknown risks and uncertainties that may cause Defiance's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon... The words "believe", "expect", "anticipate", "contemplate", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule", "understand" and similar expressions identify forward-looking information.

Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability of suitable financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from Defiance's Mexican activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedarplus.ca. Accordingly, all such factors should be considered carefully when making decisions with respect to Defiance, and prospective investors should not place undue reliance on forward-looking information. Forward-looking information in this news release is made as at the date hereof. The Company assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277489

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were the main outcomes of Defiance Silver Corp's December 5, 2025 AGM (DNCVF)?

Shareholders approved a five‑member board, elected all five director nominees, appointed Davidson & Company LLP as auditor, and approved the 2021 Omnibus Plan.

How many shares voted at Defiance Silver Corp's 2025 AGM and what percent of float did that represent (DNCVF)?

A total of 90,698,476 common shares were voted, representing about 24.918% of issued and outstanding common shares.

What were the vote percentages for electing directors at Defiance Silver Corp's 2025 AGM (DNCVF)?

Director vote support ranged roughly from 93.75% to 99.02% in favor across the five nominees, with withheld votes reported for some directors.

Was Defiance Silver Corp's 2021 Omnibus Plan approved at the 2025 AGM (DNCVF) and what was the vote split?

Yes; the 2021 Omnibus Plan was approved with 93.238% votes in favor and 6.762% against.

Who is the appointed auditor for Defiance Silver Corp for the ensuing year after the 2025 AGM (DNCVF)?

The company appointed Davidson & Company LLP as auditor for the ensuing year, with directors authorized to set compensation.