Positive. Prime Mining Corp. announced successful AGM, focused on Los Reyes project development

From GlobeNewswire: 2025-06-19 21:24:00

Prime Mining Corp. held its Annual General and Special Meeting, electing all listed directors and approving all matters. The company is focused on its Los Reyes gold-silver project in Mexico, targeting a high return PEA by Q3 2025 with a cash balance of $32.9 million. The Company also plans to publish its third annual ESG report soon.

Results of the meeting showed a total of 103,882,459 common shares represented, with a 68.13% turnout. The resolution to set the number of directors at nine passed with 99.36% of votes in favor.

Voting for the appointment of directors saw overwhelming support, with all nominees approved. Notably, Scott Hicks received 99.57% of votes in favor. The resolution to approve the auditors and a revised omnibus incentive plan also passed.

Prime Mining Corp plans to continue exploration at Los Reyes, targeting resource expansion and new discoveries. Despite a security pause in drilling, the company aims to resume a 40,000m program within 12 months. Fiscal 2025 exploration will focus on various high-grade areas and generative target drilling.

The Los Reyes project in Mexico is a high-grade gold-silver project with significant exploration potential. Recent drilling and geological interpretation indicate larger deposit areas and potential for new discoveries. Prime Mining Corp aims to unlock the full potential of the project through resource expansion and technical de-risking activities.

Drill core sampling at Los Reyes project follows stringent QA/QC protocols, including certified reference materials, blanks, and duplicates. Samples are analyzed by accredited labs in Mexico and Canada for gold and multi-element chemistry. All assay techniques have set detection limits and are conducted according to ISO/IEC standards.

Forward-looking statements in the news release highlight the Company’s exploration and development plans, emphasizing the potential of Los Reyes. Risks include those inherent in mineral resource estimates, commodity price fluctuations, and project execution challenges. The Company commits to providing accurate and updated information to investors.



Read more at GlobeNewswire: Prime Announces Voting Results of 2025 AGM