ATEX Announces 2025 AGM Results

Rhea-AI Summary

ATEX Resources Inc. (TSXV: ATX) held its Annual General and Special Meeting on May 7, 2025, with strong shareholder participation representing 65.90% of total outstanding shares. All proposed motions received overwhelming approval. Shareholders voted to maintain a six-member board of directors with 100% approval. All six directors were re-elected with high approval rates ranging from 93.92% to 99.99%. McGovern Hurley LLP was re-appointed as auditor with 99.99% approval. The company's stock option plan and restricted share unit plan were also approved with 98.18% and 98.15% support respectively.

Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - ATEX Resources Inc. (TSXV: ATX) ("ATEX" or the "Company") is pleased to announce the results of its Annual General and Special Meeting (the "Meeting") of its shareholders held online on Wednesday, May 7, 2025. All of the motions set out in ATEX's Notice of Annual General and Special Meeting and Management Information Circular dated April 1, 2025 were overwhelmingly approved by ATEX shareholders at the Meeting as further described below.

A total of 182,773,800 votes were cast by holders of ATEX common shares, representing 65.90% of the total outstanding shares entitled to vote at the Meeting. The detailed voting results of the Meeting are as follows:

Number of Directors	% For	% Against
Number of Directors to be set at six	100.00%	0.00%
Election of Directors	% For	% Withheld
Craig Nelsen	93.92%	6.08%
Benjamin Pullinger	99.47%	0.53%
Alejandra Wood	97.63%	2.37%
Jamile Cruz	99.30%	0.70%
Chris Beer	99.99%	0.01%
Rick McCreary	99.99%	0.01%
Appointment of Auditor	% For	% Withheld
To re-appoint McGovern Hurley LLP, Chartered Accountants, as the Company's auditor for the ensuing year and to authorize the directors to fix their remuneration	99.99%	0.01%
Approval of Stock Option Plan	% For	% Against
Passing an ordinary resolution approving the Company's stock option plan for the ensuing year	98.18%	1.82%
Approval of Restricted Share Unit Plan	% For	% Against
Passing an ordinary resolution approving the Company's restricted share unit plan for the ensuing year	98.15%	1.85%

 

About ATEX

ATEX is exploring the Valeriano Copper-Gold Project which is located within the emerging copper gold porphyry mineral belt linking the prolific El Indio High-Sulphidation Belt to the south with the Maricunga Gold Porphyry Belt to the north, located in the Atacama Region, Chile. This emerging belt, informally referred to as the Link Belt, hosts several copper gold porphyry deposits at various stages of development including, Filo del Sol (Lundin Mining/BHP), Josemaria (Lundin Mining/BHP), Lunahausi (NGEx Minerals), La Fortuna (Teck Resources/Newmont) and El Encierro (Antofagasta/Barrick Gold). The Valeriano Project hosts a large copper gold porphyry mineral resource: 1.41 billion tonnes at 0.67% CuEq (0.50% Cu, 0.20 g/t Au, 0.96 g/t Ag and 63.80 g/t Mo), which includes a higher-grade core totaling 200 million tonnes at 0.84% CuEq (0.62% Cu, 0.29 g/t Au 1.25 g/t Ag and 55.7 g/t Mo), as reported by ATEX on September 12, 2023ⁱ.

For further information, please contact:

Ben Pullinger,
President and CEO
Email: bpullinger@atexresources.com

Aman Atwal,
Vice President, Business Development and Investor Relations
Email: aatwal@atexresources.com

1-647-398-9405
or visit ATEX's website at www.atexresources.com.

Neither the TSX Venture Exchange nor its regulation services provider has reviewed or accepts
responsibility for the adequacy or accuracy of the content of this news release.

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ⁱ See NI 43-101 technical report titled "Independent Technical Report for the Valeriano Copper-Gold Project, Atacama Region, Chile" by Joled Nur, CCCRRM-Chile, and David Hopper, CGeol, with an effective date of September 1, 2023, filed at www.sedarplus.ca on October 25, 2023, for additional details on the 2023 Mineral Resource Estimate for the Valeriano project.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251214

FAQ

What were the key results of ATEX Resources' 2025 AGM?

At ATEX's 2025 AGM, shareholders approved all motions including: maintaining six directors, re-electing all board members with over 93% approval, re-appointing McGovern Hurley LLP as auditor, and approving both the stock option and restricted share unit plans with over 98% support.

What was the shareholder participation rate at ATEX's 2025 AGM?

The shareholder participation at ATEX's 2025 AGM was 65.90% of total outstanding shares, with 182,773,800 votes cast.

Who are the board members elected at ATEX Resources' 2025 AGM?

The elected board members are Craig Nelsen, Benjamin Pullinger, Alejandra Wood, Jamile Cruz, Chris Beer, and Rick McCreary, all receiving over 93% approval rates.

What compensation plans were approved at ATEX's 2025 AGM?

Shareholders approved both the stock option plan with 98.18% support and the restricted share unit plan with 98.15% support for the ensuing year.