NXT Energy Solutions Inc. Announces Results of Annual Meeting of Shareholders

Rhea-AI Summary

NXT Energy Solutions Inc. held its Annual Meeting of Shareholders on June 2, 2025, where shareholders approved several key resolutions. Eight directors were elected with overwhelming support, each receiving over 99% approval. MNP LLP was unanimously appointed as the company's auditors. Shareholders also approved the Amended and Restated Stock Option Plan and the Deferred Share Unit Plan, both with 98.91% support. The meeting demonstrated strong shareholder alignment with management's proposals, with most resolutions passing with near-unanimous approval. Notable directors elected include Peter Mork, Theodore Patsellis, and Bruce G. Wilcox, among others.

CALGARY, AB / ACCESS Newswire / June 3, 2025 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to provide the voting results from its Annual Meeting of Shareholders held on June 2, 2025.

Shareholders approved the following:

• Election of Directors: Eight directors of the Company were elected to hold office until the next annual meeting of shareholders or until their successors are duly elected or appointed.

• Appointment of Auditors: MNP LLP were appointed as the auditors of the Company for the next year at a remuneration to be determined by the Board of Directors.

• Unallocated Options Resolution. The resolution to approve the Company's Amended and Restated Stock Option Plan was passed.

• Deferred Share Unit Plan Resolution. The resolution for the approval the Deferred Share Unit Plan and the unallocated entitlements issuable thereunder was passed.

Further details are set out in the Company's Information Circular dated April 17, 2025 posted on the Company's website and filed on www.sedarplus.ca.

Specific voting results are as follows:

Description of Matter	# of Votes For	% of Votes For	# of Votes Withheld/ Against	% of Votes Withheld/ Against
Election of the following Directors:
Peter Mork	48,639,731	99.18%	400,364	0.82%
Theodore Patsellis	49,038,811	100.00%	1,284	0.00%
Charles Selby	49,038,811	100.00%	1,284	0.00%
Gerry Sheehan	49,012,011	99.94%	28,084	0.06%
Jeffrey Tilson	49,039,095	100.00%	1,000	0.00%
Thomas E. Valentine	48,612,091	99.13%	428,004	0.87%
Bruce G. Wilcox	48,640,015	99.18%	400,080	0.82%
Eugene Woychyshyn	48,639,731	99.18%	400,364	0.82%
Appointment of Auditors	52,950,077	100.00%	1,100	0.00%
Unallocated Options Resolution	48,507,855	98.91%	532,240	1.09%
Deferred Share Unit Plan Resolution	48,507,855	98.91%	532,240	1.09%

 

About NXT Energy Solutions Inc.
NXT Energy Solutions Inc. is a Calgary-based technology company whose proprietary airborne SFD® survey system, applied in numerous basins around the world, uses the principles of quantum mechanics to infer stress anomalies of exploration interest. The method can be used both onshore and offshore to remotely identify areas conducive to fluid entrapment in order to recommend areas with commercial hydrocarbon and/or geothermal potential. The SFD® survey system enables our clients to focus their exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential. SFD® is environmentally friendly and unaffected by ground security issues or difficult terrain and is the registered trademark of NXT Energy Solutions Inc. NXT Energy Solutions Inc. provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.

Contact Information
For investor and media inquiries please contact:

Michael Baker

Investor Relations

302, 3320 - 17th AVE SW

Calgary, AB, T3E 0B4

+1 403 264 7020

nxt_info@nxtenergy.com

www.nxtenergy.com

SOURCE: NXT Energy Solutions, Inc.

View the original press release on ACCESS Newswire

FAQ

What were the key resolutions passed at NXT Energy Solutions (NSFDF) 2025 annual meeting?

The key resolutions passed included the election of eight directors, appointment of MNP LLP as auditors, approval of the Amended and Restated Stock Option Plan, and approval of the Deferred Share Unit Plan.

What was the voting result for NSFDF's Stock Option Plan in 2025?

The Unallocated Options Resolution (Stock Option Plan) was approved with 98.91% of votes in favor, representing 48,507,855 votes for and 532,240 votes against.

Who are the directors elected to NXT Energy Solutions' board in 2025?

The elected directors are Peter Mork, Theodore Patsellis, Charles Selby, Gerry Sheehan, Jeffrey Tilson, Thomas E. Valentine, Bruce G. Wilcox, and Eugene Woychyshyn.

What was the shareholder approval rate for NSFDF's auditor appointment in 2025?

The appointment of MNP LLP as auditors received nearly unanimous approval with 52,950,077 votes (100%) in favor and only 1,100 votes against.