Latest news with #StockOptionPlan
Yahoo
18 hours ago
- Business
- Yahoo
Sierra Madre Announces Extension to First Majestic Loan
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce an amendment to the non-revolving, secured term loan ("Loan") in the amount of US$5 million between the Company and First Majestic Silver Corp. ("First Majestic"); please see Sierra Madre press release dated May 8, 2024 for details of the original loan announcement. The Loan now has a maturity date of May 7, 2027, which represents a 12-month extension of the original term, with no other changes. The Loan bears interest at a rate of 15% per annum with payments of interest only due monthly. In accordance with the original agreement, the Company has deferred payment of the first six months' interest in the amount of US$365,000, which is payable upon maturity of the Loan. The Company may repay the Loan and accrued interest at any time, without penalty. Alex Langer, Sierra Madre's President and CEO, states: "We are very pleased about the extension of this Loan and are grateful for First Majestic's ongoing support. This amendment is expected to provide the flexibility for Sierra Madre to potentially increase plant and mill capacity at our Guitarra silver-gold mine in Mexico's silver belt and also allow us expedite a district-wide exploration program." Sierra Madre also announces that, pursuant to its Stock Option Plan, it has granted stock options to new employees of La Guitarra Compania Minera, S.A. de C.V. and consultants of the Company, to purchase an aggregate of 950,000 common shares of the Company at the price of $0.69 per share for a period of five years from the grant date. The options will vest 1/3 immediately as of the date of grant; 1/3 6 months after the date of the grant; and 1/3 12 months after the date of the grant. This stock option grant is subject to acceptance by the TSX Venture Exchange. About Sierra Madre Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) is a precious metals development and exploration company focused on the Guitarra mine in the Temascaltepec mining district, Mexico, and the exploration and development of its Tepic property in Nayarit, Mexico. The Guitarra mine is a permitted underground mine, which includes a 500 t/d processing facility that operated until mid-2018 and restarted commercial production in January 2025. The +2,600 ha Tepic Project hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource. Sierra Madre's management team has played key roles in managing the exploration and development of silver and gold mineral reserves and mineral resources. Sierra Madre's team of professionals has collectively raised over $1 billion for mining companies. On behalf of the board of directors of Sierra Madre Gold and Silver Ltd., "Alexander Langer"Alexander LangerPresident, Chief Executive Officer and Director778-820-1189 Contact:investor@ Cautionary Note Regarding Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements include, without limitation, statements regarding discussions of future plans, including the expected timing of concentrate shipments; the Company increasing production; the Company receiving revenues on a weekly basis and such revenues allowing the Company to comfortably expand to without further capital needs; production and the expected timing and production levels thereof. The forward-looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that predicted production levels will be achieved and that existing production levels will be maintained. In making the forward-looking statements in this news release, the Company has applied certain material assumptions, including without limitation, that the Company will be able to execute its future plans as intended, that predicted production levels will be achieved and that existing production levels will be maintained. Although management of the Company has attempted identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as 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 and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. SOURCE: Sierra Madre Gold and Silver Ltd. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Eldorado Gold Announces Election of Directors and Results from the 2025 Annual and Special Meeting of Shareholders
VANCOUVER, British Columbia, June 04, 2025 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation ('Eldorado' or 'the Company') is pleased to announce that all director nominees, as listed in the Management Proxy Circular dated April 15, 2025, were elected as directors of Eldorado at the Company's Annual and Special Meeting of Shareholders (the 'Meeting') held on June 3, 2025. "On behalf of the Board, we would like to thank our shareholders for their continued support. With our transformative Skouries copper-gold project less than a year away from first production, our optimization efforts at our existing operations poised to unlock further value, and the continued strengthening of our balance sheet, we believe the future is bright for all our stakeholders,' said Steven Reid, Chair of Eldorado Gold's Board of Directors. 'Further, we would like to thank Catharine Farrow for her contributions and wish her success in her future endeavors. Since joining the Board in 2020, Ms. Farrow has been an invaluable member of the Board, providing her governance and technical expertise to all of the Board's activities. As part of our ongoing Board renewal efforts, we are pleased to welcome Hussein Barma to the Board. Mr. Barma brings a wealth of business acumen and international experience, including over 25 years of experience in senior positions in the mining sector that will enhance our Board's skill set." Election of Directors Directors Votes For Votes Against Outcome Hussein Barma 143,639,385 Shares99.80% 285,884 Shares0.20% Elected Carissa Browning 142,929,228 Shares99.31% 996,039 Shares0.69% Elected George Burns 143,689,977 Shares99.84% 235,292 Shares0.16% Elected Teresa Conway 142,887,461 Shares99.28% 1,037,808 Shares0.72% Elected Judith Mosely 143,622,193 Shares99.79% 303,075 Shares0.21% Elected Steven Reid 143,084,929 Shares99.42% 840,336 Shares0.58% Elected Stephen Walker 143,612,321 Shares99.78% 312,947 Shares0.22% Elected John Webster 142,344,662 Shares98.90% 1,580,607 Shares1.10% Elected At the Meeting, shareholders of the Company also approved: The appointment of independent auditors; Authorizing the board of directors to set the auditor's pay; Amending and restating the Performance Share Unit Plan; Amending and restating the Stock Option Plan; and The advisory resolution on executive compensation. Voting results on each resolution can also be found in the Company's final Report on Voting Results as filed on SEDAR+ ( Biographical information on each of the elected Directors can be found on the Company's website ( About Eldorado Gold Eldorado is a gold and base metals producer with mining, development and exploration operations in Türkiye, Canada and Greece. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO). Contact Investor Relations Lynette Gould, VP, Investor Relations, Communications & External Affairs647 271 2827 or 1 888 353 8166 MediaChad Pederson, Director, Communications and Public Affairs236 885 6251 or 1 888 353 8166 Cautionary Note about Forward-looking Statements and Information Certain of the statements made and information provided in this press release are forward-looking statements or forward-looking information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as 'continues', 'focuses' or variations of such words and phrases or statements that certain actions, events or results 'can', 'could', 'likely', 'may', 'might', 'will' or 'would' be taken, occur or be achieved. Forward-looking statements or information contained in this press release include, but are not limited to, statements or information with respect to: the advancement of construction at Skouries, our optimization efforts and their expected impact, our expectations with respect to our balance sheet and the future for our stakeholders and generally our strategy, plans and goals. Forward-looking statements or information are by their nature based on a number of assumptions that management considers reasonable. However, such assumptions involve both known and unknown risks, uncertainties and other factors which, if proven to be inaccurate, may cause actual results, activities, performance or achievements may be materially different from those described in the forward-looking statements or information. These include assumptions concerning: timing, cost and results of our construction and development activities, improvements and exploration; the future price of gold and other commodities; exchange rates; anticipated values, costs, expenses and working capital requirements; production and metallurgical recoveries; mineral reserves and resources; our ability to unlock the potential of our brownfield property portfolio; our ability to address the negative impacts of climate change and adverse weather; consistency of agglomeration and our ability to optimize it in the future; the cost of, and extent to which we use, essential consumables (including fuel, explosives, cement, and cyanide); the impact and effectiveness of productivity initiatives; the time and cost necessary for anticipated overhauls of equipment; expected by-product grades; the use, and impact or effectiveness, of growth capital; the impact of acquisitions, dispositions, suspensions or delays on our business; the sustaining capital required for various projects; and the geopolitical, economic, permitting and legal climate that we operate in (including recent disruptions to shipping operations in the Red Sea and any related shipping delays, shipping price increases, or impacts on the global energy market). In addition, except where otherwise stated, Eldorado has assumed a continuation of existing business operations on substantially the same basis as exists at the time of this press release. Even though we believe that the assumptions and expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control. Forward-looking statements or information is subject to known and unknown risks, uncertainties and other important factors that may cause actual results, activities, performance or achievements to be materially different from those described in the forward-looking statements or information. These risks, uncertainties and other factors include, among others: risks relating to our operations in foreign jurisdictions (including recent disruptions to shipping operations in the Red Sea and any related shipping delays, shipping price increases, or impacts on the global energy market); development risks at Skouries and other development projects; community relations and social license; liquidity and financing risks; climate change; inflation risk; environmental matters; production and processing; waste disposal; geotechnical and hydrogeological conditions or failures; the global economic environment; risks relating to any pandemic, epidemic, endemic or similar public health threats; reliance on a limited number of smelters and off-takers; labour (including in relation to employee/union relations, the Greek transformation, employee misconduct, key personnel, skilled workforce, expatriates, and contractors); indebtedness (including current and future operating restrictions, implications of a change of control, ability to meet debt service obligations, the implications of defaulting on obligations and change in credit ratings); government regulation; the Sarbanes-Oxley Act; commodity price risk; mineral tenure; permits; risks relating to environmental sustainability and governance practices and performance; financial reporting (including relating to the carrying value of our assets and changes in reporting standards); non-governmental organizations; corruption, bribery and sanctions; information and operational technology systems; litigation and contracts; estimation of mineral reserves and mineral resources; different standards used to prepare and report mineral reserves and mineral resources; credit risk; price volatility, volume fluctuations and dilution risk in respect of our shares; actions of activist shareholders; reliance on infrastructure, commodities and consumables (including power and water); currency risk; interest rate risk; tax matters; dividends; reclamation and long-term obligations; acquisitions, including integration risks, and dispositions; regulated substances; necessary equipment; co-ownership of our properties; the unavailability of insurance; conflicts of interest; compliance with privacy legislation; reputational issues; competition, and those risk factors discussed in our most recent Annual Information Form & Form 40-F. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Information Form & Form 40-F filed on SEDAR+ and EDGAR under our Company name, for a fuller understanding of the risks and uncertainties that affect our business and operations. The inclusion of forward-looking statements and information is designed to help the reader understand management's current views of our near- and longer-term prospects, and it may not be appropriate for other purposes. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and readers are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada and the United in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Maxim Power Corp. Announces Annual General and Special Meeting Election Results
CALGARY, Alberta, June 03, 2025 (GLOBE NEWSWIRE) -- Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG) announced today the final director election results from its 2025 annual general and special meeting of shareholders held on June 3, 2025 (the 'Meeting'). A ballot was conducted at the Meeting with respect to the election of the directors to hold office until the next annual meeting of shareholders. According to the proxies received and ballots cast, the following directors were elected at the Meeting to hold office until the next annual meeting of shareholders or until their successors are elected or appointed, unless such office is earlier vacated in accordance with the by-laws of the Corporation: Nominee # Votes For % Votes For # Votes Withheld % Votes Withheld Wiley D. Auch 53,013,949 99.71 155,012 0.29 M. Bruce Chernoff 52,801,483 99.31 367,478 0.69 Michael Mayder 53,156,449 99.98 12,512 0.02 Brad Wall 53,013,619 99.71 155,342 0.29 Andrea Whyte 53,012,949 99.71 156,012 0.29 W. Brett Wilson 52,801,173 99.31 367,788 0.69 In addition to the foregoing, all unallocated stock options issuable pursuant to the Corporation's Stock Option Plan were approved and authorized at the Meeting until June 3, 2028, as described in the Information Circular of the Corporation dated April 21, 2025. The results of the vote by way of ballot were as follows: Votes For % Votes For Votes Against % of Votes Against 52,443,680 98.64 725,281 1.36 Shareholders were also asked to consider and, if thought fit, approve an ordinary resolution to confirm the amended and restated By-Law No.1 of the Corporation, as described in the Information Circular of the Corporation dated April 21, 2025. The results of the vote by way of ballot were as follows: Votes For % Votes For Votes Against % of Votes Against 53,162,046 99.99 6,915 0.01 For complete voting results with respect to the Meeting, please see MAXIM's Report of Voting Results which will be available shortly under the Corporation's profile on SEDAR+ at About MAXIM Based in Calgary, Alberta, MAXIM is one of Canada's largest truly independent power producers. MAXIM is now focused entirely on power projects in Alberta. Its core asset – the 300 MW H.R. Milner Plant, M2, in Grande Cache, AB – is a state-of-the-art combined cycle gas-fired power plant that commissioned in Q4, 2023. MAXIM continues to explore additional development options in Alberta including its currently permitted gas-fired generation project and the permitting of its wind power generation project. MAXIM trades on the TSX under the symbol 'MXG'. For more information about MAXIM, visit our website at For further information please contact: Bob Emmott, President and CEO, (403) 263-3021 Kyle Mitton, CFO and Vice President, Corporate Development, (403) 263-3021 Statements in this release which describe MAXIM's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of MAXIM to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. MAXIM may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions and will update such forward-looking statements as required pursuant to applicable securities laws.
Yahoo
3 days ago
- Business
- Yahoo
EMX Announces Voting Results from its 2025 Annual General Meeting
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2025) - EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (the "Company" or "EMX") is pleased to report that all proposed resolutions were approved at the Company's Annual General Meeting of shareholders held on June 2, 2025, in Vancouver, British Columbia (the "Meeting"). The number of directors was set at 6 and all director nominees, as listed in the Management Information Circular dated April 15, 2025 (the "Information Circular"), were elected as directors of the Company at the Meeting to serve for a one-year term and hold office until the next annual meeting of shareholders. According to the proxy votes received from shareholders, the results were as follows: Director Votes FOR Votes WITHHELD Dawson C. Brisco 99.41% 0.59% David M. Cole 99.55% 0.45% Sunny S.C. Lowe 96.88% 3.12% Henrik K.B. Lundin 99.34% 0.66% Geoff G. Smith 99.52% 0.48% Michael D. Winn 99.51% 0.49% Shareholders voted 99.14% in favour of setting the number of directors at six, 99.10% in favour of appointing Davidson & Company LLP, Chartered Accountants as auditors, and 96.76% in favour of ratifying and approving the Company's Stock Option Plan. Voting results for all resolutions noted above are reported in the Report on Voting Results as filed under the Company's SEDAR+ profile on June 2, 2025. About EMX. EMX is a precious and base metals royalty company. EMX's investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company's common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol "EMX". Please see for more information. For further information contact: David M. ColePresident and CEOPhone: (303) 973-8585 Dave@ Stefan WengerChief Financial OfficerPhone: (303) 973-8585SWenger@ Isabel BelgerInvestor Relations Phone: +49 178 4909039IBelger@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release To view the source version of this press release, please visit
Yahoo
6 days ago
- Business
- Yahoo
Tsodilo Resources Limited Annual Meeting Results
Toronto, Ontario--(Newsfile Corp. - May 30, 2025) - Tsodilo Resources Limited (TSXV: TSD) (OTCQB: TSDRF) (FSE: TZO) ("Tsodilo" or the "Company") is pleased to announce that at its Annual General Meeting of shareholders held on May 30, 2025, the following directors were elected: James M. Bruchs, Jonathan R. Kelafant and Blackie Marole. Appointment of AuditorsThe shareholders approved the appointment of Jones & O'Connell, LLP, St. Catharines, Ontario, as auditors of the Company. Grant of Stock OptionsUnder the terms of its Stock Option Plan, Tsodilo granted incentive stock options to ten individuals consisting of directors, employees and advisors to purchase an aggregate of 950,000 common shares of Tsodilo exercisable at CDN$ 0.15. These options vest as to 25% effective June 2, 2025, and 25% on each of the sixth, twelfth and eighteenth-month anniversaries of the date of the grant. The options are valid for five years. About Tsodilo Resources LimitedTsodilo Resources Limited is an international resource exploration company engaged in the search for economic metal deposits at its Gcwihaba Resources (Pty) Limited ("Gcwihaba") projects in Botswana. The Company has a 100% stake in its Gcwihaba project area consisting of five metal (base, precious, platinum group, and rare earth) prospecting licenses all located in the North-West district of Botswana. This press release may contain forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements pertaining to the use of proceeds, the impact of strategic partnerships and statements that describe the Company's future plans, objectives or goals) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, changes in equity markets, changes in general economic conditions, market volatility, political developments in Botswana and surrounding countries, changes to regulations affecting the Company's activities, uncertainties relating to the availability and costs of financing needed in the future, exploration and development risks, the uncertainties involved in interpreting exploration results and the other risks involved in the mineral exploration business. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to availability and cost of funds, timing and content of work programs, results of exploration activities, interpretation of drilling results and other geological data, risks relating to variations in the diamond grade and kimberlite lithologies; variations in rates of recovery and breakage; estimates of grade and quality of diamonds, variations in diamond valuations and future diamond prices; the state of world diamond markets, reliability of mineral property titles, changes to regulations affecting the Company's activities, delays in obtaining or failure to obtain required project approvals, operational and infrastructure risk and other risks involved in the diamond exploration and development business. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward- looking statements are reasonable, forward-looking statements are not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to their inherent uncertainty. Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control, which may cause actual results or performance to differ materially from those currently anticipated in such statements. FOR FURTHER INFORMATION PLEASE CONTACT: James M. BruchsChairman and Chief Executive OfficerJBruchs@ Head OfficeTelephone +1 416 572 2033Facsimile + 1 416 987 4369Website To view the source version of this press release, please visit Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
