Prime Announces Voting Results of 2025 AGM

Core Viewpoint - Prime Mining Corp. successfully held its Annual General and Special Meeting, where all proposed directors were elected and all matters presented were approved, indicating strong shareholder support for the company's direction and governance [1][2]. Meeting Results - A total of 103,882,459 common shares were represented at the Meeting, accounting for 68.13% of the issued and outstanding common shares [2]. Election of Directors - The resolution to set the number of directors to nine was approved with 99.36% votes in favor [3]. - Individual nominees received significant support, with votes for key nominees as follows: - Murray John: 96.05% [4] - Scott Hicks: 99.57% [4] - Paul Sweeney: 96.99% [4] - Andrew Bowering: 94.72% [4] - Edie Hofmeister: 77.24% [4] - Marc Prefontaine: 98.59% [4] - Chantal Gosselin: 98.70% [4] - Kerry Sparkes: 79.96% [4] - Sunny Lowe: 96.98% [4] Appointment of Auditors - Davidson & Company LLP was approved as the auditor with 97.14% votes in favor [5]. Revised Omnibus Incentive Plan - The revised omnibus incentive plan was adopted with 95.59% votes in favor [7]. - Unallocated entitlements under the revised plan were approved with 87.65% votes in favor [8]. Financial Position - The company reported a cash balance of approximately $32.9 million as of June 17, 2025 [6]. Project Development - Prime Mining is focused on the Los Reyes gold-silver project in Sinaloa, Mexico, targeting a Preliminary Economic Assessment (PEA) completion by Q3 2025, which is expected to reflect a high return, high margin, low capital, and long-life project [6][14]. - The company has invested over $64 million in direct exploration activities since acquiring Los Reyes in 2019, completing over 221,000 meters of drilling [14]. Exploration Plans - Planned exploration activities include extending high-grade mineralization areas, expanding known resources, and conducting geological mapping and geochemical sampling to identify new targets [12][9]. - The company aims to engage with local communities through educational and environmental programs [12].