Search Minerals Announces Results of Annual General Meeting of Shareholders and Grant of Stock Options
Search Minerals (TSXV: SMY) held its annual general meeting on July 24, 2025, where shareholders approved key corporate matters. The meeting resulted in the re-election of directors Joseph Lanzon, Rohan Hazelton, and Diane Poole. Shareholders also approved the reappointment of Mao & Ying LLP as auditors.
The company received approval for its 10% rolling stock option plan and restricted share unit plan. Following the meeting, the Board granted 800,000 stock options to directors, exercisable at $0.33 per share for five years, with 50% vesting immediately and 50% vesting in one year.
Search Minerals (TSXV: SMY) ha tenuto la sua assemblea generale annuale il 24 luglio 2025, durante la quale gli azionisti hanno approvato questioni societarie importanti. L'assemblea ha portato alla rielezione dei direttori Joseph Lanzon, Rohan Hazelton e Diane Poole. Gli azionisti hanno inoltre approvato la riconferma di Mao & Ying LLP come revisori dei conti.
La società ha ottenuto l'approvazione per il suo piano di opzioni azionarie rotativo al 10% e il piano di unità azionarie ristrette. Successivamente all'assemblea, il Consiglio ha assegnato 800.000 opzioni azionarie ai direttori, esercitabili a 0,33$ per azione per cinque anni, con il 50% che si acquisisce immediatamente e il restante 50% dopo un anno.
Search Minerals (TSXV: SMY) celebró su junta general anual el 24 de julio de 2025, donde los accionistas aprobaron asuntos corporativos clave. La reunión resultó en la reelección de los directores Joseph Lanzon, Rohan Hazelton y Diane Poole. Los accionistas también aprobaron la reelección de Mao & Ying LLP como auditores.
La compañía recibió la aprobación de su plan de opciones sobre acciones rodante del 10% y plan de unidades restringidas de acciones. Tras la reunión, la Junta otorgó 800,000 opciones sobre acciones a los directores, ejercitables a $0.33 por acción durante cinco años, con un 50% que se ejerce inmediatamente y el 50% restante en un año.
Search Minerals (TSXV: SMY)는 2025년 7월 24일 연례 주주총회를 개최하여 주주들이 주요 회사 사안을 승인했습니다. 회의 결과 Joseph Lanzon, Rohan Hazelton, Diane Poole 이사가 재선되었습니다. 또한 주주들은 Mao & Ying LLP의 감사 재임을 승인했습니다.
회사는 10% 순환 주식 옵션 계획 및 제한 주식 단위 계획에 대한 승인을 받았습니다. 회의 후 이사회는 800,000주 주식 옵션을 이사들에게 부여했으며, 행사가격은 주당 $0.33이고 5년간 유효하며, 50%는 즉시 권리가 부여되고 나머지 50%는 1년 후에 권리가 부여됩니다.
Search Minerals (TSXV : SMY) a tenu son assemblée générale annuelle le 24 juillet 2025, au cours de laquelle les actionnaires ont approuvé des questions clés de l'entreprise. L'assemblée a abouti à la réélection des administrateurs Joseph Lanzon, Rohan Hazelton et Diane Poole. Les actionnaires ont également approuvé la reconduction de Mao & Ying LLP en tant qu’auditeurs.
L'entreprise a obtenu l'approbation de son plan d'options d'achat d'actions roulant à 10 % et de son plan d'unités d'actions restreintes. À la suite de l'assemblée, le conseil d'administration a octroyé 800 000 options d'achat d'actions aux administrateurs, exerçables à 0,33 $ par action pendant cinq ans, avec 50 % acquises immédiatement et 50 % acquises dans un an.
Search Minerals (TSXV: SMY) hielt am 24. Juli 2025 seine jährliche Hauptversammlung ab, bei der die Aktionäre wichtige Unternehmensangelegenheiten genehmigten. Die Versammlung führte zur Wiederwahl der Direktoren Joseph Lanzon, Rohan Hazelton und Diane Poole. Die Aktionäre stimmten auch der Wiederbestellung von Mao & Ying LLP als Wirtschaftsprüfer zu.
Das Unternehmen erhielt die Genehmigung für seinen 10% rollierenden Aktienoptionsplan und Restricted Share Unit Plan. Nach der Versammlung gewährte der Vorstand 800.000 Aktienoptionen an die Direktoren, ausübbar zu 0,33 $ pro Aktie für fünf Jahre, wobei 50% sofort und 50% nach einem Jahr unverfallbar werden.
- Unanimous re-election of board members indicates strong shareholder support
- Implementation of stock option and restricted share unit plans provides incentive alignment
- Structured vesting schedule for stock options promotes long-term commitment
- Potential dilution from 800,000 new stock options at $0.33 per share
St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - July 28, 2025) - Search Minerals Inc. (TSXV: SMY) ("Search Minerals" or the "Company") is pleased to announce the results of its annual general meeting of shareholders held on July 24, 2025 (the "Meeting").
ELECTION OF DIRECTORS
At the Meeting, all the nominees for re-election as director were re-elected to serve until the next annual general meeting of shareholders. Following the Meeting, the Company's board of directors is comprised of Joseph Lanzon, Rohan Hazelton and Diane Poole.
APPOINTMENT OF AUDITOR
At the Meeting, the Company's shareholders approved the reappointment of Mao & Ying LLP Chartered Accountants as the Company's auditors for the ensuing year and authorized the board of directors to fix the auditors' remuneration.
APPROVAL OF STOCK OPTION PLAN AND RESTRICTED SHARE UNIT PLAN
At the Meeting, shareholders approved the Company's
"We are deeply grateful to our shareholders for their overwhelming support in re-electing the Board of Directors," said Joseph Lanzon, CEO and Director. "This vote of confidence affirms our strategic vision and strengthens our mandate to advance Search Minerals' critical rare earth element portfolio. Together, with a focused, capable team, we are ready to accelerate the next phase of growth."
GRANT OF STOCK OPTIONS
The Company also wishes to announce that the Board of Directors has granted an aggregate of 800,000 stock options to the directors of the Company under its
For further information about Search Minerals, please contact:
Joseph Lanzon
CEO and Director
Telephone: 613-796-5957
Email: joseph.lanzon@searchminerals.ca
About Search Minerals
Search Minerals is focused on exploring for and developing Critical Rare Earths Elements (CREE) as well as transition metals Zirconium (Zr) and Hafnium (Hf) within the emerging Port Hope Simpson - St. Lewis CREE District of South-East Labrador. The Company controls two deposits (Foxtrot and Deep Fox), two drill ready prospects (Fox Meadow and Silver Fox) and numerous other CREE prospects, including Fox Valley, Foxy Lady and Awesome Fox, along a 64 kilometre long belt forming a CREE District in Labrador.
Search Minerals also controls additional CREE assets in the Red Wine CREE District of central Labrador. These include: the drill ready Two Tom Lake CREE-Be-Nb deposit, the Mann #1 CREE-Nb-Be prospect and Merlot CREE Prospect.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipate", "expect" "plan", "likely", "believe", "intend", "forecast", "project", "estimate", "potential", "could", "may", "will", "would" or "should". Forward-Looking Information in this news release are based on certain material assumptions and involve, known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Search Minerals to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, those factors discussed in Search Minerals' public filings. Although Search Minerals has attempted to identify important factors that could affect Search Minerals and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. For further information on these and other risks and uncertainties that may affect the Company's business, see the Company's Management's Discussion and Analysis filed with certain Canadian securities regulators, which are available at www.sedarplus.ca. Except as required by law, Search Minerals does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260254
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