Business
Namibia Critical Metals Announces Results of Annual General Meeting of Shareholders and Issuance of Options
HALIFAX, NS / ACCESS Newswire / May 14, 2026 / Namibia Critical Metals Inc. ("Namibia Critical Metals" or the "Company" or "NCMI") (TSXV:NMI)(OTCQB:NMREF) annou
About this update from Namibia Critical Metals Inc.
[{"type":"text","content":" HALIFAX, NS / ACCESS Newswire / May 14, 2026 / Namibia Critical Metals Inc. (\"Namibia Critical Metals\" or the \"Company\" or \"NCMI\") (TSXV:NMI)(OTCQB:NMREF) announces the results of the Company's Annual General Meeting of Shareholders held on May 14, 2026 (the \"Meeting\"). Shareholders holding 68.04% of the shares were represented in person or by proxy at the Meeting. All the matters submitted to the shareholders, as set out in the Notice of Meeting and Information Circular dated April 8, 2026, were voted in favour, including: (a) Election of Directors to the Board of the Company as listed below; (b) the approval of the stock option plan, pursuant to which the Company may grant stock options up to 10% of its issued and outstanding common shares at the time of grant; and (c) the appointment of PricewaterhouseCoopers LLP as the auditors of the Company for the ensuing year. Messrs. Adrian Hickey, Darrin Campbell, William Price and Steve Herlihy were re-elected to serve as directors of the Company, with the percentage of votes cast for each director as follows: Nominee Votes For % For Votes Withheld % Withheld Adrian T. Hickey 153,532,155 99.96% 0 0 Steve Herlihy 153,532,155 99.96% 0 0 Darrin Campbell 153,532,155 99.96% 0 0 William L. Price 153,532,155 99.96% 0 0 The Company also announced today, pursuant to the requirements of the TSX Venture Exchange, that its board of directors approved the granting of incentive stock options (\"Options\") under its stock option plan as part of the overall remuneration and incentive program for its employees, consultants, officers and directors. A total of 1,000,000 Options were granted. All the Options are exercisable for a period of five years at a price of $0.20 per Common Share, being the closing price of the Company's common shares on the TSX Venture Exchange on May 13, 2026, and will vest 25% immediately and 25% per quarter thereafter. On behalf of the Board of Directors,Namibia Critical Metals Inc. Darrin Campbell, President About Namibia Critical Metals Inc. NCMI is developing the Tier-1 Heavy Rare Earth Project, Lofdal, a globally significant deposit of the heavy rare earth metals dysprosium and terbium. Demand for these critical metals used in permanent magnets for electric vehicles, wind turbines and other electronics is driven by innovations linked to energy and technology trans...