VANCOUVER, British Columbia – In a move that underscores unwavering shareholder confidence, K92 Mining Inc. (TSX: KNT; OTCQX: KNTNF) today announced the successful results of its 2025 Annual General Meeting, held both virtually and in person. All proposed resolutions were overwhelmingly approved, reflecting strong backing for the company’s strategic direction.
A substantial 66.83% of the company’s issued and outstanding common shares were voted, demonstrating robust shareholder engagement. The six director nominees put forward by the company were elected, with impressive vote tallies. Here’s a snapshot of the voting results:
<table align="center" style="border-collapse: collapse; width:100%; border-collapse:collapse ;”>
Mark Eaton
<td style="max-width:20%; width:20%; min-width:20%;;vertical-align: middle; text-align: left; padding-left: 10.0px; border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; “>
141,576,374
<td style="max-width:15%; width:15%; min-width:15%;;vertical-align: middle; text-align: left; padding-left: 10.0px; border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; “>
97.81
<td style="max-width:20%; width:20%; min-width:20%;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; “>
3,174,920
<td style="max-width:15%; width:15%; min-width:15%;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; “>
2.19
Shareholders also signaled their approval on several key proposals:
- Maintaining the board size at six directors.
- Re-appointing PricewaterhouseCoopers LLP as the company’s auditor and authorizing the board to determine the auditor’s compensation.
- Approving the non-binding advisory vote on the company’s approach to executive compensation.
<table align="center" style="border-collapse: collapse; width:100%; border-collapse:collapse ;”>
Number of Directors (6)
<td style="max-width:20%; width:20%; min-width:20%;;vertical-align: middle; text-align: left; padding-left: 10.0px; border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; “>
160,667,308
<td style="max-width:15%; width:15%; min-width:15%;;vertical-align: middle; text-align: left; padding-left: 10.0px; border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; “>
99.85
<td style="max-width:20%; width:20%; min-width:20%;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; “>
234,918
<td style="max-width:15%; width:15%; min-width:15%;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: top ; “>
0.15
These results show a clear mandate for the company’s leadership and strategic direction. All six directors will continue to serve on the Board of Directors until the next annual shareholder meeting or until their successors are duly elected or appointed.
For a deeper dive into the particulars, including the Management Information Circular dated April 23, 2025, you can access the materials on K92 Mining’s website and on SEDAR+.
Final voting results are also available in the Report on Voting Results filed on the SEDAR+ website.
About K92 Mining Inc.
K92 Mining is focused on gold, copper, and silver production at its Kainantu Gold Mine in Papua New Guinea. The company, having achieved commercial production in February 2018, is financially sound and is focused on becoming a Tier 1 mid-tier producer through ongoing plant expansions. A preliminary resource estimate for the Blue Lake copper-gold porphyry project was completed in August 2022. The company benefits from a team of seasoned mining professionals with extensive industry experience.
On Behalf of the Company,
John Lewins, Chief Executive Officer and Director
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements include, without limitation: (i) the results of the Kainantu Mine Definitive Feasibility Study, including the Stage 3 Expansion, a new standalone 1.2 mtpa process plant and supporting infrastructure; (ii) statements regarding the expansion of the mine and development of any of the deposits; (iii) the Kainantu Stage 4 Expansion, operating two standalone process plants, larger surface infrastructure and mining throughputs; and (iv) the potential extended life of the Kainantu Mine.
All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors, many of which are beyond our ability to control, that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, without limitation, Public Health Crises, including the epidemic or pandemic viruses; changes in the price of gold, silver, copper and other metals in the world markets; fluctuations in the price and availability of infrastructure and energy and other commodities; fluctuations in foreign currency exchange rates; volatility in price of our common shares; inherent risks associated with the mining industry, including problems related to weather and climate in remote areas in which certain of the Company’s operations are located; failure to achieve production, cost and other estimates; risks and uncertainties associated with exploration and development; uncertainties relating to estimates of mineral resources including uncertainty that mineral resources may never be converted into mineral reserves; the Company’s ability to carry on current and future operations, including development and exploration activities at the Arakompa, Kora, Judd and other projects; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the availability and costs of achieving the Stage 3 Expansion or the Stage 4 Expansion; the ability of the Company to achieve the inputs the price and market for outputs, including gold, silver and copper; failures of information systems or information security threats; political, economic and other risks associated with the Company’s foreign operations; geopolitical events and other uncertainties, such as the conflicts in Ukraine, Israel and Palestine; compliance with various laws and regulatory requirements to which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions, including relationship with the communities in Papua New Guinea and other jurisdictions it operates; other assumptions and factors generally associated with the mining industry; and the risks, uncertainties and other factors referred to in the Company’s Annual Information Form under the heading “Risk Factors”.
Estimates of mineral resources are also forward-looking statements because they constitute projections, based on certain estimates and assumptions, regarding the amount of minerals that may be encountered in the future and/or the anticipated economics of production. The estimation of mineral resources and mineral reserves is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, Forward-looking statements are not a guarantee of future performance, and actual results and future events could materially differ from those anticipated in such statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause actual results to differ materially from those that are anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/2194.html
