- Shareholders at LithiumBank (LBNKF, Financial) AGM approved all resolutions, including the election of five directors.
- Participation at the AGM represented 19.70% of the company's outstanding shares.
- Approval of re-pricing previously granted stock options could impact shareholder value.
On April 30, 2025, LithiumBank Resources Corp. (LBNKF), a company focused on lithium-enriched brine projects in Western Canada, successfully conducted its Annual and Special Meeting of Shareholders. The meeting secured participation from shareholders representing 19.70% of the company's outstanding shares, amounting to 9,827,931 common shares voted.
Key resolutions approved during the meeting included the reappointment of Davidson & Company LLP as the company's auditors, setting the board size to five directors, and electing Robert Shewchuk, Steven Piepgrass, Christopher Murray, Ekaterina Zotova, and Paul Matysek as board members. In addition, shareholders approved the re-pricing of previously granted stock options, a move that may have implications for shareholder value.
LithiumBank CEO Rob Shewchuk expressed his gratitude to shareholders for their participation and ongoing support. Detailed information about the AGM resolutions can be accessed on the Company's website.
LithiumBank Resources Corp. continues its focus on advancing its flagship projects, Boardwalk and Park Place, with aims to establish commercial lithium production using Direct Lithium Extraction (DLE) technologies across its 1,855,915 acres of brown-field lithium brine licenses in Alberta and Saskatchewan.
