Cornish Metals Details Outcomes of Its Latest Shareholder Meeting
Cornish Metals Reports on Annual General and Special Meeting
Cornish Metals Inc. (AIM/TSXV: CUSN) has declared the results of its recent Annual General and Special Meeting, engaging shareholders in a dialogue through a live audio teleconference format. During this event, a remarkable total of 909,699,906 common shares were cast, which is approximately 72.64% of the company's total outstanding shares, allowing for significant representation in the decision-making process.
Voting Outcomes at the Meeting
The results from the shareholder meeting highlight the approval of various resolutions, reflecting confidence among stakeholders. In the company's Management Proxy Circular dated May 16, 2025, capitalized terms are clearly defined to provide clarity on the discussions held. Below is an overview of key voting outcomes from the meeting:
Director Appointments
Shareholders voted to set the number of directors at eight. The election of each director received overwhelming support, showcasing their favorability among the shareholders. The votes were counted as follows:
- Lodewyk Daniel Turvey: 876,314,283 votes (96.58% in favor)
- Patrick F.N. Anderson: 854,070,569 votes (94.13% in favor)
- Kenneth A. Armstrong: 907,264,038 votes (99.99% in favor)
- John F.G. McGloin: 854,076,294 votes (94.13% in favor)
- Stephen T. Gatley: 907,252,657 votes (99.99% in favor)
- Anthony Trahar: 907,257,380 votes (99.99% in favor)
- Samantha Hoe-Richardson: 854,077,020 votes (94.13% in favor)
- James Whiteside: 907,264,210 votes (99.99% in favor)
Appointment of Auditors and Share Authority
The shareholders also showed strong support for the appointment of auditors, with 909,630,842 votes in favor, translating to 99.99%. Further, the approval of share authority necessary for broader operational flexibility received 907,107,016 votes, equating to 99.97% approval. This demonstrates a robust consensus among shareholders about the company's strategic direction.
South Crofty Tin Project: A Strong Future Ahead
Cornish Metals continues to make strides with its South Crofty tin project, which holds immense potential. This historical high-grade underground tin mine is located in Cornwall, UK, and is well-positioned with necessary infrastructure in place for future development.
Why South Crofty Matters
The significance of this project cannot be overstated:
- South Crofty is permitted for underground mining operations until 2071, with plans for a processing facility and essential site infrastructure.
- As the sole primary tin producer in Europe and North America, South Crofty is pivotal considering tin's classification as a critical mineral, essential for electronic devices.
- The project benefits from robust local support, which is vital for successful operations, with the potential to create up to 320 local jobs.
Engagement and Communication
The leadership team at Cornish Metals encourages ongoing communication with shareholders and stakeholders through various channels, including their investor hub. Such engagement is essential for fostering trust and transparency as the company continues to advance its projects.
Contact Information
For more information, stakeholders are encouraged to contact Cornish Metals directly. Here are the relevant contacts:
- Investors: Fawzi Hanano, Irene Dorsman
- Email: investors@cornishmetals.com
- Phone: +1 (604) 200 6664
Frequently Asked Questions
What were the main resolutions passed during the meeting?
The resolutions included the election of directors, appointment of auditors, and approvals for share authority.
How many shares were represented at the meeting?
A total of 909,699,906 common shares were represented, accounting for approximately 72.64% of total outstanding shares.
What is the significance of the South Crofty project?
South Crofty is crucial as it stands to be the only primary producer of tin in Europe and North America, emphasizing its economic importance.
How can stakeholders stay updated on company developments?
Stakeholders can remain informed through the company’s investor hub and direct communications from the management team.
Who is the CEO of Cornish Metals?
Don Turvey serves as the CEO and Director, actively engaging with shareholders and guiding the company’s strategic vision.
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