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VANCOUVER, BC / ACCESSWIRE / March 20, 2023 / CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5P)(OTCQB:CMCXF) ("CMC" or the "Company") is pleased to announce the results of its 2022 Annual General Meeting ("AGM") of shareholders held in person and virtually on Wednesday, December 15th, 2023.
Shareholders approved all the resolutions detailed in the management information circular of the Company (the "Circular"), namely:
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Electing all the nominees to the Board of Directors of the Company.
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Appointing Crowe Mackay LLP as auditor of the Company for the ensuing year and authorizing the directors to determine the auditor's compensation.
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Approving the Incentive Stock Option Plan for the Company.
A total of 21,732,831 common shares of the Company were voted by 46 shareholders at the AGM, representing approximately 15.76% of the issued and outstanding common shares of the Company, with the following results:
| RESOLUTION | VOTES | VOTES | VOTES |
| To Set the number of Directors at Six | 99.98% | 0.02% | 0.00 |
| Kevin Brewer as Director | 99.70% | 0.00% | 0.30% |
| Graham Chisholm as Director | 62.13% | 0.00% | 37.87% |
| John Bossio as Director | 99.94% | 0.00% | 0.06% |
| Robert Wheeler as Director | 62.14% | 0.00% | 37.86% |
| Douglas Coleman | 99.97% | 0.00% | 0.03% |
| Kristian Whitehead as Director | 99.99% | 0.00% | 0.01% |
| Appointment of Auditors | 99.14% | 0.00% | 0.86% |
| Incentive Stock Option Plan | 99.56% | 0.44% | 0.00% |
| Other Business | 71.36% | 28.64%% | 0.00% |
Mr. John Bossio, Chairman noted "CMC Metals is in a strong financial position. Looking back at 2022 we have accomplished a lot and the advancement of our property portfolio is exceeding our expectations. The addition of Mr. Kristian Whitehead, a highly experienced geologist in Yukon and British Columbia and who created and operated his own exploration drilling company. He has already proven to be an asset to our company since he joined us initially as a Geological Advisor and we are looking forward to his contribution in helping us enhance shareholder value in these challenging market conditions. We are looking at a range of growth opportunities for 2023. And of course, we are especially excited about the potential of such properties as Silverknife in the Rancheria Silver District where plans to conduct a 3,000-meter program this summer are well underway."
About CMC Metals Ltd.
CMC Metals Ltd. is a growth stage exploration company focused on opportunities for high grade polymetallic deposits in Yukon, British Columbia and Newfoundland. Our polymetallic silver-lead-zinc CRD prospects in the Rancheria Silver District include the Silverknife project (British Columbia), located in very close proximity to one of the world's highest grade underground silver-lead-zinc mines in the world (owned by Coeur Mining Inc.), the Silver Hart Deposit and Blue Heaven claims (Yukon), Amy claims located 7km west of the Silverknife claims (British Columbia). Our polymetallic projects with potential for copper-silver-gold and other metals include Bridal Veil, Terra Nova (optioned to Highbank Mining Inc., TSX-V: HBK), and Rodney Pond (central Newfoundland) and Logjam (Yukon).