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Power Metallic Mines Inc. AGSM Results and NYSE Update

Power Metallic Mines Inc. has made significant announcements regarding its recent Annual General and Special Meeting (AGSM) and its ongoing efforts for a listing on the New York Stock Exchange (NYSE). The AGSM, held on November 20, 2025, in Toronto, Ontario, reported encouraging outcomes as shareholders overwhelmingly voted in favor of key business decisions.

AGSM Voting Outcomes

During the AGSM, all presented proposals achieved robust support from shareholders. Notably, the election of six directors, including Terry Lynch, Peter Kent, Les Mallard, Greg McKenzie, Steve Beresford, and Seamus O'Regan, was confirmed. Further, shareholders approved the appointment of auditor MNP LLP and embraced the new Omnibus Equity Incentive Plan. This plan is a crucial shift, replacing the prior stock option approach and allowing for the introduction of varied equity compensation forms, such as Restricted Share Units and Performance Share Units, alongside traditional stock options. Approximately 31% of the total issued outstanding shares participated in the voting.

Omnibus Equity Incentive Plan

The newly adopted Omnibus Equity Incentive Plan aligns with TSX Venture Exchange Policy 4.4, aiming to enhance the company's capabilities in compensating its workforce through various stock-based incentives. This strategic adjustment is expected to bolster talent retention and align employee performance with Power Metallic’s growth prospects.

For detailed information on the resolutions and the Omnibus Equity Incentive Plan, stakeholders may refer to the Company’s Information Circular available on SEDAR, ensuring transparency in the decision-making process.

NYSE Listing Advancements

In addition to the AGSM results, Power Metallic is making strides toward its NYSE listing ambitions. After completing a financial review for the third quarter, the company awaits further steps for regulatory approval. An update on these efforts is anticipated in early January, showcasing the firm’s commitment to enhancing its corporate stature and investor reach.

About Power Metallic Mines Inc.

Power Metallic is a Canadian exploration enterprise centered on the advancement of the Nisk Project Area, which includes the Nisk, Lion, and Tiger zones. This strategically significant area is known for its high-grade deposits of Copper, PGE, Nickel, gold, and silver, positioning it as a potential site for Canada’s next polymetallic mine.

Since securing an option in 2021 to control up to 80% of the Nisk project from Critical Elements Lithium Corp., Power Metallic has bolstered its land control through acquiring adjacent claims. By mid-2025, the company commanded an impressive land package totaling approximately 212.86 km², and ongoing drilling programs are set to elucidate the mineralization potential further.

In addition to its Canadian operations, Power Metallic has extended its reach internationally through its ownership stake in Chilean Metals Inc., granting access to valuable land packages in British Columbia and Chile. Furthermore, its full ownership of Power Metallic Arabia allows it to explore promising territories in Saudi Arabia’s JabalSaid Belt, known for copper, gold, and zinc mineralization opportunities.

Forward-Looking Statements

The company’s announcements also included cautionary statements regarding forward-looking information, emphasizing that, while projections are grounded in reasonable assumptions, actual outcomes may differ due to a range of uncertainties including market conditions and regulatory approvals.

As Power Metallic Mines Inc. continues to expand its projects and solidify its market presence, it remains an exciting entity to follow in the mining and exploration sector.