#Canada #Toronto #Annual Meeting #Orvana Minerals #Shareholder Vote

Orvana Minerals Corp. Reports Annual General Shareholders' Meeting Results

Orvana Minerals Corp. (TSX: ORV) celebrated the successful outcome of its annual general shareholders' meeting held on February 14, 2025. Shareholders actively participated to elect directors and make critical decisions for the company's future.

During the meeting, the voting results showcased overwhelming support for the company's current leadership. Michael Davies secured 75,412,414 votes, representing 93.62% of the total votes cast. His fellow director candidates, Alfredo Garcia Gonzalez and Robert Metcalfe, also achieved similar success in terms of voting percentages, reflecting shareholders' confidence in their leadership. Additionally, Michael Mutchler received an identical number of votes as Davies, highlighting a unified front within the board.

In terms of corporate governance, Robert Metcalfe was reappointed as chairman of the board of directors, signaling a steady hand at the helm during these dynamic times. Alongside him, Juan Gavidia continues as Chief Executive Officer, while Nuria Menendez takes up the Chief Financial Officer role. Binh Vu was reaffirmed as Corporate Secretary and Vice President of Legal Affairs. These appointments illustrate shareholders' faith in the incumbents' capabilities to steer the company forward.

The meeting also involved financial oversight announcements, with PricewaterhouseCoopers LLP reinstated as the independent auditor for another year. An impressive 93.97% of votes, totaling 79,922,252, favored this decision, indicating a shared commitment toward transparency and accountability in financial reporting. The ability to fix the auditor's remuneration was also authorized, a necessary step for the upcoming fiscal year.

For shareholders seeking more nuanced details about the voting metrics, Orvana advises reviewing their official disclosure available on SEDAR, a regulatory database for Canadian securities. This level of transparency allows stakeholders to align their expectations with the company’s operational strategies.

About Orvana Minerals Corp.

Orvana is a diversified mining company specializing in gold, copper, and silver extraction. Its production is primarily derived from the El Valle and Carlés mines in Spain's northern regions. Additionally, Orvana operates the Don Mario property in Bolivia and the Taguas project located in Argentina. The multi-mine approach not only diversifies Orvana's portfolio but also positions it advantageously within the mining sector, allowing for economies of scale and risk mitigation through geographical dispersion.

Forward-Looking Statements

Investors should heed caution as certain forward-looking statements were made during the meeting. These encompass expectations around improved free cash flow and operational efficiencies at the El Valle Plant. Orvana aims to prolong the operational life of its assets through strategic optimizations, although these projections come with their inherent uncertainties related to commodities pricing, operational costs, and other unpredictable external factors.

The management acknowledges that risks such as fluctuations in gold and copper prices, regulatory changes, and operational disruptions pose challenges that could affect future performances. Maintaining a proactive approach to risk management is crucial in navigating these complexities while leveraging existing strengths to achieve long-term objectives.

In summation, the annual general shareholders' meeting was a testament to the engaged and supportive shareholder base of Orvana Minerals Corp. With a solid leadership team reappointed, alongside their independent auditor, the company is poised to tackle the challenges of 2025 with resilience and strategic foresight. Stakeholders can look forward to further developments as Orvana continues to build value in the mining sector.