Prismo Metals Announces Results of Shareholder Meeting and Security Based Compensation Grants

Core Points - Prismo Metals Inc. held its annual general and special meeting of shareholders on October 2, 2025, where all matters were approved [1] Group 1: Shareholder Meeting Outcomes - Shareholders elected a board of directors consisting of Alain Lambert, Louis Doyle, Craig Gibson, and Martin Dupuis [2] - The re-appointment of the current auditor, DeVisser Gray LLP, was approved by shareholders [2] - Shareholders adopted a new long-term incentive plan allowing for a "rolling up to 20%" [2] - The continuance of the Company from Canada into British Columbia under the Business Corporations Act was approved [2] - A potential new corporate name was also approved, subject to the directors' determination [2] Group 2: Stock Options and Restricted Share Units - The Company granted a total of 850,000 stock options to certain directors and officers, and 100,000 options to a consultant, each exercisable at $0.15 for five years [3] - The stock options will vest over one year, with one-quarter vesting every three months [3] - An aggregate of 725,000 restricted share units (RSUs) were issued to certain directors and officers, with each RSU entitling the holder to one Common Share upon vesting [4] - The RSUs will also vest over one year, with one-quarter vesting every three months [4] Group 3: Company Overview - Prismo Metals Inc. is a mining exploration company focused on advancing its Silver King, Ripsey, and Hot Breccia projects in Arizona, as well as its Palos Verdes silver project in Mexico [4]